Thistle, my closest Talbots closed and I was very disappointed that I'd have to drive another half hour to get to one. I shopped there all the time but apparently I was the only one.
I wonder if the issue with Coldwater Creek was that they skewed more casual than Talbots, so people were always bargain-hunting? In my experience people are more likely to pay full-price for workwear, as opposed to casual and weekend stuff. That doesn't explain why J Jill is still thriving (as far as I know) since they are casual as well, but they do appeal to a younger crossover boho crowd more than CC, I think.