Blair Corp to log profits on sourcing & product develop

21 Jul '05

4 min read

"The increase in profitability for the second quarter reflects Blair's strategic efforts to focus on its core customer base, lowering overall operating costs and reducing unprofitable sales," said John Zawacki, president and Chief Executive Officer.

"Blair is confident that today's tender offer will be a major factor in enhancing shareholder value. They remain committed to increasing profitability and further developing and implementing strategic plans which will enhance their position as the premier direct marketer to value-conscious consumers," Mr. Zawacki concluded.

Pennsylvania based Blair is a multi-channel direct marketer of women's and men's apparel and home Online and mail order sales of womenswear, menswear, and home products. Blair Corporation employs over 2,000 people 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 approximately $500 million, is publicly traded on the American Stock Exchange.

Blair Corporation

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