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Kenneth Cole Q2 revenues decline due to retailer destocking
07 Aug '09
3 min read
The Company noted that it continues to have no long-term debt. In addition, it has recently converted its credit line to an asset-based facility to provide increased availability and strategic flexibility, if needed.
Ms. Granoff concluded, "We are continuing to execute our long-term strategic plan to drive growth and improved profitability. Our product is more compelling, our merchandise mix is more focused, and our marketing more clearly communicates our fashion identity while retaining our unique social voice. We believe our ability to offer well-priced designer fashion to today's discerning consumer will enable us to generate increased value for our shareholders."
Ms. Granoff concluded, "We are continuing to execute our long-term strategic plan to drive growth and improved profitability. Our product is more compelling, our merchandise mix is more focused, and our marketing more clearly communicates our fashion identity while retaining our unique social voice. We believe our ability to offer well-priced designer fashion to today's discerning consumer will enable us to generate increased value for our shareholders."
Kenneth Cole Productions Inc
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