Trans World records Q1 loss

Albany, N.Y. Trans World Entertainment Corp. reported Thursday it lost $13.7 million in the first quarter, compared with a net loss of $11.8 million for the same period last year.

Last year's results include a $3.1 million gain from the sale of the company's distribution center facility in Canton, Ohio.

For the first quarter, total sales decreased 18% to $191.4 million. Comp-store sales for the quarter decreased 9%. During the quarter, the company operated an average of 709 stores compared with 806 stores last year, a 12% decline.

Trans World Entertainment operates retail stores primarily under the names f.y.e. and Suncoast.