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. develops and manages consumer brands through licensing, design, merchandising, sourcing, marketing and brand-development agreements. The company’s updates center on influencer-led brands built for social commerce, livestream shopping and television retail channels, including product collections for home, kitchenware, apparel, accessories and related lifestyle categories.
Recurring XELB news covers quarterly and annual results, brand launches on HSN and QVC, partnerships tied to Longaberger and other lifestyle properties, portfolio changes such as the sale of the Judith Ripka fine-jewelry brand, and capital actions including private placements and other financing arrangements. Coverage also reflects the company’s mix of legacy brands and new influencer-driven brand programs.
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Xcel Brands, Inc. (NASDAQ: XELB) announced a strategic transformation focusing on live streaming and social commerce, expected to yield over $10 million in operating cost savings annually starting Q2 2023. The company reported Q4 2022 revenue of $4.1 million, down 50% year-over-year, primarily due to reduced licensing revenue following the sale of the Isaac Mizrahi brand. The net loss attributable to shareholders was approximately $6.0 million or $(0.30) per share. For the full year, total revenue was $25.8 million, reflecting a 32% decline. The company’s restructuring efforts include new licensing agreements and joint ventures aimed at improving its cost structure. The transition should be completed by the second quarter of 2023.
Xcel Brands, Inc. (NASDAQ: XELB) has announced a strategic licensing partnership with One Jeanswear Group (OJG) to produce apparel for the C. Wonder by Christian Siriano brand, starting this fall 2023. This agreement extends their collaboration, as OJG already manufactures LOGO by Lori Goldstein apparel under license from Xcel. CEO Robert W. D’Loren emphasized OJG's expertise in apparel as a key factor for this partnership. Christian Siriano, the brand’s Creative Director, launched the C. Wonder brand in March 2023 and actively promotes it through HSN. The move aligns with Xcel's strategy to connect brands directly with consumers through livestream shopping, capitalizing on a growing market where they have generated over $3 billion in retail sales via digital channels.
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.