By  on October 28, 2011

Frederick’s of Holly­wood Group Inc. ended its fiscal year in the red, but chairman and chief executive officer Thomas Lynch said better comparable-store sales in August and September showed the company was on the right track.

Fourth-quarter losses attributable to the company narrowed to $7.2 million, or 19 cents a share, from $12.5 million, or 35 cents, a year earlier. Sales for the three months ended July 30 fell 11.3 percent to $25.8 million from $29.1 million as comps fell 13.6 percent.

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