Apparel maker Blair Corporation to repurchase up to 400,000 shares
14 Feb '06
1 min read
Womenswear and menswear retailer Blair Corporation has announced that on February 10th 2006 the Board of Directors authorized a stock repurchase program. It is the company's current intention to repurchase, in the aggregate, up to 400,000 shares, or approx. 10 percent of the company's outstanding common stock.
The purchases will be made from time to time in the open market, through privately negotiated transactions or otherwise, and will take into account market conditions, restrictive covenants contained in the company's loan agreements and applicable securities laws.
Headquartered in Warren, Pennsylvania, Blair Corporation sells a broad range of women's and men's apparel and home products through direct mail marketing.
Blair Corporation employs approx. 2,000 associates worldwide and operates facilities and retail outlets in Northwestern Pennsylvania as well as a catalog outlet in Wilmington, Delaware. The company, which has annual sales of approx. $500 million, is publicly traded on the American Stock Exchange.
marketing@alchempro.com
