Struggling retailer Body Central Corp. has hired an investment bank to pursue strategic alternatives.

The company announced on April 23 that it tapped Houlihan Lokey Capital Inc. to pursue a range of financing, transactional and strategic alternatives. Houlihan Lokey's Derek Pitts and Subhi Gupta are acted as financial advisers. Body Central says it won't disclose developments until and unless the board of directors approves a transaction. The company has appointed a special committee for the exploration process. 

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