Trans World Entertainment Announces Annual and Fourth Quarter Results
TRANS WORLD ENTERTAINMENT (TWMC)
US:NASDAQ Investor Relations:
twec.com
Company Research
Source: GlobeNewswire
ALBANY, N.Y., March 22, 2018 (GLOBE NEWSWIRE) -- Trans World Entertainment Corporation (Nasdaq:TWMC) today announced results for the 14-week Fourth Quarter (“Fourth Quarter”) and 53-week year ended February 3, 2018 (“Fiscal 2017”), as compared to the 13-week Fourth Quarter (“Fourth Quarter 2016”) and 52-week year ended January 28, 2017 (“Fiscal 2016”). “We are pleased with the strong sales results for the etailz segment. etailz revenue increased 36% from the comparative quarter in Fiscal 2016 and contributed 37% of total consolidated revenue. We are even more encouraged about the value afforded by etailz. There is continued growth opportunity in the existing model, as well as a number of additional channels of future potential. In the fye segment, efforts to change our merchandise point of view based on unique, relevant, collaborative and exclusive merchandise have shown promise but not yet consistency. We will continue to build upon this promise as part of the ongoing reinventi
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