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The company's net sales for the second quarter of fiscal 2009 decreased 8.1% to $205.1 million, compared to $223.1 million in the same quarter of fiscal 2008. For the six months ended August 1, 2009, the company has reported a net loss of $4.24 million or $0.17 per diluted share, compared to a net loss of $2.4 million or $0.10 per diluted share in the same period of fiscal 2008. Net sales for the first half of fiscal 2009 were $410.35 million, compared to $474.84 million in the first half of fiscal 2008. Michael Rayden, chairman and CEO of Tween Brands, said: "While we faced the ongoing headwind of a tough economy, our business began to show improvement in the second quarter, particularly as the period progressed. "The increased marketing efforts we had planned for the second quarter were meaningfully launched in June which, when combined with the positive response we have had to our back to school merchandise, allowed us to significantly improve comp store sales trends when compared to our first quarter of 2009." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon For full details on Tween Brands Inc (TWB) click here. Tween Brands Inc (TWB) has Short Term PowerRatings of 5. Details on Tween Brands Inc (TWB) Short Term PowerRatings is available at This Link.
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