The board of directors of Zumiez has approved a share-repurchase program of up to $20 million, the company said in a regulatory filing Tuesday.
The Lynnwood-based retailer of sports apparel and gear said the program will end Feb. 1, 2014, unless the board decides to curtail the stock repurchase earlier.
This $20 million stock buyback program is in addition to one announced in November for up to $22 million. That stock repurchase program ended Dec. 17. Zumiez shares closed at $19.86, up 23 cents on Tuesday. The new stock buyback plan was announced after the close of the markets.