COLUMBUS, Ohio (AP) – Tween Brands’ announcement yesterday that its president is leaving is another high-level departure by the girls’ specialty retailer — which has struggled in recent quarters with slowing clothing sales.
Tween Brands sells apparel for girls ages seven to 14 under the Limited Too and Justice names. The New Albany-based company says Kenneth Stevens will step down on June 27th.
Limited Too President Jill Dean left in March, and Tween Brands chief financial officer Paul Carbone resigned in February.
Tween Brands shares fell $1.47, or 7.7%, today to $17.58.
RBC Capital Markets analyst Howard Tubin says Stevens’ departure is a loss for the company and is likely related to the recent hiring of a new chief financial officer, as well as last week’s release of first quarter results.
On the Net:
Tween Brands Inc.: http://www.tweenbrands.com/
