Welcome to our dedicated page for Xcel Brands news (Ticker: XELB), a resource for investors and traders seeking the latest updates and insights on Xcel Brands stock.
Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company that regularly issues news about its branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, as well as its social commerce and livestreaming activities. Founded in 2011 and headquartered in New York City, the company focuses on building and managing lifestyle brands such as Halston, Judith Ripka, C. Wonder, and Longaberger, along with creator-led collaborations including TowerHill by Christie Brinkley, Trust. Respect. Love by Cesar Millan, GemmaMade by Gemma Stafford, and Mesa Mia by Jenny Martinez.
News related to Xcel Brands often covers several key areas. Earnings releases and conference call announcements provide updates on revenues, net income or loss, non-GAAP net income, and Adjusted EBITDA, along with commentary on cost reductions, brand divestitures, and changes in licensing revenue. Capital markets updates detail public offerings, private placements, and PIPE financings, including the intended use of proceeds for brand development, working capital, and general corporate purposes.
Another major theme in XELB news is the launch and expansion of creator-led and influencer-driven brands. Press releases describe strategic partnerships with creators and product development partners, such as TSC Product Lab, to introduce new kitchenware, food, and home-focused brands that align with the company’s social commerce strategy. Governance and corporate updates, including changes in senior leadership roles and auditor appointments, are also disclosed through news and Form 8-K filings.
Investors and followers of XELB news can use this stream of announcements to track new brand launches, licensing partnerships, livestreaming initiatives, financing transactions, and the company’s evolving social commerce footprint.
Xcel Brands (NASDAQ: XELB) has announced a new licensing agreement with JTV to sell Judith Ripka fine jewelry through JTV’s e-commerce site and live TV broadcasts. The sales will commence in June online and in August via broadcasts. Xcel's CEO, Robert W. D’Loren, expressed confidence in the collaboration, citing JTV's expertise in jewelry retailing and digital broadcasting. JTV is a leading U.S. jewelry retailer, providing 24/7 live broadcasts and a robust online presence. This partnership aligns with Xcel's strategy of leveraging livestream technology to enhance direct consumer engagement, building a live-selling ecosystem. Xcel Brands owns several well-known brands, generating over $3 billion in retail sales through digital channels.
On April 13, 2023, Charles & Colvard (Nasdaq: CTHR) announced a strategic retail partnership with XCEL Brands' Longaberger. This collaboration will feature the Moissanite by Charles & Colvard® line on Longaberger's website. The partnership aims to align with Longaberger's community-focused brand ethos and Charles & Colvard's commitment to ethical jewelry creation using Made, Not Mined™ gems. Both companies express optimism about enhancing customer engagement through innovative sales strategies, including livestreaming. XCEL Brands is recognized for its media-driven commerce approach, further positioning this partnership to capture emerging consumer markets.
HSN has launched an exclusive ready-to-wear apparel line, C. Wonder by Christian Siriano, featuring sizes from XS to 3X, reinforcing its commitment to inclusive sizing. The collection, created in collaboration with fashion designer Christian Siriano, aims to provide styles that suit all women, priced between $40 and $150. Siriano will act as the Creative Director and public face of the brand. The collection includes over 25 styles, emphasizing pop culture trends and classic feminine designs. Customers can shop the new line exclusively on HSN starting March 10, 2023, with a full launch on March 30, 2023.
Halston, a division of Xcel Brands (NASDAQ:XELB), has announced a new collaboration with Australian luxury brand Homebodii. This 12-piece capsule collection, launching on November 30, combines Halston's iconic style with Homebodii's effortless designs. Prices range from $89.95 to $189. The partnership is the first under new creative director Ken Downing and aims to reflect Halston’s chic heritage while appealing to modern consumers.
Xcel Brands, Inc. (NASDAQ: XELB) reported third-quarter financial results for 2022, revealing total revenues of $4.5 million, a 60% decrease year-over-year. The company experienced a net loss of $4.0 million, or $(0.21) per share, compared to a net loss of $1.1 million in the same quarter last year. Year-to-date revenues reached $21.7 million, down $8.1 million, attributed to lower licensing and wholesale apparel sales. Despite these challenges, Xcel announced new on-air talent appointments and plans to launch products in Spring 2023, aiming to leverage its livestreaming business.
Xcel Brands (NASDAQ: XELB) will report its third quarter 2022 financial results on November 14, 2022. A conference call for the investment community is scheduled for 10:00 a.m. ET on November 15, where the company will discuss its financial performance and future outlook. Interested parties can access the call via a webcast on Xcel's Investor Relations page or by dialing in directly. Xcel specializes in media and consumer products, owning several brands and pioneering an omni-channel sales strategy.
Xcel Brands (NASDAQ: XELB) announced the launch of C. Wonder by Christian Siriano, appointing the acclaimed fashion designer as its Creative Director. This brand aims to enhance Xcel's live-selling ecosystem and engage directly with consumers. Mr. Siriano, known for his celebrity clientele and innovative designs, will maintain his own collection while introducing modern ready-to-wear and accessories for C. Wonder. The strategic investment in livestreaming technology positions Xcel as a leader in the interactive TV market, contributing to its ongoing success in branded consumer products.
Xcel Brands reported a second quarter 2022 GAAP net income of $9.5 million, or $0.48 per diluted share, despite a non-GAAP net loss of $3.6 million.
The company recognized a $20.6 million gain from selling a majority interest in the Isaac Mizrahi brand, using 65% of proceeds to eliminate $4.5 million in debt. Revenue was $8.5 million, a 21% decrease from the prior year, driven by declining wholesale sales and lower licensing revenue due to the Mizrahi sale. Despite ongoing supply chain challenges, Xcel's balance sheet improved with no debt and $10.9 million in cash.
Xcel Brands, Inc. (NASDAQ: XELB) will report its second quarter 2022 financial results on August 15, 2022, before markets open. A conference call is scheduled for the same day at 11:00 a.m. ET, which will be accessible via webcast on their Investor Relations website. Xcel Brands specializes in media and consumer products, including branded apparel and accessories, and has generated over $3 billion in retail sales through live streaming and digital channels. Founded in 2011, Xcel is focused on integrating shopping, entertainment, and social media.
Xcel Brands has appointed Ken Downing as Creative Director of the Halston brand, effective August 1, 2022. Downing, known for his influential role at Neiman Marcus, will lead Halston's creative direction and engage customers through livestream sessions. This strategic move aims to strengthen Xcel's position in the fast-growing retail livestreaming marketplace. Xcel Brands, a leader in media and consumer products, focuses on direct-to-consumer sales and innovative livestreaming technology.