$1.52
0.04 (+2.70%)
Trans World Entertainment Corp (TWMC)
CAPS Rating:
The Company operates retail stores and five e-commerce sites and is retailers of entertainment software, including music, home video, and video games and related products in the United States.
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I used to work for TWEC and it's a horribly misrun company.
Their overall management strategies include "Throw everything against the wall and see if it sticks", "buy up small, failing competitors and burden yourself with debt".
Their business is in CD's, primarily. As of now, they have 5% of the market. Borders and Barnes & Noble each have a larger market share than that.
Best Buy, Wal*Mart and iTunes are crushing TWEC.
They have failed to show any innovation, given the current market trends of online music/downloading, etc.
Stores are closing around the country.
I give this retailer as a whole 5 years before going belly up.