Trans World Entertainment Corp. (TWMC) is one of the largest specialty retailers of entertainment products, an industry in decline. Despite decreasing industry-wide sales in most of the product categories carried by TWMC, the Company appears to be managing the decline well. One major factor contributing to TWMC's success is the reduction of competition. While this will help TWMC in the short run, longer term the Company will need to find new products to increase sales in order to provide customer and shareholder value.
2013 could prove to be a turning point for TWMC. According to the Q1 conference call, this was only the second profitable first quarter for the Company in the last decade or so....
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