January 29, 2020

Talbots on Nassau Street Now Closed, Future Plans Remain Uncertain

By Donald Gilpin

Talbots women’s clothing store, a mainstay for Nassau Street shoppers for many years, closed after business last Saturday, January 25. Future possibilities for that space or for Talbots relocating in the Princeton area are uncertain.

“We have enjoyed Talbots’ tenancy at Palmer Square for many years, however their lease was up and it had become evident that we need to make building-wide improvements. We are taking this opportunity to do so,” wrote Palmer Square Management Vice President Lori Rabon in an email. “We wish them well in their future endeavors and hope that someday they may return.”

Palmer Square Management Director of Marketing Jamie Volkert stated that “for confidentiality reasons we cannot discuss any future plans at this moment.” The building upgrades would include HVAC, mechanical, and electrical work, and will not affect neighboring tenants on Nassau Street, she pointed out.

With an 80 percent off sale for its last few days, business at Talbots last Thursday afternoon was brisk. More than a dozen buyers lined up at the check-out registers, many purchasing multiple items. By early Friday afternoon there were more than 30 people in the store, most apparently regular Talbots patrons, with a steady flow in and out and lines of 10 or more buying shoes, accessories, and a variety of women’s apparel.

“We have a sophisticated, educated clientele,” said Store Manager Lena Gambino. She stated that Talbots was leaving because “the landlord said the lease is up. Talbots is looking for other places in the area, a big space with parking.”

Both Gambino and sales clerk Carol Haroldson confirmed that, even before the closing sale, “the store was always doing very well. We got kicked out. I wish Talbots would find another spot.”

The clothes remaining after closing on Saturday were packed up to be donated or transferred to another Talbots location. The employees said they would be left without jobs, but were hopeful that Talbots would open at a new location in the area where they could seek employment.

Haroldson said that it wasn’t just the job she would miss. “We have wonderful customers,” she added. “It’s not just about the clothes. You get to know the people.”

Talbots operates more than 500 women’s clothing stores throughout the United States and Canada, including 21 stores in New Jersey. Talbots did not respond to calls and email messages seeking further information.

The company also sells through a monthly catalog and its ecommerce website. Talbots is owned by the private equity firm Sycamore Partners, the owner of teen retailer Hot Topic and women’s footwear firm Nine West.