Talbots reaches for young clientele, abandoning mature customers?

Talbots mistakenly chasing youth instead of core customers
Talbots mistakenly chasing youth instead of core customers

It's a happy day at the headquarters of retailer Talbots -- analysts are forecasting that tomorrow, the chain will report its first profit in six quarters.

Perhaps your grandmother will celebrate her favorite store's good fortune by popping into her local Talbots for a new brightly-colored blazer or pair of sturdy, appropriate slacks. But if all goes according to plan, she may find herself disappointed. Part of what has financial experts calling for a Talbots comeback is a new strategy -- the company says it wants to bring younger women into the stores.