Special Reports

Kenneth Cole

Published

19 years ago

July 29, 2005

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Kenneth Cole Productions Inc. (New York) reported a 5.6 percent increase in revenues for the second quarter ended June 30, 2005.

Net sales increased 5.3 percent.

“We are pleased to have completed the second quarter on plan with respect to both our operational and financial goals,” said chairman and ceo Kenneth Cole. “We also made strides in our plan to elevate and reposition our brands. Given the success of such and because of the rapidly changing specialty and department store environments, we have decided to accelerate this strategy. Although this will likely result in some pressure on second-half results, we are confident that this is the best decision for the business and it will ultimately generate more meaningful returns, including a stronger, more viable, and relevant business model.”

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