SG&A expenses were $43 million, a reduction of 24% on a total sales decline of 15%, resulting in a 460-basis point decrease as a percentage of sales to 39.1% this year from 43.7% last year. The decrease in SG&A was driven by the closing of underperforming stores and the continued focus on effective expense management.Net interest expense was $774,000 in the quarter versus $927,000 last year.
Trans World Entertainment's CEO Discusses Q3 2011 Results - Earnings Call Transcript
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