UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                                (Amendment No. )*

                                    Too, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, $.01 Par Value Per Share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    890333107
                                    ---------
                                 (CUSIP Number)

                                February 6, 2006
                                ----------------
                      (Date of Event which Requires Filing
                               of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                                [ ] Rule 13d-1(b)
                                [X] Rule 13d-1(c)
                                [ ] Rule 13d-1(d)


  *The remainder of this cover page shall be filled out for a reporting person's
  initial filing on this form with respect to the subject class of securities,
  and for any subsequent amendment containing information which would alter the
  disclosures provided in a prior cover page.

  The information required on the remainder of this cover page shall not be
  deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
  Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
  the Act but shall be subject to all other provisions of the Act (however, see
  the Notes).


                                  Page 1 of 8





--------------------------------------------          --------------------------
CUSIP No. 890333107                            13G    Page  2  of  8  Pages
--------------------------------------------          --------------------------

---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. Capital Advisors, LLC
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [ ]
                                                                     (b) [X]
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
       NUMBER OF      ----- ----------------------------------------------------
        SHARES           6  SHARED VOTING POWER
     BENEFICIALLY
        OWNED               907,500* (see Item 4)
         BY           ----- ----------------------------------------------------
        EACH             7  SOLE DISPOSITIVE POWER
     REPORTING
     PERSON WITH            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            907,500* (see Item 4)
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           907,500* (see Item 4)
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]

---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           2.7% (see Item 4)
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- ---------------------------------------------------------------------
                       *SEE INSTRUCTION BEFORE FILLING OUT

                                  Page 2 of 8




--------------------------------------------          --------------------------
CUSIP No. 890333107                            13G    Page  3  of  8  Pages
--------------------------------------------          --------------------------

---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. Capital Management, LLC
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [ ]
                                                                     (b) [X]
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
      NUMBER OF      ----- ----------------------------------------------------
       SHARES            6  SHARED VOTING POWER
     BENEFICIALLY
        OWNED               907,500* (see Item 4)
         BY           ----- ----------------------------------------------------
        EACH             7  SOLE DISPOSITIVE POWER
     REPORTING
     PERSON WITH            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            907,500* (see Item 4)
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           907,500* (see Item 4)
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]

---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           2.7% (see Item 4)
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- ---------------------------------------------------------------------
                       *SEE INSTRUCTION BEFORE FILLING OUT

                                  Page 3 of 8


--------------------------------------------          --------------------------
CUSIP No. 890333107                            13G    Page  4  of  8  Pages
--------------------------------------------          --------------------------

---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Steven A. Cohen
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [ ]
                                                                     (b) [X]
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           United States
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
      NUMBER OF       ----- ----------------------------------------------------
       SHARES            6  SHARED VOTING POWER
     BENEFICIALLY
        OWNED               907,500* (see Item 4)
         BY           ----- ----------------------------------------------------
        EACH             7  SOLE DISPOSITIVE POWER
     REPORTING
     PERSON WITH            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            907,500* (see Item 4)
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           907,500* (see Item 4)
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]

---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           2.7% (see Item 4)
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IN
---------- ---------------------------------------------------------------------
                       *SEE INSTRUCTION BEFORE FILLING OUT

                                  Page 4 of 8



Item 1(a)           Name of Issuer:
                    --------------

                    Too, Inc.

Item 1(b)           Address of Issuer's Principal Executive Offices:
                    -----------------------------------------------

                    8323 Walton Parkway
                    New Albany, OH 43054

Items 2(a)          Name of Person Filing:
                    ----------------------

                    This statement is filed by: (i) S.A.C. Capital Advisors,
                    LLC, ("SAC Capital Advisors") with respect to shares of
                    common stock ("Shares") of the Issuer beneficially owned by
                    S.A.C. Capital Associates, LLC ("SAC Capital Associates")
                    and S.A.C. Select Fund, LLC ("SAC Select"); (ii) S.A.C.
                    Capital Management, LLC, ("SAC Capital Management") with
                    respect to Shares beneficially owned by SAC Capital
                    Associates and SAC Select; and (iii) Steven A. Cohen with
                    respect to Shares beneficially owned by SAC Capital
                    Advisors, SAC Capital Management, SAC Capital Associates and
                    SAC Select.

Item 2(b)           Address of Principal Business Office:
                    -------------------------------------

                    The address of the principal business office of (i) SAC
                    Capital Advisors and Mr. Cohen is 72 Cummings Point Road,
                    Stamford, Connecticut 06902 and (ii) SAC Capital Management
                    is 540 Madison Avenue, New York, New York 10022.

Item 2(c)           Citizenship:
                    ------------

                    SAC Capital Advisors and SAC Capital Management are Delaware
                    limited liability companies. Mr. Cohen is a United States
                    citizen.

Item 2(d)           Title of Class of Securities:
                    -----------------------------

                    Common Stock, par value $.01 per share

Item 2(e)           CUSIP Number:
                    -------------

                    890333107

Item 3              Not Applicable

                                  Page 5 of 8


Item 4              Ownership:
                    ----------

                    The percentages used herein are calculated based upon the
                    Shares issued and outstanding as of December 6, 2005 as
                    reported on the Issuer's quarterly report on Form 10-Q filed
                    with the Securities and Exchange Commission by the Company
                    for the quarterly period ended October 29, 2005.

                    As of the close of business on February 15, 2006:

                    1. S.A.C. Capital Advisors, LLC
                    (a)    Amount beneficially owned: 907,500*
                    (b)    Percent of class: 2.7%
                    (c)(i) Sole power to vote or direct the vote: -0-
                    (ii)   Shared power to vote or direct the vote: 907,500*
                    (iii)  Sole power to dispose or direct the disposition: -0-
                    (iv)   Shared power to dispose or direct the disposition:
                           907,500*

                    2. S.A.C. Capital Management, LLC
                    (a)    Amount beneficially owned: 907,500*
                    (b)    Percent of class: 2.7%
                    (c)(i) Sole power to vote or direct the vote: -0-
                    (ii)   Shared power to vote or direct the vote: 907,500*
                    (iii)  Sole power to dispose or direct the disposition: -0-
                    (iv)   Shared power to dispose or direct the disposition:
                           907,500*

                    3. Steven A. Cohen
                    (a)    Amount beneficially owned: 907,500*
                    (b)    Percent of class: 2.7%
                    (c)(i) Sole power to vote or direct the vote: -0-
                    (ii)   Shared power to vote or direct the vote: 907,500*
                    (iii)  Sole power to dispose or direct the disposition: -0-
                    (iv)   Shared power to dispose or direct the disposition:
                           907,500*

                    * The number of shares reported herein includes options held
                    by SAC Capital Associates on 150,000 Shares.

                    SAC Capital Advisors, SAC Capital Management and Mr. Cohen
                    own directly no Shares. Pursuant to investment agreements,
                    each of SAC Capital Advisors and SAC Capital Management
                    share all investment and voting power with respect to the
                    securities held by SAC Capital

                                  Page 6 of 8



                    Associates and SAC Select. Mr. Cohen controls each of SAC
                    Capital Advisors and SAC Capital Management. By reason of
                    the provisions of Rule 13d-3 of the Securities Exchange Act
                    of 1934, as amended, each of SAC Capital Advisors, SAC
                    Capital Management and Mr. Cohen may be deemed to own
                    beneficially 907,500* Shares (constituting 2.7% of the
                    Shares outstanding). Each of SAC Capital Advisors, SAC
                    Capital Management and Mr. Cohen disclaim beneficial
                    ownership of any of the securities covered by this
                    statement.

Item 5              Ownership of Five Percent or Less of a Class:
                    --------------------------------------------

                    If this statement is being filed to report the fact that as
                    of the date hereof the reporting person has ceased to be the
                    beneficial owner of more than five percent of the class of
                    securities, check the following.    [X]

Item 6              Ownership of More than Five Percent on Behalf of Another
                    --------------------------------------------------------
                    Person:
                    -------

                    Not Applicable

Item 7              Identification and Classification of the
                    ----------------------------------------
                    Subsidiary Which Acquired the Security Being
                    --------------------------------------------
                    Reported on By the Parent Holding Company:
                    -----------------------------------------

                    Not Applicable

Item 8              Identification and Classification of Members
                    ---------------------------------------------
                    of the Group:
                    ------------

                    Not Applicable


Item 9              Notice of Dissolution of Group:
                    ------------------------------

                    Not Applicable

Item 10             Certification:
                    --------------

         By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.

                                  Page 7 of 8



                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated:  February 16, 2006


S.A.C. CAPITAL ADVISORS, LLC


By: /s/ Peter Nussbaum
    ---------------------------
Name:  Peter Nussbaum
Title: Authorized Person


S.A.C. CAPITAL MANAGEMENT, LLC


By: /s/ Peter Nussbaum
    ---------------------------
Name:  Peter Nussbaum
Title: Authorized Person


STEVEN A. COHEN


By: /s/ Peter Nussbaum
    ---------------------------
Name:  Peter Nussbaum
Title: Authorized Person

                                  Page 8 of 8