Trans World Entertainment Corporation (Trans World) is one of the largest specialty retailers of entertainment products, including trend, video, music, electronics and related products in the United States. Company operates business through two business segments: For Your Entertainment Segment (fye) and etailz.
Company’s fye segment is engaged in operating retail stores and two e-commerce sites. As of February 2018, company operated 260 stores totaling approximately 1.4 million square feet in the United States, the District of Columbia and the U.S. Virgin Islands predominantly under the For Your Entertainment brand. This segment operates two retail web sites including www.fye.com and www.secondspin.com. ITS fye.com is A flagship site and carries entertainment products, including trend, video, music, electronics and related products. SecondSpin.com sells used CDs, DVDs, Blu-Ray and video games online and carries one of the largest catalogs of used media available online.
Trans World’s etailz segment operates as a third-party e-commerce market place (Digital Marketplace) reseller. It operates an e-commerce platform where online retailers enable third party sellers’ access to their website and customer base to sell various merchandise. Its digital marketplaces allow consumers to shop from a variety of merchants in one place and have become an integral part of many e-commerce sellers’ businesses, including Amazon.com, Walmart/Jet.com and ebay.
For the fiscal year ended January 2018, company’s revenue increased 25.3% to $442.9 million compared to $353.5 million in fiscal 2017, driven by $174.5 million in revenue from etailz.
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