Trans World Entertainment hits record low after sales plunge

Kaspien Holdings

29/08/2019 17:29

** Shares of Entertainment products retailer  TWMC.O  plunge
as much as 41.2% to record low of $3.12; on track for worst day
ever 
    ** Revenue falls 25.6% to $76 mln, but loss narrows to
$4.48/shr from $5.23/shr  urn:newsml:reuters.com:*:nGNX7xK0Z6
    ** Fye unit, which operates retail stores and e-commerce
sites and is the company's biggest business, posts 1.2% decline
in comparable store sales
    ** Etailz business, which operates as a third party
e-commerce marketplace reseller, saw a drop in revenue as a
result of termination of unprofitable vendors 
    ** More than 413,885 shares traded, 17.7x their 30-day
moving avg
    ** YTD, TWMC shares down ~58%

 (Reporting by Dominic Roshan K.L. in Bengaluru)
 ((Dominic.RoshanKL@thomsonreuters.com))