Who’s the Largest Retailer of Pop! Vinyl Figures?").
The company cut inventory in its stores, with changes that sounded like its mix needed adjusting. "During the quarter, we took aggressive actions to clear slow-moving merchandise from our stores and adjusted purchases to align our inventory levels with current business trends and future assortment strategy," CEO Mike Feurer said in a statement. FYE hopes to expand its exclusive merchandise, Fuerer said the conference call.
FYE lost $7.9 million for the quarter, up from a $.5 million loss in the year ago period. Trans World Entertainment, which operates etailz in addition to FYE, lost $8.1 million for the quarter.
As Merch Mix Re-Aligned
Posted by ICv2 on November 28, 2017 @ 4:07 am CT