Arnold B. Zetcher, Chairman, President and Chief Executive Officer of The Talbots, Inc. (NYSE: TLB), announced at the Company's Annual Shareholders Meeting today that Talbots goal is to be operating over 1,150 stores and to have approximate sales of more than $2 billion by the end of fiscal 2005.* At the end of fiscal 1999, Talbots operated 673 stores and had revenues of approximately $1.