Trans World Entertainment Announces Resignation of Executive Vice President of Merchandising and Marketing

ALBANY, N.Y., May 2 /PRNewswire-FirstCall/ — Trans World Entertainment
(Nasdaq National Market: TWMC) announced today that Fred Fox, Executive Vice
President of Merchandising and Marketing, has left the company to pursue other
interests.

“Fred led a talented and experienced team during his tenure,” said James
Litwak, President and Chief Operating Officer of Trans World Entertainment.
“We look forward to further enhancing and expanding our merchandising and
marketing initiatives as we move ahead with the integration of the Musicland
acquisition and build our brand as the total entertainment destination.”

Trans World Entertainment is a leading specialty retailer of music, video
and video game products. The Company operates over 1,100 retail stores in the
United States, the District of Columbia, the U.S. Virgin Islands and Puerto
Rico. The Company operates mall stores under the f.y.e., Sam Goody and
Suncoast brands and freestanding locations under the names Coconuts Music and
Movies, Strawberries Music, Wherehouse, Sam Goody, Spec’s and Second Spin. The
Company also operates on the web at www.fye.com, www.coconuts.com,
www.wherehouse.com, www.secondspin.com, www.samgoody.com and www.suncoast.com.

Certain statements in this release set forth management’s intentions,
plans, beliefs, expectations or predictions of the future based on current
facts and analyses. Actual results may differ materially from those indicated
in such statements. Additional information on factors that may affect the
business and financial results of the Company can be found in filings of the
Company with the Securities and Exchange Commission.

SOURCE Trans World Entertainment

CONTACT:
John J. Sullivan, EVP, Chief Financial Officer, Trans World
Entertainment,
+1-518-452-1242 ext. 7400;
Rich Tauberman, MWW Group,
+1-201-507-9500,