- Trans World Entertainment
company_name = Trans World Entertainment
company_type = Public (nasdaq|TWMC)
Albany, New York
products = Music and DVD stores
homepage = [http://www.twec.com www.twec.com]
Trans World Entertainment Corporation is a chain of entertainment media retail stores in the
United States. It currently operates over 800 freestanding and shopping mall-based stores under several brand names.
Based out of
Albany, New York, Trans World was founded in 1972by Robert Higgins. It opened its first store, called Record Town (formerly Record Land), in 1973. The company went public in July 1986 and has expanded through acquisitions of a number of smaller or failing companies including Strawberries, Camelot Music, and Wherehouse Entertainment.
In February 2006, Trans World acquired the
MusiclandGroup, which owned Sam Goody, Suncoast Motion Picture Company, and former online store Media Play.
In September 2006, Trans World made bid for the
bankrupt Tower Records[ [http://albany.bizjournals.com/albany/stories/2006/09/25/daily49.html Trans World bids for Tower Records] ] but lost to Great American Group, a liquidator. [ [http://www.mercurynews.com/mld/mercurynews/news/breaking_news/15699444.htm Tower Records to be liquidated] ]
In 2001, Trans World unified its mall-based stores under the brand name f.y.e. or for your entertainment, after buying out the mall-based Camelot stores. During 2001, a major re-branding campaign made f.y.e. the brand name for the entire group of mall-based and many freestanding retail stores owned by Trans World Entertainment. However, some freestanding or strip center stores continued to operate under their regional brands such as
Trans World stores deal primarily in CDs, DVDs, video games, books, and other entertainment products. They also buy, sell, and trade used CDs, DVDs, and video games.
2006, Trans World began transitioning buildings that were once home to Media Play outlets near Salt Lake City, Utahand Buffalo, New Yorkinto f.y.e. superstores, as well as all former Coconuts stores, such as the location in downtown Chicago, since the early part of 2007.
In addition, the landmark downtown Boston Strawberries located at 411 Washington St, is now an f.y.e.
Sam Goody: Nationwide
Suncoast Motion Picture Company: Nationwide (mall-based)
California, Colorado, Connecticut, Delaware, Illinois, Maryland, New Jersey, New York, and Virginia
Western United Statesincluding: Arizona, California, Georgia, Louisiana, Missouri, New Mexico, Oklahoma, Oregon, Texas, Utah, Virginia, and Washington
*f.y.e.: Nationwide (mall-based and freestanding)
*CD World and Streetside Records:
Missouriand New Jersey
*Coconuts: Chicago area,
New Jersey, New York, and Mid-Atlantic States (some stores still operate as Coconuts)
Media Play: Nationwide
*On Cue: Nationwide
*Record Land: Nationwide (mall-based)
*Record Town: Nationwide (mall-based)
Marylandand New Englandstates
*Wall To Wall Sound & Video / Listening Booth: Mid-Atlantic States, later converted to The Wall
* [http://www.twec.com/ Trans World Entertainment]
* [http://www.fye.com/ f.y.e.]
* [http://consumerist.com/consumer/complaints/fye-bait-and-switches-wii-buyer-gamer-calls-for-boycott-215895.php/ The Consumerist: FYE Baits and Switches Wii Buyer]
Wikimedia Foundation. 2010.
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