Casual Male Retail Group, Inc. -- Formerly Designs, Inc. -- Indicates Intention to Conduct Rights Offering of Its Loss Prevention Subsidiary.

Business Editors

CANTON, Mass.--(BUSINESS WIRE)--Aug. 12, 2002

Casual Male Retail Group, Inc. (formerly Designs, Inc.) (Nasdaq/NMS: "CMRG"), retail brand operator of Casual Male Big & Tall, Levi's(R) Outlet by Designs, Dockers(R) Outlet by Designs, Candies(R) and Ecko Unltd.(R) outlet stores, indicated its intention, subject to market and other conditions, to conduct a rights offering resulting in a divesture of its loss prevention services subsidiary, referred to as LPI. In the rights offering, common stock of LPI is expected to be offered for purchase to stockholders of Casual Male Retail Group, Inc. The shares of LPI common stock have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent such registration and compliance with any applicable state securities laws.

This announcement does not constitute an offer to sell or a solicitation of offers to buy any security and shall not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful. This press release is being issued in accordance with Rule 135 under the Securities Act of 1933, as amended.