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Article Date: November 2023
Word Count: 406

Tilly’s Sees Red Ink as Sales Fall


Net results swung to a $847,000 loss against last year’s profit of $5,149,000 on sales that were down 6% to $166,475,000 from $177,847,000 as blended comps dropped 9%. Store net sales were down 6% to $132.4 million, comping down 9.1%, while e-commerce saw a 6% decline to $34.0 million. The quarter started with a -3.7% comp in the Back-to-School period, eroding to double-digit declines in Sept. and Oct. All geographies comped down within a 5-point range, with traffic down across all store formats. A high-singles drop in total transaction volume was ... Log in to view full article.

 


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