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                                                                   EXHIBIT 10.15

                [SIEGEL, SOMMERS & SCHWARTZ, L.L.P. LETTERHEAD]


                                January 17, 1997

Norman Abramson
The Clothestime, Inc.
5325 E. Hunter Avenue
Anaheim, CA 92807

Dear Norman:

In accordance with the discussions between you and the Official Committee of
Unsecured Creditors (the "Committee") of The Clothestime, Inc.
("Clothestime"), the Committee has agreed to the following relative to your
resignation as an employee, officer and director of Clothestime.

1. Provided that Clothestime's Chapter 11 proceedings are not converted to a
   Chapter 7 proceeding as a result of your actions or inactions, you will
   receive a lump sum payment of $365,000 plus an amount equal to two (2) weeks
   base salary at your base compensation immediately prior to your resignation,
   in full satisfaction of any and all claims you may have against Clothestime
   (including, but not limited to, such items as severance and salary) which
   amount shall be payable on the date when the Order (as defined herein)
   becomes a final non-appealable order. As used herein, the term "Order" shall
   mean the entry of an order approving the terms set forth in this letter by
   the United States Bankruptcy Court for the Central District of California in
   which the Clothestime proceedings are pending.

2. Effective immediately, you will cease working for Clothestime and will not be
   permitted access to any of Clothestime's premises, subject to reasonable,
   mutually satisfactory arrangements for you to receive your personal
   property. 

3. On or before 4:00 p.m. Pacific Standard Time on Friday, January 17, 1997, you
   will submit to counsel to Clothestime, a letter of your immediate resignation
   as an employee, officer and director of Clothestime.
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SIEGEL, SOMMERS & SCHWARTZ

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January 17, 1997
Norman Abramson


4.  When the Order becomes a final non-appealable order, Clothestime and you
    will exchange general releases. Notwithstanding any other provision of this
    letter agreement, you will not be deemed to have waived any of your existing
    rights to (a) indemnification or director or officer liability insurance
    coverage with respect to actions or inactions occurring prior to your
    resignation on January 17, 1997, and (b) elect continuing benefits coverage
    at your sole cost under COBRA.

5.  If the Order is not entered, the Committee agrees that you shall not be
    deemed to have resigned your positions with Clothestime, but instead to have
    been terminated without cause, as of January 17, 1997, and to have reserved
    all of your rights and claims in connection with such termination.

If this letter is in accordance with your understanding, please sign and date
below and return to me as soon as possible.


                                 Very truly yours,

                                 SIEGEL, SOMMERS & SCHWARTZ, L.L.P.
                                 Counsel to the Official Committee of Unsecured
                                 Creditors of The Clothestime, Inc.


                                 /s/ LAWRENCE C. GOTTLIEB
                                 --------------------------
                                 LAWRENCE C. GOTTLIEB

LCG:da

Above Agreed and Consented to:

/s/ NORMAN ABRAMSON
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Norman Abramson

Date:  Jan. 17, 1997
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       2:46 PM PST