| Business Summary | | Trans
World
Entertainment
Corporation
operates
a
chain
of
retail
entertainment
stores
and
an
e-commerce
site.
The
Company
is
a
specialty
retailer
of
compact
discs,
prerecorded
audiocassettes,
prerecorded
videocassettes,
digital
versatile
discs
(DVDs)
and
related
products
in
the
United
States.
The
Company
stocks
and
promotes
brand
name
blank
audiocassettes,
compact
discs
and
videocassette
tapes,
as
well
as
accessory
merchandise
for
compact
discs,
audiocassettes
and
videocassettes,
including
maintenance
and
cleaning
products,
storage
cases,
portable
electronics
and
headphones.
The
Company
also
features
video
games,
consumer
electronics
and
boutique
items.
As
of
February
3,
2001,
the
Company
operated
984
stores,
totaling
approximately
5.3
million
square
feet
in
46
states,
the
District
of
Columbia,
Puerto
Rico
and
the
United
States
Virgin
Islands,
with
the
majority
of
its
stores
concentrated
in
the
eastern
half
of
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Trans
World
is
a
specialty
retailer
of
music
and
video
products.
As
of
2/01,
the
Company
operated
984
stores
totaling
5.3
million
square
feet
in
46
states,
the
District
of
Columbia,
the
Virgin
Islands
and
Puerto
Rico.
For
the
13
weeks
ended
5/5/01,
revenues
fell
less
than
1%
to
$309.1
million.
Net
loss
totaled
$2.1
million
vs.
an
income
of
$9
million.
Revenues
reflect
decreased
comparable-store
sales.
Net
loss
reflects
an
increase
in
SG&A
expenses. Recent Earnings Announcement For
the
13
weeks
ended
08/04/2001,
revenues
were
294,600;
after
tax
earnings
were
-4,000. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Robert Higgins, 59 Chairman,
Pres, CEO | $1.2M | John Sullivan, 48 CFO,
Sr. VP-Fin., Treasurer | 257K | Laurie Clark, 39 Exec.
VP of Merchandising and Marketing | 322K | Bruce Eisenberg, 41 Sr.
VP- Real Estate | 257K | Matthew Mataraso, 71 Sec. | -- | Dollar
amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|