Frederick's of Hollywood posts 6.9% sales dip in FY'12

• Net loss applicable to common shareholders was $4.0 million or $(0.10) per diluted share, compared to a net loss of $7.2 million or $(0.19) per diluted share.

• Net sales decreased 21.2% to $20.3 million from $25.8 million.
  • Comparable store sales decreased 10.1%.
  • Total store sales decreased 14.6% to $13.6 million.
  • Direct sales (catalog and website operations) decreased 21.7% to $6.2 million.
  • Other revenue, consisting of shipping revenue, commissions earned on direct sell-through programs, breakage on gift cards and product sales to the Company's licensing partner in the Middle East, decreased 71.6% to $0.6 million.
• Gross margin, as a percentage of net sales, increased to 32.4% from to 29.4%.
• Selling, general and administrative expenses decreased by 21.4% to $9.5 million, or 46.7% of sales, from $12.1 million or 46.8% of sales.

Frederick's of Hollywood Group Inc., through its subsidiaries, sells women's intimate apparel and related products under its proprietary Frederick's of Hollywood brand through 118 specialty retail stores, a catalog and an online.

Frederick's of Hollywood Group Inc.