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 4, 2006

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.)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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 4, 2006, Trans World Entertainment Corporation issued a press release announcing sales results for the five and nine-week periods ended December 31, 2005. 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

Exhibit
No.		Description

99.1		Trans World Entertainment Company Press Release dated January 4, 2006.

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: January 4, 2006	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 Company Press Release dated January 4, 2006.

Exhibit 99.1

		Contact:		*Contact:*
		Trans World Entertainment John J. Sullivan EVP, Chief Financial Officer (518) 452-1242 ext. 7400		The MWW Group Rich Tauberman rtauberman@mww.com (201) 507-9500

38 Corporate Circle

Albany, NY 12203

www.twec.com

NEWS RELEASE

TRANS WORLD ENTERTAINMENT REPORTS A 7% DECLINE IN COMPARABLE STORE

SALES FOR THE HOLIDAY SEASON

Albany, NY, January 4, 2006 – Trans World Entertainment Corporation (NASDAQ: TWMC) today reported a comparable store sales decrease of 7% for the five-week period ended December 31, 2005. For the nine-week period ended December 31, 2005, comparable store sales decreased 8%. The Company operated 798 stores this year compared to 851 stores last year. Total sales for the five-week period decreased 9% to $284 million compared to $312 million for the same period last year. Total sales for the nine-week period were $380 million compared to $427 million for the same period last year, a decrease of 11%.

“Sales for the quarter have been affected by a general weakness in our industry,” commented Robert J. Higgins, Chairman and Chief Executive Officer of Trans World Entertainment. “Based on our disappointing holiday sales performance, we expect to report lower earnings for fiscal 2005 of break-even to $0.05 per share compared to the previously disclosed range of $0.25 to $0.30 per share.”

For the eleven-month period ended December 31, 2005, comparable store sales decreased 6%. Total sales for the period decreased 9% to $1.160 billion compared to $1.279 billion during the same period last year.

Trans World will host a teleconference call today, Wednesday, January 4, 2006, at 10:00 AM ET to discuss the holiday sales results. Interested parties can listen to the simultaneous webcast on the Company’s corporate website, www.twec.com.

Trans World Entertainment is a leading specialty retailer of music, video and video game products. The Company operates about 800 retail stores in 46 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and e-commerce sites, www.fye.com, www.coconuts.com, www.wherehouse.com and www.secondspin.com. In addition to its mall locations, operated primarily under the f.y.e brand, the Company also operates freestanding locations under the names Coconuts Music and Movies, Strawberries Music, Wherehouse, CD World, Spec’s, Second Spin, Streetside Records, and Planet Music.

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.