Market Overview

Tilly's, Inc. Declares Special Dividend of $1.00 per Share

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Tilly's Inc. (NYSE:TLYS, the "Company")) announced today that its Board
of Directors has declared a special cash dividend of $1.00 per share, or
approximately $29.5 million in the aggregate, on the Company's
outstanding Class A and Class B common stock. This one-time, special
dividend is payable on February 27, 2019 to stockholders of record at
the close of business on February 15, 2019. The Company cannot guarantee
any future dividends. The declaration and payment of future dividends,
if any, will be at the sole discretion of the Company's Board of
Directors based on its consideration of various factors, including the
Company's operating results, financial condition, and anticipated
capital requirements.

"We are pleased that our operating results and cash generation have
allowed us to provide a direct return to our shareholders via a special
dividend for the third consecutive year," commented Edmond Thomas,
President and Chief Executive Officer.

About Tillys

Tillys is a leading specialty retailer of casual apparel, footwear and
accessories for young men, young women, boys and girls with an extensive
assortment of iconic global, emerging and proprietary brands rooted in
an active and social lifestyle. Tillys is headquartered in Irvine,
California and currently operates 229 stores and its website, www.tillys.com.

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