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Iconix Brand Group Inc.

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Shares of Iconix have been underperforming the industry since the past six months. We note that the company, which recently posted dismal preliminary results for third-quarter 2017, has been delivering weak results (especially in the women's and men's segments) for quite some time now. The company is also experiencing continued weakness in its men's portfolio owing to declines in the Starter brand. We note that Starter brand has been downsized at Walmart stores, which is majorly hurting Iconix’s business. Nevertheless, Iconix has been undertaking several initiatives to boost its performance. It has been executing its global brand expansion plans through international joint ventures, and licensing agreements. In fact the company prides over having several direct to retail deals with retail giants. Further, Iconix Brand has taken significant steps to strengthen its balance sheet and enhance its financial flexibility.


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