Department Stores Deepen Focus on Private Label, Exclusive Brands

Department stores sharpened their focus on private label and exclusive products in Q2 ended July 29. Macy’s, Kohl’s, J.C. Penney and Nordstrom, all having closed stores in the face of sluggish sales, each spotlighted private label and exclusive brands in their reports and executive comments: Macy’s now carries more than 20 private label brands and plans to increase exclusive products

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Longtime Iconix DTRs Ending, Company Says

  Iconix Brand Group’s direct-to-retail (DTR) licensing agreements with Target (for Mossimo) and Walmart (Starter and OP) will be ending. The move came as the retailers sharpen their focus on private label and amid shrinking shelf space for the Iconix brands, which combined generated just under $40 million in annual retail sales, Iconix executives told analysts as the company reported

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Inside Licensing News and Notes, August 10, 2017

Executive Changes Changes at Universal Brand Development: Joe Lawandus, ex-Mattel, named Senior VP and General Manager for North American Consumer Products, joing the company in September;  Marc Low, currently Senior VP of International,  now will be  Senior VP and General Manager for International Consumer Products. Both will report to Vince Klaseus, President of Universal Brand Development. Manuel Torres Port will depart his post

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Disney Consumer Products and Interactive Media Income Up Despite Revenue Shortfall

Operating income for Disney’s Consumer Products and Interactive Media group rose 12% to $362 million in Q2 ended June 30 despite a 5% revenue decline to $1.08 billion. The company credited the income rise to increases in the merchandise licensing and games businesses. “The increase at merchandise licensing was primarily due to lower expenses driven by a decrease in general

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Licensing Playing Vital Role in Cannabis Industry

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Inside Licensing News and Notes, August 3, 2018

Spin Master Gains Spurred by Paw Patrol, Hatchimals Collegtibles Spurred by the continued success and expansion of Paw Patrol, plus the launch of Hatchimals Collegtibles, Spin Master recorded a six-fold increase in net income to $22.1M on a 54.2% revenue increase to $276.7 million in the second quarter ended June 30. The revenue increase was partially attributable to the company’s

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Inside Licensing News and Notes, August 1, 2017

Build-A-Bear Expanding Small-Store Format Build-A-Bear Workshop, with 130 leases expiring during the next three years, will increasingly move to a smaller format in mall concourses that will continue to emphasize licensed products, company executives told analysts. The company opened 17 of the 200-square-foot concourse locations in Q2 ended June 30 and has 20 in place, including two at Mall of

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Discovery Agrees to Acquire Scripps in $14.6B Deal

Discovery Communications and Scripps Networks Interactive announce a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6 billion. The transaction is expected to close by early 2018. A joint press release said the combined company “will produce approximately 8,000 hours of original programming annually, be home to approximately 300,000 hours of library content, and will generate a combined 7 billion short-form video streams monthly.”

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Cars 3 Business Sluggish as Mattel’s Q2 Revenue Rises

Mattel’s initial sales of Cars 3-related products are at the low-end of its sales projections, requiring the toymaker and Disney to ready broader promotions in connection with the film’s DVD and streaming release, Mattel executives told analysts as the company reported its earnings for its second quarter ended. Cars-3 product revenue, which Mattel previously forecast at $300 million, isn’t likely

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Inside Licensing News and Notes, July 27, 2017

Interparfums Keeping Jimmy Choo Licensing Agreement Intrerparfums’ fragrance licensing agreement with Jimmy Choo won’t be affected by the proposed $1.2 billion sale of the brand to Michael Kors, Interparfums Chief Financial Officer Russell Greenberg tells us. The company signed a 12-year deal with Jimmy Choo for fragrances in 2009, starting with women’s products and adding men’s in 2015. It is

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