Fiscal Loss at Trans World
Albany, N.Y., Trans World Entertainment Corp. reported total sales of $270 million for its third quarter ended Oct. 30, 2004, compared to $268.5 million for the same period last year. Same-store sales fell 2%. For the quarter, the net loss was $4.6 million or 14? per share compared to a net loss of $5.9 million or 16? per share for the same period in 2003.
"While games performed very well, reflecting the improvements we have made to product selection and merchandising, sales in our music and video categories were slightly below expectations," said Robert J. Higgins, chairman and CEO, Trans World. The retailer operates approximately 850 stores under several banners, including FYE and Coconuts Music and Movies.