Charlotte Russe Holding Inc, a growing mall-based specialty retailer of fashionable, value priced apparel and accessories targeting young women in their teens and twenties announced that its Board of Directors has approved the repurchase of up to an aggregate of $25 million of its Common Stock.
Mark Hoffman, President and Chief Executive Officer commented, "We believe that the repurchase program is a good investment of available funds and underscores our commitment to enhancing stockholder value."
The repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market.
The repurchase program is expected to continue over the next twelve months unless extended or shortened by the Board of Directors.
Charlotte Russe Holding Inc
marketing@alchempro.com
