Xcel Brands'S Losses In The First Quarter Were Mainly Dragged Down By The Big Environment.

Due to the gradual decrease in demand, the hard and luxurious industry, at the same time,

As well as the jewelry category of fast fashion industry, this has caused a great impact, resulting in a lot of hard and luxurious brand management companies failing to perform better than expected.

It is reported that days ago

Brand management company announced its first quarter earnings.

In the first quarter of March 31st, the group's total revenue recorded an increase of 27% to $84 million, compared with the same period last year in the previous fiscal year of $66 million.

Xcel Brands's share price rose 1.7% to $6.1 on the same day because of net losses.

However, for Xcel Brands with Quick Time Response, it is necessary to enrich the too empty brand portfolio to provide more protection for Quick Time Response.

But because of the continuous hard and luxurious industry downturn, the group develops the online fast fashion jewelry category.

The strong growth performance brought by Quick Time Response made the group's net loss to be compensated, thus narrowing its net loss to US $45 thousand from the same period in the same period of last fiscal year.