Iconix posts 31 percent drop in Q2 sales

Iconix Brand Group, Inc., for the second quarter, reported total revenue of 34.4 million dollars, a 31 percent decline, compared to the second quarter of 2018. The company said, such decline was expected, principally as a result of the transition of Danskin and Mossimo direct to retail licenses in women’s segment, while revenue was also impacted by the effect of the Sears bankruptcy on Joe Boxer and Bongo brands in women’s and the Cannon brand in home. For the six months ended June 30, 2019, total revenue was 70.3 million dollars, a 29 percent decline compared to same period ended June 30, 2018.