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Article Date: September 2020
Word Count: 132

Apex Global Brands Loss Grows as Pandemic Hits Revenues

Net loss at the Hi-Tec, Magnum, and Tony Hawk brand owner expanded 5% to $1,333,000 in Q2 from a loss of $1,267,000 on 22% lower revenues of $4,379,000 down from $5,603,000, as a 32% reduction in SG&A was not enough to offset its heavy interest burden. Revenues were impacted by lower licensee sales due to the pandemic, and the non-renewal of certain Cherokee brand licensing deals. ... Log in to view full article.


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