US: Tween Brands back in NYSE compliance
Clothing retailer Tween Brands said it has received notification from the New York Stock Exchange that the company is now back in compliance.
Under the NYSE's continued listing standards Tween will be removed from its Watch List.
The reinstatement to compliance comes as a result of consistent positive performance, the company said.
"We are very happy to have quickly returned to compliance with the NYSE listing standards. The cornerstone of our business plan was the continued successful transition to the Justice store brand and we are pleased that our value message is reaching customers and they are acting on it," said Michael Rayden, Tween Brands chairman and chief executive officer.
The company will be subject to a 12-month follow-up period to ensure that it remains in compliance.
A hike in second quarter net sales on the back of a recent acquisition has helped Dress Barn swing to a net profit for the period....
- MYANMAR SNAPSHOT: Textile and apparel industry
- Alliance members buy more products from Bangladesh
- Clothing seen as central focus for new Tesco CEO
- Indian apparel exporters discuss policy changes
- Change management key to PLM project success
- Crystal Group improves worker communication
- TIMELINE: Charney ousting from American Apparel
- Columbia Sportswear fined for mislabelled clothing
- “Made in USA” company rapped for deceptive claims
- VF Corp books "solid" Q2 performance
- Global market review of denim and jeanswear – forecasts to 2020
- Management briefing: Sourcing shifts: Changes and challenges
- Ethiopia – the emerging textile and clothing industry
- American Eagle Outfitters, Inc. : Reacting to a need for change
- Plunkett's Apparel & Textiles Industry Almanac 2014: Apparel & Textiles Industry Market Research, Statistics, Trends & Leading Companies