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. |
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 $423 million during the same period last year. The Company operated an average of 6% fewer stores during the eleven-month period as compared to last year.
Trans World Entertainment is a leading specialty retailer of entertainment products, including video, music, electronics, trend, video games and related products. The Company operates retail stores in the United States, the District of Columbia, and Puerto Rico, primarily under the names f.y.e. for your entertainment and Suncoast and on the web at www.fye.com, www.wherehouse.com, and www.secondspin.com.
Certain statements in this release set forth management's intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.
/&+&`'$FRY$%I4ER97,G2(XI!+6/*E'C*A929.',F'.0B
M2RN=0(%*<>%"95",SYR14NIL5-.G3J-";8IL5%6H5ZU*U5HUZ].EI*@Y>T:J
M&BFB+@19JV;-VC5KV*X=A0AM%*F[>//JW