UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)             May 25, 2012

THE TALBOTS, INC.

(Exact Name of Registrant as Specified in Charter)

Registrant’s telephone number, including area code             (781) 749-7600

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

INFORMATION TO BE INCLUDED IN THE REPORT

Section 2 – Financial Information

Attached and being furnished as Exhibit 99.1 is a copy of the Company’s press release dated May 25, 2012, reporting Talbots financial results for the first quarter of fiscal 2012. The attached press release when issued included a typographical error indicating selling, general & administrative (SG&A) expenses as a percent of net sales increased 500 basis points which should have been 50 basis points and is corrected in the attached Exhibit 99.1.

To supplement the Company’s financial results presented in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company uses, and has also included in the attached press release, certain non-GAAP financial measures. These non-GAAP financial measures should not be considered in isolation, or as a substitute for, or superior to, financial measures calculated in accordance with GAAP and are used solely to provide supplemental information together with our reported GAAP amounts. These non-GAAP financial measures may also be calculated differently from similar measures disclosed by other companies.

To ease the use and understanding of our non-GAAP financial measures, the Company provides a detailed reconciliation of such non-GAAP financial measures and identifies each of the exclusions in arriving at the Company’s adjusted (non-GAAP) amounts.

In the accompanying press release, the Company includes fiscal 2012 and fiscal 2011 results from continuing operations and operating income which exclude the following special items: impairment and restructuring charges, merger-related costs, costs associated with executive retirement, costs associated with the evaluation of strategic alternatives and costs associated with the store re-image initiative.

Management uses these financial measures, together with GAAP results, as an additional tool in assessing the impact and results of the Company’s ongoing strategic initiatives, evaluating historical core operating performance and any potential trends in the Company’s core operating performance, assessing management performance, and assessing operating performance against other companies. Management believes that these financial measures are helpful to investors as an additional tool to further facilitate an investor’s understanding and evaluation of the Company’s operating performance, as these measures identify items which management believes impact comparability and which are not necessarily indicative of ongoing core operating performance.

Material limitations of these financial measures are: (i) such measures do not reflect actual GAAP amounts and adjust for special items which impact the corresponding GAAP amounts, such as GAAP margins, GAAP income and GAAP earnings per share, as applicable; (ii) such measures may involve actual cash outlays which impact cash flows; (iii) a majority of merger-related costs reflect actual cash outlays; (iv) impairment charges reflect an actual decrease in the carrying value of one or more assets based on current estimates of the fair value of those assets; (v) charges related to the Company’s store re-image initiative reflect non-cash accelerated depreciation and disposal costs; and (vi) restructuring charges, costs associated with executive retirement and costs associated with the evaluation of strategic alternatives include

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cash outlays which impact cash flows. All of the above may be material to an investor’s understanding of the Company’s financial position. Management compensates for these limitations by clarifying that these measures are only supplemental to the reported GAAP operating metrics and should not be considered in isolation, and by providing the directly comparable GAAP financial measure.

Exclusion of items in the Company’s non-GAAP measures should not be considered as an inference that these items are unusual, infrequent or non-recurring.

Section 8 – Other Events

On May 25, 2012, the Company issued a press release regarding its strategic review process and the expiration of the exclusive period thereunder. The press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

Section 9 – Financial Statements and Exhibits

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.