Saturday, August 20, 2016
Trans World Entertainment Narrows Q2 Loss
Trans World Entertainment Corp. Aug. 20 reported a second-quarter (ended Aug. 1) net loss of $3 million, down $2.1 million from a loss off $5.1 million during the prior-year period. Revenue decreased 6.2% to $67.5 million, compared with $71.9 million a year ago. At the end of the quarter, TWE operated 308 stores, compared with 327 stores at the same time a year ago, a 5.8% decline.
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