Tilly's, Inc.

Who owns Tilly's, Inc.?
It is a public company on the NYSE under ticker TLYS. The founding Shaked family retains a significant ownership stake, with the balance held by institutional and retail investors.

Is Tillys profitable?
Not currently on an annual basis. It lost about $17.5 million in fiscal 2025, improved from a $46.2 million loss in fiscal 2024, though it was profitable in two of the last three quarters and guides toward annual profitability in fiscal 2026.

How many stores does Tilly's have?
223 stores in 33 states as of January 31, 2026, down from a peak near 270 after a program of closing underperforming locations.

What does Tilly's sell?
Apparel, footwear, and accessories for teens and young adults: national brands like Nike, Vans, and Dr. Martens plus private labels such as RSQ, Full Tilt, and West of Melrose, sold in stores and on tillys.com.

Where is Tilly's headquartered?
Irvine, California, in Orange County, where founders Hezy Shaked and Tilly Levine opened the first store in nearby Los Alamitos in 1982.

Who is Tilly's CEO?
Nate Smith serves as chief executive officer, with Mike Henry as chief financial officer. Co-founder Hezy Shaked previously led the company as CEO.

Hezy Shaked and Tilly Levine opened the first store in Los Alamitos, California, in 1982, selling jeans and surf-culture apparel in Orange County. The pair built the chain store by store across Southern California malls through the 1980s and 1990s, riding the mainstreaming of skate and surf fashion that turned brands like Billabong, Quiksilver, and Volcom into mall staples.

The 2000s brought acceleration. With teen spending strong and mall traffic healthy, Tilly's expanded beyond California into a multi-state footprint, developing the merchandising model it still uses: mostly third-party national brands for credibility, plus higher-margin private labels including RSQ and Full Tilt for margin.

The May 2012 IPO on the NYSE funded national expansion, pushing the store count toward 270 across more than 30 states at its peak. The timing proved difficult: mall traffic began its long decline, and teen shoppers migrated online, compressing comparable sales for much of the following decade.

The 2020s have been a story of contraction and reset. Store count dropped to 223 by January 2026 as the company closed underperforming malls. Co-founder Hezy Shaked retired from the CEO role, and after an interim co-CEO arrangement Nate Smith took the chief executive seat with Mike Henry as CFO. Fiscal 2024 produced a $46.2 million net loss; fiscal 2025 narrowed that to about $17.5 million on $553.6 million in sales, with a 10.1 percent comparable sales gain in the fourth quarter offering the first real evidence of stabilization.

As a small-cap retailer Tilly's runs a conventional compliance-based responsibility program: vendor codes of conduct, California Transparency in Supply Chains Act disclosures, and product safety compliance on children's and teen apparel. It does not publish a comprehensive ESG report, and its environmental commitments are limited to operational efficiency rather than formal targets.

Tilly's has faced standard retail-industry matters: wage and hour class actions in California over scheduling and breaks, occasional product recalls on third-party goods, and the investor scrutiny that follows consecutive loss years. Its aggressive store closures have drawn lease-related disputes in a few markets. Nothing rises to the level of a systemic reputational issue.