The story
The company was launched in 1993 by two Yale University graduates. One company focus was its Gen Y understanding, as reflected in its use of the internet for furthering brand identity.
The company was acquired by Alloy Inc. in 2003, for $50 million. The combined company had annual catalog, internet, and retail sales of $300 million. It also had a database of over 20 million names, constituting 30%–40% of U.S. consumers who were 12–18 years old. Alloy then spun off the company in 2005.
In January 2013 HRSH Acquisitions LLC bought Alloy Inc, now being marketed as Alloy Apparel, for $3.7 million in cash. HRSH also assumed $3.1 million in liabilities. On December 5, 2014, it announced that it had filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York, and would be liquidating all 95 stores. Shortly after, its shares fell more than 80% to $0.02. Steve Russo of Fab/Starpoint acquired the brand for $2.5 million, and in August 2015, re-opened the store with an online-only presence, but this was unsuccessful.
Online fashion company Dolls Kill later licensed the Delia's name and re-launched it as a sub-brand in November 2018, with its clothes available online and through pop-ups in Los Angeles and San Francisco.
From Wikipedia’s article on Delia's, shared under CC BY-SA 4.0.5