SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 3, 1995
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TRANS WORLD ENTERTAINMENT CORPORATION
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(Exact name of registrant as specified in its charter)
New York 0-14818 14-1541629
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
38 Corporate Circle, Albany, New York 12203
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (518) 452-1242
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Item 5. Other Events
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The Registrant announced three principal developments: (a) a store closing
charge for its fiscal quarter ending January 28, 1995, equal to, on a pre-
tax basis, approximately $21,000,000; (b) a forecasted net loss, after the
store closing charge, for the fiscal year ending January 28, 1995, ranging
from $.65 to $.75 per share; and (c) a default and accompanying temporary
waiver of two covenant tests under the Registrant's senior credit
facilities, all as more fully set forth in the Press Release, dated
February 2, 1995 (the "Press Release") issued by the Registrant. The
description herein is qualified in its entirety by reference to the full
text of the Press Release filed as Exhibit 99 hereto and incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
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(c) Exhibits Page No.
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99 Press Release, dated February 2, 1995 issued 3
by Trans World Entertainment Corporation.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
TRANS WORLD ENTERTAINMENT
CORPORATION
February 3, 1995 By: /s/ ROBERT A. HELPERT
________________ _____________________________
Date Robert A. Helpert
Executive Vice President and
Chief Administrative Officer
(Duly authorized officer)
February 3, 1995 By: /s/ JOHN J. SULLIVAN
________________ _____________________________
Date John J. Sullivan
Vice President - Finance
(Chief Accounting Officer)