Iconix Takes Hit from Sears Bankruptcy
ICON’s net income was $20,224,000 in the third quarter benefitting from one-time non-cash gains, against last year’s horrific $550,571,000 loss from goodwill and trademark impairment charges. The results include an $8.2 million charge to write off its receivable from bankrupt Sears. The revenue picture is increasingly grim, ... Log in to view full article.
