Retail Rumblings

Trans World will be completely out of business in the next 18-24 months. The consumer has zero tolerance for premiums on media, are shopping less frequently at regional/super regional centers and are downloading their music and movies.

Trans World Entertainment Closing 161 Stores

By End of January, TransWorld's Fleet of Stores will be Half the Size it was in 2006

Trans World Entertainment Corp. continues to whittle down its store fleet. By the end of its fiscal year (the end of this January), Transworld expects to have closed 161 stores during the prior 12 months, according to the Albany Business Review. This follows 101 store closures in fiscal 2008. Following this latest closure effort, Trans World would be left with 553 stores. Trans World hit a peak store count of 1,091 in 2006, following its acquisition of Musicland.

The majority of Trans World's stores are F.Y.E., but its portfolio also includes Saturday Matinee, Coconuts, Spec's and Wherehouse Music. According to CoStar Tenant, the typical F.Y.E. store is 3,000 square feet and located in an enclosed mall.