ALBANY, NY (Hypebot) –
Fewer stores means less goods sold, and that was certainly the case as the downward music retail spiral continued with losses at Trans World and its shrinking f.y.e chain falling another 24% to $344.7 million in the last quarter compared to $451.5 million in 2007. Same store sales for the quarter dropped 14%. During the quarter, TW operated just 763 stores compared to 922 stores the previous year.
For the fourth quarter of 2008, the Trans World recorded a net loss of $9.4 million as part of the fiscal year 2008 where total sales decreased 22%. Comparable store sales for the fiscal year decreased 11%.
