Dive Brief:

• Delia’s Inc. says it is exploring a sale or merger after receiving interest about a takeover.

• In light of that interest, the retailer is exploring those possibilities as well as opportunities for debt and equity financing, the company said.

• The company has stated in a filing that it may not have enough cash to survive the year.

Dive Insight:

Delia’s has struggled since its hey-day in the '90s, with many of its catalogs from that era receiving more buzz than its current ones do. Hurt by declines in mall traffic, declining sales, and a dearth of cash, the retailer is struggling and finding it difficult to plan for the future. An acquisition could help the company and buy it some time to turn things around.