8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 2, 2010

TRANS WORLD ENTERTAINMENT CORPORATION

(Exact name of registrant as specified in its charter)

New York	0-14818	14-1541629
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	identification No.)

38 Corporate Circle, Albany, New York	12203
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (518) 452-1242

None

(Former name or former address, if changed since last report.)

Item 8.01. Other Events

On August 2, 2010, the Company issued a press release announcing the expiration of the Company’s Shareholders Rights Plan, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits

          (c)EXHIBITS. The following are furnished as Exhibits to this Report:

Exhibit
No. Description

99.1 Trans World Entertainment Corporation Press Release dated August 2, 2010.

SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	TRANS WORLD ENTERTAINMENT CORPORATION
Date: August 2, 2010	/s/ John J. Sullivan
	John J. Sullivan
	Executive Vice President-Finance, Chief
	Financial Officer and Secretary

EXHIBIT INDEX

Exhibit
No. Description

99.1 Trans World Entertainment Corporation Press Release dated August 2, 2010.

EX-99.1

Exhibit 99.1

	Contact: Trans World Entertainment John J. Sullivan EVP, Chief Financial Officer (518) 452-1242	Contact: Financial Relations Board Marilynn Meek (mmeek@frbir.com) (212) 827-3773
38 Corporate Circle
Albany, NY 12203

www.twec.com	NEWS RELEASE
TRANS WORLD ENTERTAINMENT ANNOUNCES EXPIRATION OF SHAREHOLDERS RIGHTS AGREEMENT

          Albany, NY, August 2, 2010 — Trans World Entertainment Corporation (Nasdaq: TWMC) today announces that the Company’s Shareholders Rights Plan expired in accordance with its terms on July 31, 2010. The Company currently does not have any plans to adopt a new shareholders’ rights plan.

          Robert J. Higgins, Trans World’s Chairman and Chief Executive Officer, said, “The Board’s actions are part of Trans World’s corporate governance policies and practices, and followed an in-depth evaluation of the issue by the Board and careful consideration of shareholder sentiment.”

          Trans World Entertainment is a leading specialty retailer of entertainment software, including music, video and video games and related products. The Company operates retail stores in the United States, the District of Columbia, the U.S. Virgin Islands, and Puerto Rico, primarily under the names f.y.e. for your entertainment and Suncoast and on the web at www.fye.com, www.wherehouse.com, www.secondspin.com and www.suncoast.com.

Certain statements in this release set forth management’s intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.