Tilly’s has posted a double-digit decrease in sales for the fourth quarter, which management said was a disappointment.

The company’s net sales fell 14.9 per cent to $147.3 million during the quarter ended February 3. Comparable sales, which excludes the extra week in last year’s fourth quarter, were down 11.2 per cent.

Sales from physical stores fell 13.7 per cent (down 9.8 per cent on a comparable basis) and e-commerce sales slid 17.8 per cent.

On the bottom line, net loss reduced from $20.6 million in the year-ago period to  $13.7 million.

“Our fourth quarter results were a disappointment,” said Hezy Shaked, president and CEO. “We made a number of changes in our merchandising organization during the fourth quarter to attempt to change our sales trajectory going forward.”

For the full year, net sales dropped 8.6 per cent on a reported basis and 8 per cent on a comparable basis. Net loss was $46.2 million compared to $34.5 million in the prior year.

Based on current and historical trends, the company expects net sales to decrease 3-8 per cent in the first quarter of this fiscal year.