Physical Media’s ‘Accelerated Decline’ Blamed for FYE's 16.4% Q4 Sales Decrease
Q4 sales in Trans World Entertainment’s FYE retail segment fell 16.4 percent to $92.4 million due to “declining mall traffic” and the “general accelerated decline in the physical media business,” said Trans World CEO Mike Feurer on a Thursday earnings…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
call. FYE’s packaged video content business also suffered from “the lack of strong franchises resulting from the holdover of the lowest summer box office in 25 years,” he said. Efforts to change FYE’s merchandise mix “as part of the ongoing reinvention of the FYE brand” will continue throughout 2018 “as we work through the assortment changes need to stabilize the FYE business,” he said. The reinvention will include the January “relaunch” of the fye.com store with “expanded platform capability and merchandise selection” and an “improved shopping experience,” he said.