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Article Date: June 2020
Word Count: 146

Apex Global Brands Revenue Slips 20%


Helped by a $9.4 million tax refund that partially offset a $9.8 million impairment charge, net loss narrowed to $1,849,000 from a loss of $2,258,000 in the first quarter, on 20% lower licensing revenue of $4,034,000 down from $5,052,000. Revenues fell short due to the non-renewal of the Japanese Cherokee license and lower licensee sales across the board due to the coronavirus pandemic. The impairment charge included a $5.4 million goodwill write down ... Log in to view full article.

 


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