Home / Knowledge / News / Apparel/Garments / Frederick's of Hollywood Group Q4 FY'13 sales down 19%
Frederick's of Hollywood Group Q4 FY'13 sales down 19%
28
Oct '13
Frederick's of Hollywood Group Inc. announced the financial results for its fiscal 2013 fourth quarter and year ended July 27, 2013.

"The financial results for fiscal 2013 reflect the previous financial challenges we have faced, which impacted our ability to fully deliver on our merchandising strategy and overall brand strategy. However, we believe that these challenges can be overcome given the ongoing support we've received from certain vendors, partners and our lenders, and their commitment to the Frederick's of Hollywood brand," stated Thomas Lynch, the Company's Chairman and Chief Executive Officer.

Fiscal 2013 Fourth Quarter Compared to Fiscal 2012 Fourth Quarter:

-Net loss applicable to common shareholders was $7.6 million or $(0.19) per basic and diluted share, compared with a net loss of $4.0 million or $(0.10) per basic and diluted share.
-Net sales decreased 19.0% to $16.5 million from $20.3 million.
-Comparable store sales decreased 12.6%.
-Total store sales decreased 16.0% to $11.4 million.
-Direct sales (e-commerce and catalog) decreased 22.0% to $4.8 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 57.9% to $0.2 million.
-Gross margin, as a percentage of net sales, decreased to 24.1% from 32.4%.
-Selling, general and administrative expenses decreased to $9.1 million, or 55.3% of sales, from $9.5 million or 46.7% of sales.

Fiscal Year Ended July 27, 2013 Compared with Fiscal Year Ended July 28, 2012:

-Net loss applicable to common shareholders was $23.5 million, or $(0.60) per basic and diluted share, compared with a net loss of $6.5 million, or $(0.17) per basic and diluted share.
-Net sales decreased 22.3% to $86.5 million from $111.4 million.
-Comparable store sales decreased 16.7%.
-Total store sales decreased 20.1% to $56.5 million.
-Direct sales (e-commerce and catalog) decreased 23.5% to $27.4 million.
-Other revenue decreased 46.5% to $2.5 million.
-Gross margin, as a percentage of net sales, decreased to 29.1% from 37.4%
-Selling, general and administrative expenses decreased to $43.0 million, or 49.7% of sales, from $45.8 million or 41.1% of sales.

Frederick's of Hollywood

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search