0000930413-14-000106.txt : 20140109 0000930413-14-000106.hdr.sgml : 20140109 20140109153152 ACCESSION NUMBER: 0000930413-14-000106 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140109 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140109 DATE AS OF CHANGE: 20140109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANS WORLD ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000795212 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL- COMPUTER & PRERECORDED TAPE STORES [5735] IRS NUMBER: 141541629 STATE OF INCORPORATION: NY FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14818 FILM NUMBER: 14518719 BUSINESS ADDRESS: STREET 1: 38 CORPORATE CIRCLE CITY: ALBANY STATE: NY ZIP: 12203 BUSINESS PHONE: 5184521242 MAIL ADDRESS: STREET 1: 38 CORPORATE CIRCLE CITY: ALBANY STATE: NY ZIP: 12203 FORMER COMPANY: FORMER CONFORMED NAME: TRANS WORLD MUSIC CORP DATE OF NAME CHANGE: 19920703 8-K 1 c76104_8k.htm

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): January 9, 2014

 

 

 

TRANS WORLD ENTERTAINMENT
CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

New York   0-14818   14-1541629
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
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.)
         

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 2.02.   RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On January 9, 2014, Trans World Entertainment Corporation issued a press release announcing its holiday sales results.  A copy of Trans World Entertainment Corporation’s press release is furnished with this report as Exhibit 99.1, and is incorporated herein by reference.

 

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K is being furnished under Item 2.02 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

 

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 January 9, 2014.

 

 

2


 

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.

 

Date: January 9, 2014 TRANS WORLD ENTERTAINMENT
CORPORATION
         
  /s/ John Anderson  
  John Anderson  
  Chief Financial Officer  
   
   

 

 

 

3


 


 

 

EXHIBIT INDEX

 

Exhibit No. Description
   
99.1 Trans World Entertainment Corporation Press Release dated January 9, 2014.

 

 

 


EX-99.1 2 c76104_ex99-1.htm

38 Corporate Circle

Albany, NY 12203

Contact: Contact:

Trans World Entertainment

John Anderson

Chief Financial Officer

(518) 452-1242

Contact: Contact:

Financial Relations Board

Marilynn Meek

(mmeek@frbir.com)

(212) 827-3773

www.twec.com

NEWS RELEASEE

 

TRANS WORLD ENTERTAINMENT ANNOUNCES HOLIDAY SALES RESULTS
Comparable store sales decline 5.4% for December

 

Albany, NY, January 9, 2014 – Trans World Entertainment Corporation (NASDAQ: TWMC) today reported a comparable store sales decrease of 5.4% for the five-week period ended January 4, 2014. Comparable store sales for the nine-week period ended January 4, 2014 decreased 6.0%. Total sales for the nine-week period were $115 million compared to $128 million for the same period last year, a decrease of 10.2%. The Company operated an average of 5% fewer stores during the nine-week period as compared to last year.

For the eleven-month period ended January 4, 2014, comparable store sales decreased 5.1%. Total sales for the period decreased 12.5% to $370 million compared to $423 million during the same period last year. The Company operated an average of 6% fewer stores during the eleven-month period as compared to last year.

Trans World Entertainment is a leading specialty retailer of entertainment products, including video, music, electronics, trend, video games and related products. The Company operates retail stores in the United States, the District of Columbia, 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, and www.secondspin.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.

 


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