The Blair Corporation (Amex: BL - news) today announced that the company has repurchased 69,473 shares of its common stock during the fourth quarter of 2000. All shares were purchased on the open market in November and December of 2000.

The national catalogue and direct mail marketer of women's and men's apparel and home products announced that from the fourth quarter of 1996 through the fourth quarter of 2000, Blair Corporation has repurchased a total of 1,620,940 shares and has 7,968,844 shares outstanding and 2,106,596 shares in treasury.

John E. Zawacki, president and CEO said: "At its current price, we believe that the Company's stock is undervalued and the repurchase of shares reflects our ongoing confidence in the future of the Company."