dELiA*s, Inc. Appoints Tracy Gardner Chief Creative Officer and Member of
the Board of Directors
NEW YORK -- May 1, 2013
dELiA*s, Inc. (NASDAQ: DLIA), a multi-channel retail company comprised of two
lifestyle brands marketing to teenage girls and young women, today announced
the appointment of Tracy Gardner as Chief Creative Officer, effective
immediately. Ms. Gardner has also been appointed as a member of the Board of
Directors. dELiA*s also announced that Walter Killough has agreed to serve as
Chief Executive Officer at least through August 2, 2013. 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 today 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
This press release may contain forward-looking statements made in reliance
upon the safe harbor provisions of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding our expectations and beliefs regarding
our future results or performance. Because these statements apply to future
events, they are subject to risks and uncertainties. When used in this
announcement, the words “anticipate”, “believe”, “estimate”, “expect”,
“expectation”, “should”, “would”, “project”, “plan”, “predict”, “intend” and
similar expressions are intended to identify such forward-looking statements.
Our actual results could differ materially from those projected in the
forward-looking statements. Additionally, you should not consider past results
to be an indication of our future performance. For a discussion of risk
factors that may affect our results, see the “Risk Factors That May Affect
Future Results” section of our filings with the Securities and Exchange
Commission, including our annual report on Form 10-K and quarterly reports on
Form 10-Q. We do not intend to update any of the forward-looking statements
after the date of this announcement to conform these statements to actual
results, to changes in management's expectations or otherwise, except as may
be required by law.
David Dick, Chief Financial Officer, 212-590-6200
Jean Fontana, 646-277-1214
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