PLAINFIELD, Ind., July 21

Mr. Holman was most recently President and Chief Operating Officer of Bloomingdale’s, a division of Federated Department Stores, a position he held for the past three years. Prior to that he was President and Chief Operating Officer at Richs-Lazarus-Goldsmiths, another division of Federated Department Stores. Before that he held executive positions with Petrie Retail, Inc., Woodward & Lothrop, Carter Hawley Hale, Neiman Marcus and Macy’s Midwest.

Mr. Mang stated: “We are extremely fortunate to attract an executive of Ed’s caliber to Galyan’s. His background and portfolio of experience is an ideal fit with Galyan’s and his appointment significantly strengthens our management team. I look forward to working with Ed as we refine our operations and continue to expand our concept.”

Mr. Holman stated: “I am excited to join the Galyan’s team. I have long been an admirer of the Galyan’s brand and its growth potential. Galyan’s has a unique position in the specialty retail sector with a concept that clearly differentiates it from the competition. I look forward to the opportunity to further identify and execute those strategies that will increase Galyan’s dominance in the market place.”

About Galyan’s Sports and Outdoor Adventure

Galyan’s is a specialty retailer that offers a broad range of products that appeal to consumers with active lifestyles, from the casual consumer to the serious sports enthusiast. Galyan’s operates 37 stores in 17 states and offers outdoor and athletic equipment, apparel, footwear and accessories, as well as casual apparel and footwear.