Trans World Entertainment Corp. is closing its distribution center in North Canton, Ohio, and a fixture facility in Johnstown, N.Y., as it cuts costs following another disappointing holiday shopping season. Trans World has been struggling with declining sales as more consumers turn to computer downloading and big-box stores to purchase music. Total sales for the 11-month period that ended Jan. 5 fell 12 percent, to $1.19 billion. Comparable store sales fell 9 percent during the period, the company has reported. (Business Review)
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