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Trans World Entertainment Corporation Message Board

bobjones476 19 posts  |  Last Activity: Jul 22, 2014 8:52 PM Member since: Sep 7, 2012
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  • by bobjones476 Jul 22, 2014 8:52 PM Flag

    Just wondering how much the BOD and Richie are spending on this battle to save their jobs

  • Reply to

    Still no plan

    by bobjones476 Jul 11, 2014 7:19 PM bobjones476 Jul 15, 2014 10:51 PM Flag

    Thank you for the information. I find the plan to be a little vague. If the new people are so convinced that they can fix the company, I would like to see more specifics.

    In addition, the new board sounds like they are going to function as a management team rather than a BOD. Isn't their job to hire management to run the company?

    They, rightfully, criticize Wilson and the current BOD for owning so little stock. How much do they own?

    Having said all that, I hope they find way to remove Wilson, Winsten, and the rest of the board for their total incompetence.

  • by bobjones476 Jul 11, 2014 7:19 PM Flag

    The new guys still won't tell us what their plans are. Speak up, guys. Your slate isn't so legendary that it warrants votes based solely on their accomplishments. How will you save this company?

  • Reply to


    by jobrien167 Jul 8, 2014 8:52 AM bobjones476 Jul 9, 2014 4:34 PM Flag

    Saw that. Spending on court fights, proxy fights, new headquarters but little apparent investment in stores Hope new guys will commit to firing Wilson

  • by bobjones476 Jul 9, 2014 10:50 AM Flag

    With all the attention being given to Perry by marketing and other executives, this is a small-time PR play which doesn't even address the company's new campaign of selling everything they can to businesses. It also won't help a lot with teachers who are not very happy with this company. Management has lost its way.

  • Reply to


    by jobrien167 Jul 8, 2014 8:52 AM bobjones476 Jul 9, 2014 10:44 AM Flag

    I would love to hear what their plans are. I have been extremely critical of the current management and BOD but it would be good to know what the alternate slate is offering before voting for them.

  • Reply to

    Book Value

    by defunct00 Jun 25, 2014 11:02 AM bobjones476 Jun 28, 2014 9:23 AM Flag

    Why do you keep saying that the BOD killed the buyout. The shareholders bored against it- the board was for it. I don't know who you are talking to but Wilson is not respected by his employees, vendors or the retail community.

  • Reply to

    Book Value

    by defunct00 Jun 25, 2014 11:02 AM bobjones476 Jun 27, 2014 5:36 PM Flag

    While I respected your previous post on Winsten, I strenuously disagree with these comments. What makes Wilson a "solid retail CEO"? Much of top management has left this company. He always has a new initiative but has not succeeded in growing the business. From what I have heard he has a history of treating his people with no respect. I agree that the shareholders should have taken the buyout but isn't it the job of the CEO to sell a plan he believes in? Sales down, profits down, stock down. Who respects that performance?

  • Reply to

    What's the plan?

    by carrolltondaddy Jun 23, 2014 1:06 PM bobjones476 Jun 23, 2014 6:46 PM Flag

    I frequently make sarcastic comments about Winsten and Wilson due to my disgust with the way they are mishandling the company. However, your post is far more effective and to the point. I congratulate you.

  • by bobjones476 Jun 10, 2014 11:06 AM Flag

    Sales down, stock down but we have a new office in Dallas to hire all this great new talent. These guys are simply incapable of running a retail company.

  • by bobjones476 May 27, 2014 7:01 PM Flag

    New head of marketing in from HD. Marketing can only get better.

  • Reply to

    More consultants, Ron?

    by bobjones476 May 21, 2014 8:19 AM bobjones476 May 23, 2014 10:36 AM Flag

    Respectfully, I disagree. The flunkies are his trusted advisors. The consultants have great understanding theory but little experience with reality. Flunkies+consultants= disaster.

  • by bobjones476 May 21, 2014 8:19 AM Flag

    You have let your strategy be developed by consultants. You have hired consultants rather than consultants. No surprise that your retail business has fallen so much. Millions to consultants.....wasted. You should resign.

  • by bobjones476 May 20, 2014 9:09 AM Flag

    Confusing product mix, surly staff, TERRIBLE surprise

  • Reply to

    ALCS book Value

    by dkwilk May 14, 2014 1:24 PM bobjones476 May 14, 2014 10:50 PM Flag

    What are they going to use to buy those share. It would be over 20 million...they don't have it. Maybe Wilson's good looks

  • by bobjones476 May 7, 2014 1:47 PM Flag

    This company has no value as a retailer- what the assets are worth is open to discussion. Having done business with this company, I can tell you that the buying division is loaded with levels of management and the stores have no one to ring the registers. Eddie, stop trying to be a merchant. You're not- sell this company before you hurt it any further.

  • by bobjones476 May 6, 2014 9:57 AM Flag

    Richie and Royce,

    You have outdone yourselves once again. Your numbers are terrible, your plan won't work, you find two more flacks for your board, and your stock plummets. How long before the BOD realizes that boy wonder is incompetent and has to go? We have had enough of his incompetence. Another plan, another failure. Richie- you are a disgrace. Every penny you take in salary is corporate welfare.

  • Reply to

    Only a matter of time

    by bobjones476 May 1, 2014 11:47 AM bobjones476 May 1, 2014 6:18 PM Flag

    Please tell me what you find ridiculous

  • by bobjones476 May 1, 2014 11:47 AM Flag

    Their balance sheet is too strong for them to go bankrupt but the basic reality is that they cannot stay in business for very long. They are selling products that no one wants and Higgins, in his arrogance, has failed to take the necessary steps to reinvent the business. I don't know how long they have but if you look at their business rationally, you know the end is near. Just my opinion.

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