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Kenneth Cole's Men's Reaction sportswear business up
04 May '11
4 min read
Kenneth Cole, Chairman and Interim Chief Executive Officer, commented, "While we're obviously not pleased with these results we are dedicated to improving every aspect of our business. While it's been necessary to focus on reducing costs, streamlining, and on efficiency building the past few years, we are now also focused on repositioning our business for sustainable growth across all sectors. We also intend to reclaim the leadership position of the brand, not just its social voice, but also its fashion and its product positioning."
Second Quarter Guidance
The Company expects to report second quarter earnings per share on a GAAP basis of $0.02 - $0.04 on revenues of $105 to $110 million. While the Company expects to remain in a clearance and liquidation mode in the second quarter, it expects retail inventories to return to more appropriate levels by the end of the quarter.
Second Quarter Guidance
The Company expects to report second quarter earnings per share on a GAAP basis of $0.02 - $0.04 on revenues of $105 to $110 million. While the Company expects to remain in a clearance and liquidation mode in the second quarter, it expects retail inventories to return to more appropriate levels by the end of the quarter.
Kenneth Cole Productions Inc
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