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Trans World Entertainment Corporation Message Board

  • smaycs4 smaycs4 Jan 9, 2014 9:51 AM Flag

    Another month of negative SSS

    Been hoping forever that they would turn positive. Doesnt seem to be happening.

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    • Hard to think with declining mall traffic that a store like this isn't going to be impacted. I think this is a big year in revealing the future. I believe almost 200 leases were up so the renewals will be interesting.

      • 1 Reply to imd85
      • Will be watching this update in the next 10-k:
        As of February 2, 2013, the Company operated 358 stores under operating leases, some of which have renewal options. The majority of the leases provide for the payment of fixed monthly rentals and expenses for; maintenance, property taxes and insurance, while others provide for the payment of monthly rentals based on a percentage of sales. Certain leases provide for additional rent based on store sales in excess of specified levels. The following table lists the leases due to expire in each of the years shown as of the fiscal year-end, assuming any renewal options are not exercised:

        Year No. of
        Leases Year No. of
        Leases

        2013 189 2017 14

        2014 59 2018 4

        2015 78 2019 1

        2016 13

        As leases expire, the Company will evaluate the decision to exercise renewal rights or obtain new leases for the same or similar locations based on store profitability.

 
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