Retail And Shipping Problems Bruise Kenneth Cole’S First Quarter

Kenneth Cole Productions’ net income sunk by 59.1 percent to $3,064,000 in the 1st quarter. The company blamed a stagnant retail business for a decline of 140 basis points in the gross margin to 41.8 percent. Revenues dropped by 5.6 percent to $122.6 million due to late deliveries from a ...

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