dELiA*s adds Tracy Gardner to BoD

In her new role, Ms. Gardner will be focused on the branding, merchandising and creative functional areas while Mr. Killough will continue to provide oversight on operations, finance, and other areas of the business during the transition.

In addition, the Company announced that it has named Michael Zimmerman Chairman of the Board of Directors, replacing Carter S. Evans, who will remain on the Board.

Ms. Gardner brings over 25 years of leadership experience in developing and growing omni-channel brands. She was with J.Crew from 2004 to 2010, most recently as President of Retail & Direct. Ms. Gardner was instrumental in revitalizing the brand, driving significant growth in sales and profitability. For the past year, Ms. Gardner served as Creative Advisor to Gap Inc. Earlier in her career she held senior merchandising roles at the Gap brand, Banana Republic and Lands’ End.

Michael Zimmerman, Chairman of the Board of Directors, stated, “We are extremely pleased to have attracted such a highly talented executive to the dELiA*s organization. Tracy is an exceptionally accomplished retailer with a proven track record that brings tremendous knowledge and experience in brand development and omni-channel retailing to our Company.

"We look forward to leveraging her strategic vision and insight into our core customer. We would also like to thank Walter for agreeing to remain as our Chief Executive Officer through a transition period in order to allow Tracy to focus her initial efforts on branding, merchandising and creative for the important Back-to-School and Holiday seasons.”

Ms. Gardner stated, “I am thrilled to join the dELiA*s team. dELiA*s is a great brand, and I look forward to working with the team to build even better product and a stronger connection with our customer.”

Mr. Zimmerman further commented, “In addition we would like to thank Carter for his dedicated service as Chairman, and appreciate his continued support as we all work to drive improvement in the business.”

Retention of a Strategic Advisor

As previously discussed, the Company has retained Janney Montgomery Scott LLC as strategic advisor to the Board of Directors with an initial focus on the potential disposition of the Company’s Alloy brand.

About dELiA*s, Inc.

dELiA*s, Inc. is a multi-channel retail company comprised of two lifestyle brands marketing to teenage girls and young women. Its brands – dELiA*s and Alloy – generate revenue by selling apparel, accessories and footwear to consumers through websites, direct mail catalogs and dELiA*s mall-based retail stores.

dELiA*s