×
83 438
Fashion Jobs
ROSS STORES
Inventory Control/Quality Assurance Supervisor
Permanent · Perris
ROSS STORES
Store Protection Specialist
Permanent · Hyattsville
ROSS STORES
Inventory Controls And Quality Analysis Specialist ii (Icqa)
Permanent · Brookshire
ROSS STORES
Store Protection Specialist
Permanent · Houston
ROSS STORES
dc Operations Manager
Permanent · Fort Mill
ROSS STORES
Store Protection Specialist
Permanent · Sacramento
MACY'S
Asset Protection Captain, Westshore - Full Time
Permanent · Tampa
MACY'S
Asset Protection Detective, Naples - Part Time
Permanent · Naples
MICHAEL KORS RETAIL INC
Store Operations Manager
Permanent · Orlando
ESTÉE LAUDER
Business Manager, Travel Retail Americas
Permanent · Miami
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hours - Napa Premium Outlets - Napa, ca
Permanent · Napa
ESTÉE LAUDER
Senior Manager, International Business Development - le Labo Fragrances
Permanent · New York
ESTÉE LAUDER
Director, Performance Marketing - Bobbi Brown Cosmetics North America Ecommerce
Permanent · New York
ESTÉE LAUDER
Director of Strategic Partnership Marketing, Philanthropy & Limited Life Projects
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Clinique - 38 Hours - Shoppes at Bel Air - Mobile, al
Permanent · Mobile
ESTÉE LAUDER
Human Resources Manager, North America Field & Retail
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - 35 Hours - Fresno, ca
Permanent · Fresno
ESTÉE LAUDER
Manager Global Product Registration
Permanent · Melville
ESTÉE LAUDER
Analyst, Product Management
Permanent · New York
ESTÉE LAUDER
Coordinator, Sales Account Management
Permanent · Irvine
TJ MAXX
tj Maxx Loss Prevention Detective Full Time
Permanent · Reno
TJ MAXX
tj Maxx Loss Prevention Detective Full Time
Permanent · Henderson
Published
Apr 1, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Iconix narrows loss in fourth quarter

Published
Apr 1, 2021

Iconix Brand Group, Inc., the owner of brands including Umbro and Lee Cooper reported a Q4 loss of $14.1 million, or $1.06 per diluted share, on Wednesday, a significant improvement from a loss of $93.0 million, or $7.94 per diluted share, in the prior-year period.


Iconix has completed the sale of its Lee Cooper China business since the end of fiscal 2020 - Instagram: @leecooper1908

 
In the fourth quarter ended December 31, 2020, the New York-based brand management company achieved total revenue of $33.9 million, down 22% from $43.2 million in the same period in the previous year. This decline was primarily due to negative economic impacts of the Covid-19 pandemic.
 
In the company’s women’s segment, revenues fell 21% year over year, reflecting a decrease in licensing revenue from the Mudd and London Fog brands, which was partially offset by increases at Danskin. The men’s segment saw a 35% decline, mainly due to decreases in licensing revenues at Buffalo and Ecko Unltd, partially offset by strength at Umbro.

The group’s home segment, however, saw an improvement of 62% in its revenues, driven by the performance of the Charisma and Cannon brands.
 
Revenues in Iconix’s international segment fell 30% in the quarter, as they were dragged down by decreases in Latin America and Europe.
 
For the full fiscal year 2020, the company’s revenue totaled $108.6 million, reflecting a 27% decline, compared to $149.0 million in 2019.
 
Annual net loss was $7.3 million, or $0.60 per diluted share, compared to a loss of $109.5 million, or $10.37 per diluted share, in the previous year.
 
“While we are hopeful that the pandemic will subside in 2021, we will continue to address the many pandemic-related challenges we face between now and then, and, at the same time, continue to focus on realizing the opportunity that exists for our brands through focusing on building our pipeline of future business,” said Iconix CEO Bob Galvin in a release.

Having sold its Starter China and Umbro China businesses in 2020, Iconix has also completed the sale of its Lee Cooper China business since the end of the year. The transaction resulted in net proceeds of $15.8 million, a portion of which the company used to repay $11.8 million of its senior secured term loan.
 
Due to the ongoing uncertainty surrounding the Covid-19 pandemic, Iconix did not provide financial outlook for fiscal 2021.

Copyright © 2021 FashionNetwork.com All rights reserved.