The press release attached as Exhibit 99.1 contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles. To supplement the Company's consolidated financial statements presented in accordance with GAAP, it is presenting non-GAAP information regarding the effect on earnings per share from costs related to, among other things:

• severance, fixed asset impairment and other charges and credits related to the closure of underperforming retail locations;

• the amortization of certain acquired intangible assets from the acquisitions of KG Group Holdings Limited ("Kurt Geiger") and Stuart Weitzman Holdings, LLC ("Stuart Weitzman") and the fair value adjustment of the contingent consideration payable for the Stuart Weitzman and Moda Nicola International, LLC ("Robert Rodriguez") acquisitions;

• investment consulting fees, legal fees, accounting fees and other items related to the acquisitions and other business development activities;

• severance and restricted stock amortization related to executive management changes;

• present value accruals and adjustments for liabilities related to leases on properties currently not in use;

• severance and other expenses associated with the closure of the Texas and Rhode Island warehouses;

• severance, occupancy, and other costs related to the exit from or restructuring of certain other product lines and other charges not considered by management to be part of ongoing operations; and

• the write-off of certain deferred financing fees in 2011 related to the amendment and extension of our credit facility.