SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1) (1)
dELiA*s Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
246885107
(CUSIP Number)
William Siegel
American Retail Enterprises, L.P.
1620 Grand Avenue
Baldwin, New York 11510
(516) 867-6200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 15, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 13 Pages
- -----------
1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
13D
===============================
CUSIP No. 246885107
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
American Retail Enterprises, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
659,701
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
659,701
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,701
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 13 Pages
<PAGE>
13D
===============================
CUSIP No. 246885107
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Pants Set, Inc.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
659,701
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
659,701
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,701
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
CO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 13 Pages
<PAGE>
13D
===============================
CUSIP No. 246885107
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Landmark Pants Corp.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
659,701
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
659,701
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,701
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
CO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 13 Pages
<PAGE>
13D
===============================
CUSIP No. 246885107
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William Siegel
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
659,701
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
659,701
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,701
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 13 Pages
<PAGE>
13D
===============================
CUSIP No. 246885107
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Ronald Lubel
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
659,701
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
659,701
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,701
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 13 Pages
<PAGE>
This Amendment No. 1 to Schedule 13D amends the Schedule 13D initially
filed on December 10, 1998 (collectively, with all amendments thereto, the
"Schedule 13D") and is being filed to reflect that the Reporting Persons are no
longer holders of 5% or more of the Shares.
Item 4. Purpose of the Transaction.
The third to last paragraph of Item 4 of the Schedule 13D is amended and
restated in its entirety as follows:
"Subject to an ongoing evaluation of the investment in the Shares,
prevailing market conditions, other investment opportunities, liquidity
requirements of the Reporting Persons and/or other investment considerations,
the Reporting Persons ultimately intend to sell, over a longer period (which has
not yet been determined) some or all of the Shares reported herein. The
Reporting Persons have not made a determination regarding a maximum or minimum
number of Shares which they may hold at any point in time."
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is amended and restated in its entirety as
follows:
A. American Retail Enterprises, L.P. ("ARE")
(a),(b) The information set forth in Rows 7, 8, 9, 10, 11 and 13 of
the cover page hereto for ARE is incorporated herein by
reference. The percentage amount set forth in Row 13 of such
cover page and of each other cover page filed herewith is
calculated based upon the 14,735,000 Shares outstanding as of
October 31, 1998, as publicly reported by the Company in its
Third Quarter Earnings Release which was publicly disclosed on
December 9, 1998.
(c) The trade dates, number of Shares purchased or sold and the
price per Shares for all purchases and sales of the Shares
since the filing of the prior Schedule 13D are set forth on
Schedule A hereto and are incorporated herein by reference.
All of such transactions were open-market transactions.
(d) Pants Set and Landmark, as General Partners, have the power to
direct the affairs of ARE, including the disposition of the
proceeds of the sale of the
Page 7 of 13 Pages
<PAGE>
Shares. Siegel is the President of Pants Set and Vice
President of Landmark and Lubel is the President of Landmark.
(e) As of December 15, 1998, the Reporting Person is no longer a
holder of 5 % of the Shares.
B. The Pants Set, Inc. ("Pants Set")
(a),(b) The information set forth in Rows 7, 8, 9, 10, 11 and 13 of
the cover page hereto for Pants Set is incorporated herein by
reference.
(c) Not applicable.
(d) Pants Set, as General Partner of ARE, has the power to direct
the affairs of ARE, including the disposition of the proceeds
of the sale of the Shares. Siegel is the President of Pants
Set.
(e) As of December 15, 1998, the Reporting Person is no longer a
holder of 5 % of the Shares.
C. Landmark Pants Corp. ("Landmark")
(a),(b) The information set forth in Rows 7, 8, 9, 10, 11 and 13 of
the cover page hereto for Landmark is incorporated herein by
reference.
(c) Not applicable.
(d) Landmark, as General Partner of ARE, has the power to direct
the affairs of ARE, including the disposition of the proceeds
of the sale of the Shares. Lubel is the President of Landmark
and Siegel is the Vice President of Landmark.
(e) As of December 15, 1998, the Reporting Person is no longer a
holder of 5 % of the Shares.
Page 8 of 13 Pages
<PAGE>
D. William Siegel ("Siegel")
(a),(b) The information set forth in Rows 7, 8, 9, 10, 11 and 13 of
the cover page hereto for Siegel is incorporated herein by
reference.
(c) Not applicable.
(d) Pants Set and Landmark, as General Partners of ARE, have the
power to direct the affairs of ARE, including the disposition
of the proceeds of the sale of the Shares. Siegel is the
President of Pants Set and Vice President of Landmark.
(e) As of December 15, 1998, the Reporting Person is no longer a
holder of 5 % of the Shares.
E. Ronald Lubel ("Lubel")
(a),(b) The information set forth in Rows 7, 8, 9, 10, 11 and 13 of
the cover page hereto for Lubel is incorporated herein by
reference.
(c) Not applicable.
(d) Landmark, as General Partner of ARE, has the power to direct
the affairs of ARE, including the disposition of the proceeds
of the sale of the Shares. Lubel is the President of Landmark.
(e) As of December 15, 1998, the Reporting Person is no longer a
holder of 5 % of the Shares.
Page 9 of 13 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: December 15, 1998
AMERICAN RETAIL ENTERPRISES, L.P.
By: LANDMARK PANTS CORP.
its General Partner
/s/ Ronald Lubel
--------------------------------
Name: Ronald Lubel
Title: President
By: THE PANTS SET, INC.
its General Partner
/s/ William R. Siegel
--------------------------------
Name: William Siegel
Title: President
LANDMARK PANTS CORP.
By: /s/ Ronald Lubel
-------------------------------
Name: Ronald Lubel
Title: President
THE PANTS SET, INC.
By: /s/ William R. Siegel
--------------------------------
Name: William Siegel
Title: President
[Signatures continued on following page]
Page 10 of 13 Pages
<PAGE>
[Signatures continued from prior page]
/s/ William R. Siegel
----------------------------------------
William Siegel
/s/ Ronald Lubel
----------------------------------------
Ronald Lubel
Page 11 of 13 Pages
<PAGE>
SCHEDULE A
AMERICAN RETAIL ENTERPRISES, L.P.
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
(including commission)
12/11/98 2,300 (S) $11.81
12/11/98 1,400 (S) $11.50
12/11/98 2,500 (S) $11.50
12/11/98 1,000 (S) $11.50
12/11/98 1,000 (S) $11.69
12/11/98 6,000 (S) $11.56
12/11/98 500 (S) $11.50
12/11/98 200 (S) $11.44
12/11/98 1,000 (S) $11.50
12/11/98 1,000 (S) $11.50
12/11/98 1,000 (S) $11.50
12/11/98 500 (S) $11.81
12/11/98 3,000 (S) $11.81
12/11/98 2,100 (S) $11.75
12/14/98 1,000 (S) $10.50
12/14/98 1,000 (S) $10.44
12/14/98 1,600 (S) $10.44
12/14/98 2,500 (S) $10.31
12/14/98 500 (S) $10.31
12/14/98 2,000 (S) $10.31
12/14/98 4,000 (S) $10.38
12/14/98 2,500 (S) $10.44
12/14/98 1,800 (S) $10.44
12/14/98 4,000 (S) $10.44
12/14/98 3,000 (S) $10.50
Page 12 of 13 Pages
<PAGE>
12/14/98 2,000 (S) $10.50
12/14/98 3,000 (S) $10.50
12/14/98 1,000 (S) $10.50
12/14/98 2,500 (S) $10.50
12/14/98 3,000 (S) $10.50
12/14/98 2,000 (S) $10.50
12/14/98 1,200 (S) $10.50
12/14/98 3,000 (S) $10.50
12/14/98 1,000 (S) $10.50
12/14/98 1,000 (S) $10.50
12/14/98 2,000 (S) $10.44
12/15/98 700 (S) $9.25
12/15/98 1,000 (S) $9.25
12/15/98 100 (S) $9.25
12/15/98 1,000 (S) $9.31
12/15/98 3,900 (S) $9.19
12/15/98 200 (S) $9.31
12/15/98 800 (S) $9.31
12/15/98 1,000 (S) $9.31
12/15/98 1,000 (S) $9.31
12/15/98 3,000 (S) $9.31
12/15/98 1,000 (S) $9.25
12/15/98 3,700 (S) $9.25
12/15/98 13,500 (S) $9.22
12/15/98 4,000 (S) $9.44
12/15/98 5,000 (S) $9.44
12/15/98 1,000 (S) $9.50
12/15/98 2,000 (S) $9.50
12/15/98 2,600 (S) $9.50
12/15/98 7,400 (S) $9.50
12/15/98 2,100 (S) $9.50
12/15/98 5,000 (S) $9.41
12/15/98 3,700 (S) $9.38
12/15/98 20,000 (S) $9.38
Page 13 of 13 Pages
