-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BIxNlaAZFBOT7rHRW5WbXTcmf/OgMNaHoqdQfYxQ3TP/3l2KG9MRGzZ6i1feThUd oZjWQD+Kedic2foWKiSaHQ== 0000071525-04-000006.txt : 20040504 0000071525-04-000006.hdr.sgml : 20040504 20040504134716 ACCESSION NUMBER: 0000071525-04-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040504 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLAIR CORP CENTRAL INDEX KEY: 0000071525 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 250691670 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00878 FILM NUMBER: 04776780 BUSINESS ADDRESS: STREET 1: 220 HICKORY ST CITY: WARREN STATE: PA ZIP: 16366 BUSINESS PHONE: 8147233600 FORMER COMPANY: FORMER CONFORMED NAME: NEW PROCESS CO DATE OF NAME CHANGE: 19890507 8-K 1 crossingpointe8k.txt PRESS RELEASE SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 3, 2004 Blair Corporation (Exact name of registrant as specified in its charter) Delaware 001-00878 25-0691670 -------- --------- ---------- (State or other (Commission File No.) (I.R.S. Employer Jurisdiction of Identification No.) incorporation) 220 Hickory Street, Warren, Pennsylvania 16366-0001 (Address of Principal executive offices) (Zip Code) Registrant's telephone number, including area code: (814) 723-3600 Not Applicable (Former name or former address, if changed since last report) Page -2- Item 5. Other Events and Regulation FD Disclosure On May 3, 2004, Blair Corporation (the "Company") announced as a part of an analysis, assisted by McKinsey & Company, a national marketing and strategy consulting firm, that Blair will discontinue circulation of its 4-year-old Crossing Pointe catalog title in early 2005 and is presently evaluating the opportunity for maintaining a Web-based Crossing Pointe business. A copy of the press release regarding the foregoing is attached hereto as Exhibit 99.1. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit 99.1. Press Release Page -3- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 3, 2004 Blair Corporation By: John E. Zawacki ---------------- John E. Zawacki President and Chief Executive Officer By: Bryan J. Flanagan ----------------- Bryan J. Flanagan Senior Vice President and Chief Financial Officer Page - 4- Exhibit 99.1 FOR IMMEDIATE RELEASE: CONTACTS: Blair Corporation Carl Hymans Bryan Flanagan, SVP/Chief Financial Officer G.S. Schwartz & Co Thomas McKeever, SVP/Operations & Administration 212-725-4500 814-723-3600 carlh@schwartz.com BLAIR CORPORATION TO FOCUS NEW BUSINESS DEVELOPMENT ON CORE CUSTOMERS WARREN, PA, (May 3, 2004) Blair Corporation (Amex: BL), (www.blair.com), a national catalog and multi-channel direct marketer of women's and men's apparel and home products, has announced its intention to more fully focus new business development efforts on the core Blair brand and its proven appeal to significant market segments. The decision to focus on core operations is based in part on the historical success of the Blair brand and an extensive consumer and brand strategy study undertaken by the Company as a component of its efforts to enhance profitability and shareholder value. As a part of this analysis, assisted by McKinsey & Company, a national marketing and strategy consulting firm, Blair will discontinue circulation of its 4-year-old Crossing Pointe catalog title in early 2005 and is presently evaluating the opportunity for maintaining a Web-based Crossing Pointe business. John E. Zawacki, President and CEO, stated, "Historically, the core Blair brand has been the cornerstone of our business and has generated the growth and profitability to position us for the future. Our actions, based on extensive consumer research and the success of our core brand, will enable us to get closer to the markets we serve best, maintain the customer intimacy that has been the hallmark of our business and further establish the Blair brand for a new generation of customers." Mr. Zawacki added, "We do not anticipate that our decision regarding Crossing Pointe will have any negative effect on Blair's 2004 profitability but do expect it to benefit the Company's financial performance in 2005 and beyond." The Company anticipates that the current direct contingent of non-management Crossing Pointe associates, as well as other interdepartmental support personnel, will be redeployed within the Blair business. ABOUT BLAIR Headquartered in Warren, Pennsylvania, Blair Corporation sells a broad range of women's and men's apparel and home products through direct mail marketing and its Web sites www.blair.com, www.crossingpointe.com and www.irvinepark.com . Blair Corporation employs over 2,500 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 more than $580 million, is publicly traded on the American Stock Exchange (AMEX-BL). This release contains certain statements, including without limitation, statements containing the words "believe," "plan," "expect," "anticipate," and words of similar import relating to future results of the Company (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to, changes in political and economic conditions, demand for and market acceptance of new and existing products, as well as other risks and uncertainties detailed in the most recent periodic filings of the Company with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----