Frederick's of Hollywood Group Inc. Reports Financial Results for Fiscal 2011 Third Quarter

/PRNewswire/ -- Frederick's of Hollywood Group Inc. Thomas Lynch, the Company's Chairman and Chief Executive Officer, stated, "While we are disappointed by the fiscal third quarter results, our outlook for fiscal 2012 is positive. Inventory is approaching appropriate levels, and we remain focused on our ongoing operating initiatives that will help us grow in the long term. Most recently, we strategically reorganized our merchandising and design team to strengthen our core retail operations and to provide our customers with more trend-right fashions. We are beginning to see the impact of these efforts in the current quarter. We are also