Frederick’s of Hollywood today announced financial results for its fiscal 2010 second quarter and six months ended January 23, 2010. Net sales decreased 21.3% to $41,321,000 from $52,516,000. Adjusted EBITDA was a loss of $2,617,000 compared to a profit of $1,278,000. Fiscal Six Months Ended January 23, 2010 Compared to Fiscal Six Months Ended January 24, 2009: Net sales decreased 17.4% to $78,529,000 from $95,081,000. Adjusted EBITDA was a loss of $4,950,000 compared to a loss of $1,662,000.
The recession is definitely taking its toll on lingerie, which definitely fits into the highly discretionary category.
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