Fye parent Trans World Entertainment, which just reported a $23.2 million quarterly loss (see "TWE Loses $23.2 Million in Q3"), most of it from the fye chain, has delayed filing its quarterly 10Q report and disclosed that it now has doubts about its ability to continue.

"The ability of the Company to meet its liabilities and to continue as a going concern is dependent on improved profitability, the continued implementation of the performance improvement plan for the etailz segment, the availability of future funding and the completion of other strategic alternatives," the company said in an SEC filing.  "The Company has concluded that this raises substantial doubt about the Company’s ability to continue as a going concern for a period of one year after the date of filing the financial statements for the period ended November 2, 2019 to be incorporated in the Quarterly Report."

Although fye’s collectible sales, which includes some games, has been growing steadily, it hasn’t been enough to offset sales declines in the company’s core packaged media business.  Its new etailz division has also been losing money.