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dELiA*s, Inc.
DLIA, a multi-channel retail company comprised of two
lifestyle brands marketing to teenage girls and young women, today announced
the Company and its Chief Executive Officer, Walter Killough, have mutually
agreed not to renew Mr. Killough's employment agreement. The agreement was
scheduled to expire on August 2, 2013, however, it is anticipated that he will
depart from dELiA*s on or about April 1, 2013. The Company has commenced a
search for a new Chief Executive Officer. In the event a new CEO has not been
named, Mr. Killough may agree to continue to serve as CEO of dELiA*s for a
limited period of time after April 1, 2013.
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