Mar. 10--Tween Brands has been notified by the New York Stock Exchange that it could be suspended from the exchange and delisted by the U.S. Securities and Exchange Commission for failing to maintain a market capitalization of at least $75 million over a 30-day period.

The New Albany-based retailer of girls' clothing said this morning it has 45 days to respond to the NYSE by submitting a business plan "demonstrating how the company will regain compliance within 18 months." If the plan is accepted, Tween will be subject to quarterly monitoring for compliance. If it is not accepted, the company's stock will be delisted by the SEC and suspended from trading on the NYSE.

Tween stock closed at $1.08 yesterday, down from a 52-week high of $27.46. It was up nearly 20 percent in late-morning trading today.

Shares have fallen in the past year on news of high-level executive departures as well as Tween's surprise plan announced last summer to close all its Limited Too stores in favor of the newer, lower-priced Justice chain.

mrose@dispatch.com

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