As Comp Store Sales Hit a Recent High
Posted by Milton Griepp on December 13, 2018 @ 5:57 am CT
There was a bright spot: same store sales at the troubled fye chain were up 3.8%, the first such increase in years, although sales were still down 8.1% for the chain, driven by a 15.3% decline in stores in operation. Trans World has been closing fye stores at a furious pace; requiring a revision to its bank agreement to allow up to 68 store closings in this fiscal year (see "Trans World Renegotiates Bank Agreement to Permit More FYE Store Closings").
Also promising was the fact that sales in fye’s "Lifestyle" category, which includes games and merch, have returned to double digit growth from recent declines (see "FYE Sales Down 14% for Quarter"); they were up 13.3% for the quarter. That’s what it’s going to take to turn things around at the chain, which until recently required almost entirely on packaged media sales, which are quickly moving online.
Digital Adaptations Coming From Dire Wolf Digital
January 18, 2019
Dire Wolf Digital has announced a host of high profile digital adaptations of popular board games for 2019.