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Article Date: January 2018
Word Count: 199

Iconix, Revenues Dropping, Takes $625.5 Million Impairment Charge

The charges, triggered by the loss of some major licensing deals with Walmart, will see the goodwill in the women’s segment written down by $227.6 million, $135.9 million in men’s, $69.5 million in home furnishings and $88.7 million in international. As a result, it reported a $552,701,000 loss for the third quarter ended Sep. 30 compared to income of $15,216,000 which takes into account minority interests and a loss of $2,130,000 from discontinued operations this year against income of $2,734,000. Sales declined 12% to $53,165,000 compared to $60,457,000, with women’s down 13% to $21,043,000; men’s off 5% to $11,393,000; ... Log in to view full article.


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