US lingerie firm Frederick’s of Hollywood Group has posted net loss from continuing operations of $297,000 in the first quarter, from $2.6m in the prior year.

For its fiscal 2011 first quarter ended 30 October, the retailer said its net sales decreased 8.0% to $28.6m.

Thomas Lynch, the company’s chairman and chief executive officer, said: "Our financial results from continuing operations for the first quarter of fiscal 2011 reflect the significant progress we have made in improving the performance of our continuing retail business."

Click here to view the company's first quarter full Q1 earnings report.