Trans World COO Jim Litwak has resigned, effective Feb. 16. Company chairman Robert Higgins will take on Litwak's responsibilities and the company is undertaking a search for a new head of merchandising and marketing, according to a release.

From the press release:
"We wish Jim all the best and want to thank him for his hard work and effort," Mr. Higgins said. "After 12 years in the entertainment retail space, it is time for me to pursue different avenues and opportunities. My time at Trans World will always be some of the greatest memories of my retail career," said Mr. Litwak.