The company was founded by Philip Rounick and Emma
Weiner opened their first store under the name JOY
Hosiery in Philadelphia, Pennsylvania in 1932. JOY
Hosiery initially sold reasonably priced hosiery,
lingerie, and foundations in a wide variety of styles.
In 1939, it added nylon stockings to its inventory
when those became available.
The company expanded in the Philadelphia area in
the 1950s. Company Co-Founder Philip Rounick's son,
Marvin Rounick, became more involved in the management
of the company joining in 1961. Co-Founder Aaron
Weiner's son, Warren Weiner, followed suit in 1965.
During this time, the company observed the new phenomenon
of suburban growth and construction of shopping
malls. They responded by opening stores in several
locations making them larger and offering more merchandise.
In the 1970's, Marvin Rounick and Warren Weiner
closed most of the neighborhood stores and focused
on opening larger stores in
The chain was also renamed Deb Shops and re-focused
on women's and girls' clothing.
The company was listed on the NASDQAQ Exchange under
the ticker symbol DEBS. However, it was removed
from the exchange after being acquired in 2007 by
the investment firm of
Lee Equity Partners for $395 million, or $27.25