Q4 2018 Trans World Entertainment Corp Earnings Call Transcript
Good day, ladies and gentlemen, and welcome to the Trans World Entertainment Fourth Quarter 2018 Results Conference Call. (Operator Instructions) At this time, it is my pleasure to turn the floor over to your host, Michael Feurer, CEO. Sir, the floor is yours.
Good morning. Thank you for joining us as we discuss our fourth quarter and annual results. On the call with me today is Ed Sapienza, our Chief Financial Officer.
For the fye segment, comparable store sales increased 2.8% with a 210 basis point improvement in gross margin. This marked the second consecutive quarter of positive comp sales. Our customers continue to respond positively to the changes in our merchandise assortment and presentation that were made to counter the declining mall traffic and the ongoing declines in physical media.
For etailz, in response to decline in operating results, we've engaged outside support and initiated certain strategic initiatives to create operational efficiencies directed
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