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February 08, 2016 9:06 PM ET

Specialty Retail

Company Overview of Tween Brands Inc.

Company Overview

Tween Brands Inc. is a specialty retailer for “tween” (8- to 12-year-old) girls in the U.S. It primarily operates two specialty retailing concepts under the Limited Too and Justice brands. The company sells apparel, such as jeans, skirts, shorts, dresses, and outerwear, as well as accessories. Tween Brands also makes footwear and lifestyle products, including bedroom furnishings, music, and age-appropriate cosmetics and toiletries. As of Feb. 3, 2007, it had 563 Limited Too stores in 46 states and Puerto Rico and 159 Justice stores in the U.S.; the company also licensed approximately 22 Limited Too stores in Saudi Arabia, Kuwait, the United Arab Emirates, and Qatar. Tween Brands was founded ...

8323 Walton Parkway

New Albany, OH 43054

United States

Founded in 1987

3,350 Employees

Phone:

614-775-3500

Fax:

614-775-3942

Key Executives for Tween Brands Inc.

Chief Executive Officer and President
Age: 57
Chief Financial Officer and Vice President of Finance
President of Tween Brands Agency
Age: 53
Senior Vice President and General Counsel
Age: 60
Chief Merchandising Officer and Executive Vice President
Age: 57
Compensation as of Fiscal Year 2015.

Tween Brands Inc. Key Developments

Court to Notify $50.8 Million Class Action Settlement with Tween Brands, Inc. and Ascena Retail Group, Inc

A notification program began, as ordered by the United States District Court for the Eastern District of Pennsylvania, to alert current and former Justice customers about a $50.8 million proposed class action settlement with Tween Brands Inc. and Ascena Retail Group Inc. (Justice). This settlement resolves a class action lawsuit about whether Justice misled shoppers by marking items 40% off when this price was in reality the regular price. Justice denies all of the claims and says that it did nothing wrong. Notices will be sent directly to potential Settlement Class Members and will appear in nationwide media outlets leading up to a hearing on May 20, 2016, when the Court will consider whether to grant final approval to the settlement. The Settlement Class includes individuals who purchased merchandise from Justice between January 1, 2012 and February 28, 2015. This includes individuals who purchased merchandise at a Justice store as well as those who purchased merchandise from Justice by phone or online. Ohio residents who purchased merchandise from Justice stores in Ohioonly between July 1, 2012 and August 31, 2014 are not included in the Settlement Class because of a prior settlement in the Ohio State class action, Perez v. Tween Brands Inc., No. 14-CV-00119, Court of Common Pleas, Lake County, Ohio.

Michael W. Rayden to Retire as President and CEO of Tween Brands, Inc. at the End of January 2015

Ascena Retail Group, Inc. announced that Michael W. Rayden, President and CEO of Ascena's Justice & Brothers subsidiary has announced his retirement and will step down at the end of January 2015. Ascena has started a global search for a President and CEO of Justice and Brothers which will be conducted by Herbert Mines Associates.

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