SLOW HOLIDAY SALES CUT INTO TRANS WORLD PROFITS.(BUSINESS)

Byline: -- Staff report

GUILDERLAND -- Disappointing holiday sales helped to slim profits for Trans World Entertainment Corp. last year.

Trans World, an audio and video retailer that operates stores such as Record Town, Coconuts and Camelot, saw net income in fiscal 2000 of $40.1 million, or 83 cents a share, on sales of $1.4 billion, compared to earnings of $61.4 million, or $1.15 per share, on sales of $1.4 billion for the previous fiscal year.

Robert J. Higgins, chairman and chief executive …