Haggar (NASDAQ:HGGR)
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Haggar to Resume Stock Buyback Program
DALLAS, Nov. 8 /PRNewswire-FirstCall/ -- Today, Haggar Clothing Co., a leading
marketer of men's clothing, announced that it will resume its stock buyback
program. The Company's management is authorized to purchase up to a total of
3,000,000 shares of stock pursuant to a resolution passed by the Company's
Board of Directors. The amount and timing of the repurchases will depend upon
market conditions. As of November 8, 2004, the Company had purchased
2,242,183 shares to date.
Joe Haggar, III, stated, "Our successes during fiscal 2004 have put us in a
position to increase the return we deliver to our shareholders by continuing
the stock buyback program for the first time since fiscal 2002."
About Haggar
Haggar Clothing Co., a wholly owned subsidiary of Haggar Corp. (NASDAQ:HGGR),
is a leading marketer of men's casual and dress apparel and women's sportswear,
with global headquarters in Dallas, TX. Haggar markets in the United States,
United Kingdom, Canada, Mexico and Indonesia. Haggar also holds exclusive
licenses to use the Claiborne(R) trademark in the United States to manufacture,
market and sell men's shorts and pants and to use the Kenneth Cole New York(R)
and Kenneth Cole Reaction(R) trademarks throughout the United States to
manufacture, distribute and sell men's tailored dress pants and men's
classification dress and casual pants and shorts in men's classification pant
departments. For more information visit the Haggar website at
http://www.haggar.com/ .
DATASOURCE: Haggar Corp.
CONTACT: John Feray, Chief Financial Officer of Haggar Corp.,
+1-214-956-4511, or fax, +1-214-956-4239
Web site: http://www.haggar.com/