Levitz Names CFO

Woodbury, NY, June 19, 2006--Levitz Furniture announced the appointment of Kathy Guinnessey to the position of chief financial officer. Guinnessey has nearly 25 years of experience ranging from financial planning and analysis to capital structure and debt issuance. Guinnessey will oversee finance, accounting, financial planning and analysis internal audit, payroll, treasury and loss prevention, and will report directly to Baumlin. "We are delighted that Kathy has chosen to join our team at Levitz," said Baumlin. "Kathy's reputation and credibility in the financial community and expertise in the retail industry strengthens our management team as we continue to make significant progress revitalizing the Levitz brand." Having most recently served as leader of tax, treasury and investor relations at Dun & Bradstreet, Guinnessey's retailing roots include significant financial roles at both Footstar, Inc., and Lechter's. She began her career with Manufacturer's Hanover Trust and subsequently moved to Marsh & McClennan. Guinnessey was recruited to the Maxwell MacMillan Group and later to GAF Corporation where she served as vice president and treasurer before joining Lechter's. She holds a BA from Rutgers and an MBA in finance from Fordham.

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