Casual Corner and Petite Sophisticate To Hold Storewide Sales Across the Country

Press Release
ENFIELD, CT., (NOVEMBER 23), 2005 – All 525 Casual Corner, Casual Corner Annex and Petite Sophisticate stores across America will begin storewide sales beginning Friday, November 25. The stores are located in 42 states, as well as Puerto Rico.

“All stores will begin store closing sales at some time in the coming weeks, with all stores slated for closure or transfer to a third party,” stated Malcolm L. Sherman, Transitional Chief Executive Officer of Casual Corner Group. “However, we continue to examine the long-term strategic options for the Casual Corner Group stores, including the search for investors interested in continuing the Casual Corner/Petite Sophisticate brands and operations.”

Sales offer storewide discounts of 40 to 60 percent off the lowest-ticketed retail price on all Casual Corner/Petite Sophisticate merchandise - including women’s career and casual apparel, suits, accessories and shoes. The sales will continue until all merchandise has been sold.

“We decided to provide an opportunity to Casual Corner Group’s customers to experience Casual Corner’s and Petite Sophisticate’s style at outstanding values and are really excited to present these stunning savings in our stores,” said Sherman. “We are extremely grateful to Casual Corner Group’s associates, vendors and customers in these markets for their loyalty throughout the years.”

“This sale offers a rare opportunity for unprecedented deals on the latest fashions,” Sherman continued. “Everyone who has always shopped at Casual Corner, Casual Corner Annex and Petite Sophisticate, or always wanted to, can now find special clothing and accessories at one-time-only savings.”

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group provides global advisory, operating and financial services to companies at times of growth or restructuring. Gordon Brothers Group appraises, acquires and sells a wide range of assets, including inventory, real estate, industrial assets, accounts receivable and intellectual property. The firm also provides debt financing and equity capital to consumer products companies and facilitates mergers and acquisitions with strategic partners. Gordon Brothers Group has a number of portfolio companies ranging from manufacturing to retailing interests. Gordon Brothers Group is headquartered in Boston and maintains 20 offices and satellites worldwide.