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Music Drops 21% in Q4 and 24% in 2008 at Trans World
Tuesday, March 10, 2009Trans World, operator of f.y.e. and other entertainment chains, reported dismal earnings in Q4 2008 (read earnings release and earnings call transcript). Total Q4 sales were down 24% to $344.7 million while comp store sales were down 14%. For fiscal 2008, sales were down 21% to $988.0 million while comp store sales were down 11%. (Comp store numbers are much better due to the high number of stores...
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