A pedestrian passes by a Talbots display window on Thursday,

UNITED STATES - MAY 03: A pedestrian passes by a Talbots display window on Thursday, May 3, 2007, in New York. Talbots Inc., a women's clothing retailer, cut its fiscal first-quarter earnings forecast, citing ``significantly weaker than expected Talbots brand April sales." The stock fell as much as 12 percent in early trading. (Photo by Stephen Hilger/Bloomberg via Getty Images)
UNITED STATES - MAY 03: A pedestrian passes by a Talbots display window on Thursday, May 3, 2007, in New York. Talbots Inc., a women's clothing retailer, cut its fiscal first-quarter earnings forecast, citing ``significantly weaker than expected Talbots brand April sales." The stock fell as much as 12 percent in early trading. (Photo by Stephen Hilger/Bloomberg via Getty Images)
A pedestrian passes by a Talbots display window on Thursday,
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