WEEHAWKEN, NJ, JUNE 24, 1999 - Hanover Direct, Inc. (AMEX: HNV) today announced an e-commerce relationship between its premier gift brand, Gump's, and dowjones.com, a new web portal site for businesspeople recently launched by Dow Jones and Company. Gump's, known for its luxury home, gift and jewelry selections, will be the featured gift brand offered within dowjones.com and will include a selection of executive and corporate gifts, as well as wedding, jewelry, home, baby and personal gifts.

"We are excited to be involved in this new venture focused on the business community," said Rakesh K. Kaul, President and CEO of Hanover Direct, Inc. "Gump's, our luxury gift brand, fits well within this demographic audience. The Internet presents tremendous potential for the executive gift category, particularly for the unique collection of distinctive gifts and Asian inspired treasures Gump's is known for."

"Gump's provides a wonderful opportunity to expand our services on dowjones.com to include business-related e-commerce," said Jessica Perry, general manager of dowjones.com. "The company's expertise in the corporate gift area should be particularly valuable to our audience."

dowjones.com will present businesspeople with a unique collection of classic to contemporary gifts available through a link from dowjones.com to gumps.com. The exceptional collection of gifts offered include business gifts appropriate for colleagues and clients, all delivered in a Gump's signature gift box complete with a hand-written gift card. Since 1861, the name Gump's has defined international style and distinctive design.

dowjones.com is a free site, offering Web business users organized resources on the Internet for industry news and information. It includes an efficient business search engine, top news stories, e-commerce opportunities, personalization features, and editorial resources for 29 key industries. dowjones.com serves as a hub for businesspeople looking for information, services, and Web resources on almost any business issue. In addition to selected stories from Dow Jones newswires, the best-selling business and financial newswires in the U.S., and highlights from The Wall Street Journal Interactive Edition, the largest paid-subscription site on the entire Web, dowjones.com offers a marketplace area for the purchase of business-to-business products and services.

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. The brand marketing division is comprised of the Company's catalog and e-commerce web site portfolio of home fashions, apparel and gift brands, including Domestications, The Company Store, Colonial Garden Kitchens, Kitchen & Home, Improvements, The Safety Zone, Silhouettes, Tweeds, International Male, Austad's, Undergear, and Gump's By Mail. The Company also owns Gump's, a retail store based in San Francisco. Each brand can be accessed on the Internet individually by name. The web services division is comprised of the Company's Internet marketing services group, systems platform, fulfillment and telemarketing and third party fulfillment service vendor, Keystone Fulfillment Inc. (www.keystonefulfillment.com) Information on Hanover Direct, including each of its divisions, can be accessed on the Internet at www.hanoverdirect.com.

About Dow Jones & Company
Dow Jones & Company (NYSE:DJ) publishes The Wall Street Journal and its international and interactive editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones Newswires, dowjones.com, Dow Jones Indexes, and the Ottaway group of community newspapers. Dow Jones Reuters Business Interactive LLC, a venture being formed by Dow Jones & Company and Reuters, will create one of the world's largest and essential collections of business news and information. The joint venture will combine and build on content from Dow Jones Interactive and Reuters Business Briefing to provide professionals in corporations around the world with critical global news and related in-depth business information that offers insight and perspective. Dow Jones is co-owner of the CNBC television operations in Europe and Asia. Dow Jones also provides news content to CNBC in the U.S.

CONTACT:
AGG International, Public Relations
Paula Zwerdling
Managing Director
(212) 869-8230

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