dELiA*s Announces Mutual Deal Not to Renew CEO's Employment Agreement

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dELiA*s, Inc. (NASDAQ: DLIA), a multi-channel retail company comprised of twolifestyle brands marketing to teenage girls and young women, today announcedthe Company and its Chief Executive Officer, Walter Killough, have mutuallyagreed not to renew Mr. Killough's employment agreement. The agreement wasscheduled to expire on August 2, 2013, however, it is anticipated that he willdepart from dELiA*s on or about April 1, 2013. The Company has commenced asearch for a new Chief Executive Officer. In the event a new CEO has not beennamed, Mr. Killough may agree to continue to serve as CEO of dELiA*s for alimited period of time after April 1, 2013.

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