Frederick’s of Hollywood Group Inc. said Tuesday that its “improving” retail business helped it narrow its first-quarter net loss.
For the three months ended Oct. 30, the New York-based company recorded a net loss of $1.2 million, or 3 cents a diluted share, compared with a loss of $4.3 million, or 17 cents, in the year-ago period. Net sales fell 8 percent to $28.6 million from $31.1 million in 2009. Same-store sales for the period dipped 7 percent, and fewer promotions and reduced buying costs helped improve gross margin to 40.1 percent of sales versus the year-ago margin of 35.2 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"