Headlines

Coal in Cole's Stocking

Citing 'challenging' December, Kenneth Cole lowers sales projections

Published

19 years ago

January 17, 2005

admin1

Kenneth Cole Productions Inc. (New York) expects to report fourth quarter 2004 results below its prior guidance and current consensus estimates. The company now believes it is likely to report revenues of $133 million to $135 million.

Cole noted that a “generally challenging December,” particularly in its consumer-direct catalog business, is primarily responsible for the shortfall. Cole continues to believe that it will attain its prior guidance for sales and earnings growth in fiscal 2005 of 10 to 15 percent.

Kenneth Cole Productions Inc. designs, sources and markets footwear, handbags and accessories. It operates about 80 retail and outlet stores, and its products are also distributed through more than 4500 department stores and specialty stores.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design