TransWorld Entertainment reported a 2% comparable-store increase during the crucial holiday selling season.

TransWorld Entertainment reported a 2% comparable-store increase during the crucial holiday selling season.

Total sales for the five-week period ending Jan. 1, however, were down 4% to $312 million compared to $326 million last year. The company, which operated 851 stores versus 931 last year, blames the sales decline on shuttered stores.

"Our sales results during the holiday season were in line with our expectations," Trans World chairman/CEO Bob Higgins said in a statement. "Based on our sales performance, we are maintaining our 2004 earnings-per-share projections of $1.02 to $1.07 per share."

For the 11-month period ending Jan. 1, 2005, comparable store sales increased 1%. Total sales for the period increased 3% to $1.28 billion compared to $1.24 billion during the same period last year.