Trans World Entertainment Holiday Sales Fall 17%3 Jan, 2013 By: Erik Gruenwedel
Trans World Entertainment Corp. Jan. 3 said sales during the nine-week winter holiday period reached $128 million, down 17% from sales of $154 million during the previous-year period.
New York-based Trans World operates 376 f.y.e. (For Your Entertainment) retail locations nationwide, specializing in movies and music, in addition to Second Spin used packaged media stores and related websites.
For the 11-month period ended Dec. 29, 2012, comparable store sales decreased 1%. Total sales for the period decreased 16% to $423 million compared with $505 million during the same period last year.
The company operated an average of 14% fewer stores during the nine-week period as compared with last year.
Trans World, which opened a new store in Maryland prior to the holidays, ends its fourth quarter Jan. 26.