×
30 204
Fashion Jobs
HOMEGOODS
70118-lp Detective
Permanent · Lutz
HOMEGOODS
Loss Prevention Detective
Permanent · Los Angeles
MARSHALLS
lp Detective - Boston Fenway
Permanent · Boston
MARSHALLS
70118-lp Detective Miami Gardens
Permanent · Miami Gardens
HOMEGOODS
70118-lp Detective
Permanent · Bradenton
MARSHALLS
lp Detective - Homestead, fl
Permanent · Homestead
MARSHALLS
70118-lp Detective Miramar
Permanent · Miramar
L'OREAL GROUP
Senior Manager, Digital Solutions & SEO Lead, Cerave us
Permanent · New York
L'OREAL GROUP
Senior Manager/Director, Omni-Shopper Marketing - Garnier Skincare
Permanent · New York
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Great Falls
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Memphis
VICTORIA'S SECRET
Asset Protection Investigator (Kansas City, Kansas - Legends Outlets & Summit Fair Mall)
Permanent · Topeka
ROSS STORES
Human Resources Manager
Permanent · Chicago
H&M
West Coast Sales HR Manager
Permanent · Los Angeles
H&M
Gift Card Experience Product Manager
Permanent · New York
ESTÉE LAUDER
Manager, Global Product Marketing
Permanent · New York
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20Hrs - Premium Outlets - Charlotte,nc
Permanent · Charlotte
JO MALONE LONDON
Retail Beauty Sales Manager - jo Malone London - 35 Hrs - Downtown - Seattle, wa
Permanent · Seattle
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20 Hrs - Tanger Outlet Center - Washington,PA
Permanent · Washington
ARAMIS AND DESIGNER FRAGRANCES
Retail Selling Specialist - Aramis And Designer Fragrances - 16 Hrs - Boston, ma
Permanent · Boston
UNIQLO
Loss Prevention Associate- Washington, D.C
Permanent · Washington
UNIQLO
Loss Prevention Supervisor- Philadelphia
Permanent · Philadelphia
Published
May 15, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Iconix sales fall 15% in first quarter

Published
May 15, 2021

Iconix Brands Group, Inc., the owner of brands including Umbro and Lee Cooper, announced revenue of $23.6 million for the first quarter ended March 31, 2021, on Thursday, representing a 15% decline compared to $28.0 million in the prior-year period.
 

Iconix sold its Lee Cooper trademark in China during Q1 - Instagram: @leecooper1908


This decrease was driven by a 41% drop in the company’s women’s segment, which saw its quarterly revenues fall to $3.8 million, compared to $6.5 million in the same period in the previous year. The trend was mostly due to decreases in licensing revenues at the group’s Mudd, Candies and Joe Boxer brands, which were partially offset by progress in the Danskin brand.
 
Iconix’s men’s segment also posted a year-over-year decline of 17% in its revenues, which totaled $5.6 million, while sales in the group’s home segment slipped 22% to $2.5 million. The company’s international segment was the only one to see an improvement in the quarter, posting a 2% rise in its revenue, which came to $11.8 million.

Despite the overall decline in its revenue, Iconix did see an improvement in its bottom line in Q1. Net income at the company was $4.2 million, or $0.26 per diluted share, compared to a net loss of $21.8 million, or $1.89 per diluted share, in the prior-year period.  
 
This progress was largely a reflection of Iconix’s sale of its Lee Cooper trademark in China during the quarter, which resulted in a gain of $15.0 million for the company. The group was also able to achieve a 24% year-over-year reduction in its selling, general and administrative expenses, which were $13.1 million, compared to $17.2 million in Q1 2020.
 
“While we and our licensees continue to deal with many pandemic-related challenges, we have continued to focus on realizing the opportunity that exists for our brands through building our pipeline of future business,” said Iconix CEO Bob Galvin in a release, outlining some of the New York-based brand management company’s plans for the future.
 
“Year to date, we have signed 93 license agreements representing $47 million of aggregate minimum royalties over the life of these contracts. This represents a 127% increase in the numbers of deals signed versus last year to date and a 98% increase in the amount of minimum royalties,” he added.
 
Due to the ongoing uncertainty surrounding the evolution of the Covid-19 pandemic, Iconix did not provide financial guidance for fiscal 2021.

Copyright © 2021 FashionNetwork.com All rights reserved.