Headlines

Cole Cool

Kenneth Cole increases 2Q earnings despite revenues drop

Published

21 years ago

July 30, 2003

admin1

Kenneth Cole Productions Inc. (New York) has announced a 15.4 percent increase in earnings per share for its second quarter ended June 30, 2003.

Wholesale revenues for the second quarter decreased by 9.3 percent and there was a 4.4 percent decrease in comparable-store sales.

But, said chairman and ceo Kenneth Cole, “we achieved our short-term earnings goal and improved our operating margin despite difficult market conditions. Our focus continues to be on improving our merchandising, managing our inventory, controlling our costs, and furthering our diversification initiatives.”

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