Hanover Direct Announces Management Promotions
and New Hires

Jeff Potts named Senior Vice President of D-Commerce New Ventures
Steven Goldberg joins as President of Upscale Home Fashions
Anita Iodice promoted to President of The Company Store

Hanover Direct, Inc. (AMEX: HNV), today announced the promotion of two key executives within the company and the hiring of another executive to further develop its current business objectives. All appointments are effective immediately.

Jeff Potts has been promoted to the position of Senior Vice President of D-Commerce New Ventures reporting to Rakesh K. Kaul, President and Chief Executive Officer of Hanover Direct, Inc. In this position, Mr. Potts will be responsible for online incubation enterprises and future D-Commerce initiatives as well as for Always In Style, the online venture in which Hanover has a controlling interest. Mr. Potts will also be responsible for new initiatives within Hanover Brands including Compagnie de la Chine, the Encore catalog, membership programs, and credit marketing. In this capacity, Mr. Potts will report directly to Richard Hoffman, President and Chief Operating Officer of Hanover Brands, Inc.

"The promotion of Jeff Potts reflects the value that we place on his strong operations and management skills and his contributions to Hanover Direct," stated Rakesh K. Kaul, President and CEO of Hanover Direct, Inc. "Hanover is committed to our D-Commerce model and to the growth of our new ventures. Jeff is the perfect individual to help us implement this strategy and expedite the rollout of our new initiatives."

Steven Goldberg joins Hanover Direct, Inc. as President for Upscale Home Fashions, reporting to Richard Hoffmann. Mr. Goldberg will be responsible for overseeing operations for The Company Store, Turiya and Scandia Down, Kitchen & Home, and American Down and Textile Worldwide

Anita Iodice has been promoted to the position of President of The Company Store reporting to Steven Goldberg, President for Upscale Home Fashions. In this position, Ms. Iodice will be responsible for the marketing, merchandising, creative, and product development functions of The Company Store

Kaul stated, "The addition of Steven Goldberg is one that I am very excited about. He has an impressive track record and solid experience. He will help us to further solidify our position as the leader in upscale home fashions."

Kaul added, "The promotion of Anita Iodice to President of The Company Store reflects the work that she has done in creating and defining this brand. She has been instrumental to the growth of The Company Store and in her new position will be able to further develop this important business."

"Hanover Brands is the market leader in upscale home fashions and continues to grow in this area. The promotions of Jeff Potts and Anita Iodice and the addition of Steven Goldberg will help us to further expand this business and keep ahead of the competition," stated Richard Hoffman, President and Chief Operating Officer of Hanover Brands, Inc.

Jeff Potts joined The Company Store in 1986 and was promoted to Vice President, Chief Financial Officer. Mr. Potts continued as CFO following Hanover Direct’s acquisition of the company in 1993 and was promoted to President of The Company Store in 1995. In 1996, Mr. Potts was again promoted to the position of President of Upscale Home Fashions.

Steven Goldberg is a seasoned merchant, direct marketer and business leader joining Hanover Direct from Bloomingdale’s where he served as Vice President of Merchandising for Home Store Furniture, Interior Design and Product Development. Mr. Goldberg has a distinguished career including his tenure as Chief Executive Officer of Zona, Inc, and as Vice President and General Merchandise Manager for Merchandise Services with American Express.

Anita Iodice joined The Company Store in 1994. She was names Director of Merchandising in 1995 and promoted to Vice President and GMM of The Company Store in 1996. Prior to her joining The Company Store, Ms. Iodice held positions at Land’s End, Eddie Bauer, and Fredrick and Nelson.

About Hanover Direct, Inc.
Hanover Direct, Inc. (AMEX: HNV) and its business units provide quality, branded merchandise through a portfolio of catalogs and e-commerce platforms to consumers, as well as a comprehensive range of Internet, e-commerce, and fulfillment services to businesses. Hanover Brands, Inc. is comprised of the Company’s catalog and e-commerce web site portfolio of home fashions, apparel, general merchandise and gift brands, including Domestications, The Company Store, Turiya, Domestications Kitchen & Garden, Kitchen & Home, Encore, Improvements, Silhouettes International Male, Undergear, and Gump’s By Mail. Hanover Direct is the exclusive distributor of the Compagnie de la Chine brand in North America; the Company owns Gump’s, a retail store based in San Francisco; and the Company has a majority equity stake in Always In Style®. Each brand can be accessed on the Internet individually by name. erizon, Inc. is comprised of Keystone Internet Services, Inc. (www.keystoneinternet.com), the Company’s third party, end-to-end, fulfillment, logistics and e-care provider, and Desius, LLC, the Company’s joint venture with RS Software India, Ltd., offering 24/7-web shop services and e-commerce systems development. The erizon subsidiary also services the logistical, IT and fulfillment needs of the Hanover Brands subsidiary. Information on Hanover Direct, including each of its subsidiaries, can be accessed on the Internet at www.hanoverdirect.com.

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