Trans World Announces The Appointment of Mark A. Cohen, Chief Executive Officer of Sears Canada Inc., to Its Board of Directors

ALBANY, N.Y., Oct. 27 /PRNewswire-FirstCall/ — Trans World Entertainment
Corporation (Nasdaq: TWMC), a leading retailer of entertainment products,
today announced that Mark A. Cohen has been appointed to the Company’s Board
of Directors. This appointment expands the Company’s Board to eight
directors. Mr. Cohen is currently the Chairman and Chief Executive Officer of
Sears Canada Inc.

“Mark Cohen is a seasoned retail industry professional,” commented Robert
J. Higgins, Chairman and Chief Executive Officer of Trans World Entertainment.
“Mark brings a wealth of industry knowledge to the Company’s Board, gained
from nearly thirty years of experience at several highly regarded retailers.
We will look to his insight and business knowledge for guidance as we continue
to enhance our position as an industry leader.”

Mr. Cohen has been Chairman and Chief Executive Officer of Sears Canada
since 2001 and has also served in various positions with several large
retailers, including Sears Roebuck & Co., Federated Department Stores and
Target Corp.

“I’m delighted to have been asked to join the Trans World Board of
Directors. Their position of market leader in this highly dynamic home
entertainment arena is incomparable. I look forward to joining their team,”
said newest Board member Mr. Cohen.

Trans World Entertainment is a leading specialty retailer of music and
video products. The Company operates retail stores in 47 states, the District
of Columbia, the U.S. Virgin Islands, Puerto Rico and an e-commerce site,
www.fye.com. In addition to its mall locations, operated under the “FYE” (For
Your Entertainment) brand, the Company also operates freestanding locations
under the names Coconuts Music and Movies, Strawberries Music, Spec’s,
Wherehouse Music and Planet Music.

SOURCE Trans World Entertainment Corporation

10/27/2003

CONTACT: John Sullivan

Executive Vice President and Chief Financial

Officer of Trans World Entertainment, +1-518-452-1242, ext. 7400

or KimberlyStorin of The MWW Group

Investor Relations Counsel, +1-212-704-9727



For Trans World Entertainment

Web site: http://www.fye.com

(TWMC)