At this time we don’t have time for any more questions. Ms Sullivan please continue with any closing remarks.

Trudy F. Sullivan

Thanks for being with us this morning. I’m sure you can tell we are staying the course here. We’ve made some very good headway with all of our initiatives and we’ve accomplished a lot and we are very excited about our prospects for the future. That said we will continue to run this business in this environment in a very conservative fashion and as we see things to ease up we are in a great position to chase that business. So, thank you and have a great day.

Operator

This concludes the Talbots Inc conference call. We’ll now proceed with the full forward-looking statement.

In addition to the information set forth in this press release, you should carefully consider the risk factors and risks and uncertainties included in the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as in this press release below. This press release contains forward-looking information within the meaning of The Private Securities Litigation Reform Act of 1995. These statements may be identified by such forward-looking terminology as expect, achieve, plan, look, believe, anticipate, outlook, will, would, should, guidance, or similar statements or variations of such terms.. Our forward-looking statements are based on a series of expectations, assumptions, estimates, and projections about our company, and are not guarantees of future results or performance, and involve substantial risks and uncertainties, including assumptions and projections concerning our regular-price and markdown selling, operating cash flows, liquidity, and funds available under our credit facilities for all forward-looking periods.

All of our forward-looking statements are as of the date of this release only. The company can give no assurance that such expectations or forward-looking statements will prove to be correct. Actual results may differ materially. The company does not undertake or plan to update or revise any such forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this release, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. Any occurrence of or any material adverse change in one or more of the risk factors or risks and uncertainties referred to in this press release or included in our periodic reports filed with the Securities and Exchange Commission could materially and adversely affect our continuing operations and our future financial results, cash flows, prospects, and liquidity.

Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the following risks and uncertainties: The material impact on our business, continuing operations, and financial results of the significant deterioration of the U.S. economic environment, including continued substantial negative impact on customer discretionary spending and, if such economic conditions continue or worsen, can be expected to continue and have an increasing impact on our business, continuing operations, liquidity, and results of operations.

The risks and uncertainties associated with the sale of J. Jill brand of business including timing and confirmation, the risks and estimated or anticipated costs, charges and liabilities to settle and complete the exit of the firm and disposal of the J. Jill brand business including both retained obligations and contentious risks of the obligations of from or be greater than anticipated.

Confirmation of any sourcing transaction, risk of ability to purchase the merchandize on open account of the firm at existing payment terms and expected levels and risks and uncertainties in connection with any need to source merchandize from alternate vendors, risks and impairments of goodwill and other intangible and long lived asset, any disruption in our supply of merchandize, ability to reduce funding as needed, ability to achieve our 2009 financial plan for operating results, working capital and cash flows.

The risk of continued compliance with NYSE continued listing conditions, including thirty day average $1 trading price and $75.0 million market capitalization and stockholders’ equity, and other continued listing conditions. Future store closings and success of and necessary funding for closing nonperforming stores, ability to successfully execute, fund and achieve the benefits from our strategic initiatives and restructuring and cost savings initiatives, ability to accurately forecast future sales, cash flows, and other future financial results, customer acceptance of our new merchandise offerings including our spring, summer and other seasonal fashions.

In each case, actual results may differ materially from such forward-looking information. Any future publications, statements or disclosures by us which modify or impact any of the forward-looking statements contained in or accompanied by this release will be deemed to modify or supersede such statements in or accompanying this release. Certain other factors which may impact our continuing operations, prospects, financial results, and liquidity, or which may cause actual results to differ from such forward-looking statements, are also discussed or included in the company''s periodic reports filed with the Securities and Exchange Commission and available on the Talbots website at www.thetalbotsinc.com under ""Investor Relations”. You are urged carefully to consider all such factors.