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by Eric Anderson

Guilderland, NY – J. Jill was front and center for the 2008 financial collapse.

Talbots Inc. purchased the women’s clothing retailer for $517 million in 2006. But sales tanked as the economy stalled and, in 2009, Talbots unloaded J. Jill for just $67 million.

That’s the year the Crossgates Mall J. Jill store closed. But next month, if all goes well, J. Jill’s new owner will reopen it, a sign that the retail outlook is brightening.

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