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Talbots' Credit Crunch Raises Alarms

New York, NY - (WWD) - Talbots Inc.'s credit crisis might not be an isolated event, as lenders grow more nervous about the retail sector, experts said.

Shares of Talbots continued on a downward spiral Thursday, falling 14.5 percent to $7.83. That followed a 28.7 percent decline Wednesday after the Hingham, Mass.-based retailer said Bank of America and HSBC would pull lines of credit. The Dow Jones Industrial Average finished fractionally ahead on Thursday as the S&P Retail Index crept up 0.2 percent.

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