Redcats USA Appoints Gary White to CEO of United Retail Group

Business Wire, Feb 28, 2008

NEW YORK -- Redcats USA, a multi-channel home shopping leader with numerous well-known brands in its portfolio, including Woman Within[R], Roaman's[R], and Jessica London[R], today announced that Gary White has been named CEO for United Retail Group. Most recently, Gary has been serving as the Chief Operating Officer for The Wet Seal, Inc., and will remain with them through the end of March. Gary will officially join the Redcats USA team on March 24; his office will be located in Rochelle Park, New Jersey.

As jointly agreed when Redcats USA acquired United Retail Group in September 2007, Raphael Benaroya was to remain in his current position to support a transition until a replacement was identified. Raphael will serve as a consultant to Redcats USA for the foreseeable future.

Eric Faintreny, Chairman and CEO of Redcats USA, stated "I would like to recognize Raphael's leadership in building the AVENUE[R] brand into the icon it is today with merchandise vision and strong operating skills. He has always focused on building a strong team and supporting his associates."

Mr. Faintreny added, "With Gary joining the Redcats USA team, he brings with him an excellent track record of retail experience, most recently having responsibility for the growth and profitability of almost 500 stores, as well as an acute understanding for store operations. I am confident that the transition will be seamless, and Gary will prove to be a tremendous asset to the Redcats USA team."

Mr. Raphael Benaroya commented, "Our team has built one of the strongest concepts in the specialty retailing space. Following the conclusion of the transition period, I am now as certain as ever that the combination of Redcats USA and United Retail Group creates a formidable entity in specialty retail. I have full confidence in the AVENUE[R] brand and the entire leadership team and believe that the business has a bright future and will continue to be very successful."

United Retail Group is a specialty retailer of plus-size women's fashion apparel, footwear and accessories featuring AVENUE[R] brand merchandise in almost 500 AVENUE[R] stores, as well as on the AVENUE[R] website www.avenue.com.

About Redcats USA

Redcats USA is a multi-channel home shopping leader with numerous well-known brands in its portfolio: Chadwick's[R], metrostyle[TM], Woman Within[R], Jessica London[R], Roaman's[R], La Redoute[R] USA, KingSize[R], BrylaneHome[TM], BrylaneHome Kitchen[TM], The Sportsman's Guide[R], The Golf Warehouse[R] and AVENUE[R] Stores. Redcats USA offers a wide range of value and quality driven merchandise categories, including missy apparel, men's and women's plus-size apparel, home and lifestyle products, and outdoor gear.

About Redcats Group

Redcats USA is a division of Redcats Group, a global leader in Home Shopping for apparel and home furnishing. Drawing on a multichannel network combining catalogues, e-commerce and stores, Redcats Group generated 3.76 billion euros of sales in 2007 with 15 brands in 29 countries and a staff of 22,000 associates. Sales are split between France (51.5%), USA (24.9%) and the rest of the world (23.6%). Redcats Group is a PPR Company. For any further information: www.redcats.com.