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Trans World Entertainment Corporation Message Board

  • smaycs4 smaycs4 Mar 26, 2013 11:31 PM Flag

    Visit to a Coconuts in a strip center

    First TWMC store Ive been in since owning the stock for 5 years or so.

    Not really sure what I expected but I guess I got it.

    Just a music store with DVDs & stuff.

    Trend seems to be a small area with Spencer gifts like merchandise, posters & t-shirts.

    Carpet was well worn and dirty in spots. They sure are not spending heavily on capex for that store.

    It had a little more traffic than I would have thought. I guess there are still a lot of people buying music the old fashioned way.

    Looked to me like there was a merchandising opportunity there. Like maybe get rid of slow moving stuff and try new stuff.

    Maybe even sell cigarettes, candy & soft drinks like Blockbuster used to do.

    My visit didnt reallt tell me much other than I think they have some "upside" by getting better trend merchandise in there.

    The store wasnt as dead as I would have thought on a cold tuesday night.

    Maybe I can hit their other Birmingham store in the next week or two.

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    • bobjones476@rocketmail.com bobjones476 Mar 29, 2013 12:49 AM Flag

      This was my point about Honeyman. The successes they have had are not because of his retail strategy but are due to the cost-cutting and real estate moves by Higgins. As a retail format, they will not produce meaningful growth. As a stock, due to their cash, all bets are off.

 
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