BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Mega-retailer Trans World Entertainment is furiously attempting to diversify away from music, now a serious money-loser. During the fiscal second quarter ending August 2nd, the company shed $19.2 million, largely the result of a sinking CD. That is wider than a year-ago drop of $10.1 million, part of a worsening balance sheet.
On the revenue side, sales slipped 19 percent, to $215.2 million, and the broader number of sales outlets dropped by 173 stores. Most of those outlets are branded as f.y.e., or For Your Entertainment.
Trans World continues to reinvent itself as a broader entertainment destination, and the company is spreading the message through fresh advertisements. But it remains too early to assess impact of that messaging campaign, according to Chairman and Chief Executive Officer Robert J. Higgins.
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