The Talbots Inc. will repurchase up to $50 million of its outstanding common stock. The decision by its board of directors comes on the heels of another $50 million repurchase approved in March.
“The board’s action is a reflection of the company’s strong cash flow, which we believe will be sufficient to support our ongoing store expansion plans, the payment of our regular quarterly dividends and this stock repurchase program,” said Arnold B. Zetcher, the company’s chairman and CEO, in a statement.
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