Frederick's Of Hollywood Announces A 6.3% Increase In December Comparable Store Sales
HOLLYWOOD, Calif., Jan. 5, 2012 /PRNewswire/ -- Frederick's of Hollywood Group Inc. (NYSE Amex: FOH) ("Company") announced today that its comparable store sales for the five weeks ended December 31, 2011 increased 6.3% compared to the five weeks ended January 1, 2011. The Company also announced a comparable store sales increase of 5.3% for the 22 weeks ended December 31, 2011, compared to the 22 weeks ended January 1, 2011.
"The 2012 Holiday season was topped off by strong comparable store sales and healthy store margins for the December period. It is exciting to see many of the improvements made to drive sales for our retail stores, including our new product line introduced in mid-2011, continued to gain traction throughout the holiday period," stated Thomas Lynch, the Company's Chairman and Chief Executive Officer.
Forward Looking Statement Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. These statements are based on management's current expectations or beliefs. Actual results may vary materially from those expressed or implied by the statements herein. Among the factors that could cause actual results to differ materially are the following: competition; business conditions and industry growth; rapidly changing consumer preferences and trends; general economic conditions; working capital needs; continued compliance with government regulations; loss of key personnel; labor practices; product development; management of growth, increases in costs of operations or inability to meet efficiency or cost reduction objectives; timing of orders and deliveries of products; risks of doing business abroad; the ability to protect our intellectual property; and the other risks that are described from time to time in the Company's SEC reports. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
About Frederick's of Hollywood Group Inc. Frederick's of Hollywood Group Inc., through its subsidiaries, sells women's intimate apparel, swimwear and related products under its proprietary Frederick's of Hollywood ® brand through 123 specialty retail stores, a world-famous catalog and an online shop at http://www.fredericks.com/. With its exclusive product offerings including Seduction by Frederick's of Hollywood and the Hollywood Exxtreme Cleavage ® bra, Frederick's of Hollywood is the Original Sex Symbol ®.Our press releases and financial reports can be accessed on our corporate website at http://www.fohgroup.com. This release is available on the KCSA Strategic Communications Web site at http://www.kcsa.com. CONTACT:Frederick's of Hollywood Group Inc. Thomas Rende, CFO(212) 779-8300 Investor Contacts: Todd Fromer / Garth Russell KCSA Strategic Communications212-896-1215 / 212-896-1250 email@example.com / firstname.lastname@example.org
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