Delia's evaluating 'strategic alternatives'

Teen girls cataloger/retailer Delia’s has retained Peter J. Solomon Co. to explore and evaluate its strategic alternatives, which could include a sale. The move "reflects the board's commitment to maximizing shareholder value,” Delia's CEO Stephen Kahn said in a statement. The statement also noted that “there can be no assurance that the company's review of strategic alternatives will result in a transaction.” Representatives for New York-based Delia’s did not return calls by press time.