Frederick’s of Hollywood Group Inc. overcame a large dent in its wholesale business to match its year-ago third-quarter loss. But comments from chief executive officer Thomas Lynch on the company’s future funding sent the stock tumbling more than 20 percent Wednesday.
For the three months ended April 25, the New York-based lingerie maker said it recorded a loss of $2 million, or 8 cents a diluted share, equaling the loss posted in the year-ago period.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)