Trans World Entertainment to Host Holiday Sales Conference Call

ALBANY, N.Y.–(BUSINESS WIRE)–Dec. 6, 2000–Trans World
Entertainment Corp. (Nasdaq:TWMC), a leading retailer of entertainment
products, will host a teleconference call for members of the financial
community on Thursday, January 4th at 10:00 AM ET to discuss a press
release, which will be issued on Wednesday, January 3rd after the
close of market regarding its holiday sales results. This call will be
simultaneously webcast at the Company’s website, www.twec.com.

About Trans World Entertainment Corp.

Trans World Entertainment is a leading specialty retailer of music
and video products. The Company operates retail stores in 45 states,
the District of Columbia, the U.S. Virgin Islands, Puerto Rico and an
e-commerce site, www.twec.com. Mall locations include Camelot, Record
Town, The Wall, Disc Jockey, Saturday Matinee and F.Y.E. Freestanding
locations include Coconuts Music and Movies, Strawberries Music,
Spec’s and Planet Music.

CONTACT: Trans World Entertainment Corp., Albany
John Sullivan, Chief Financial Officer, 518/452-1242
or
The MWW Group, New York
Michael Lendener, Investor Relations, 212/704-9727