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XCEL BRANDS INC. (symbol: XELB) is a pioneering company in the acquisition, design, licensing, marketing, and retail sales of consumer brands. Headquartered in New York City, Xcel Brands is renowned for its innovative omnichannel sales strategy, which integrates interactive media, brick-and-mortar retail, and e-commerce. The company’s brand portfolio includes iconic names like Isaac Mizrahi, Judith Ripka, H Halston, and C. Wonder, among others.
Founded in 2011, Xcel Brands has revolutionized the retail industry by merging shopping, entertainment, and social media. The company is deeply involved in design, merchandising, planning, sourcing, production, licensing, marketing, and brand development. It offers a wide range of consumer products, including apparel, footwear, accessories, jewelry, and home goods.
Recent Achievements and Current Projects:
- As of January 2024, Xcel Brands announced a 30% investment in ORME, a groundbreaking short-form video (SFV) marketplace designed to transform social commerce.
- TWRHLL by Christie Brinkley is set to launch exclusively on HSN in Spring 2024, showcasing a collection of apparel reflecting Brinkley’s iconic style.
- A partnership with Crayola led to the launch of the Longaberger x Crayola Home Accessories Collection, bringing vibrant and creative designs to home decor.
With a team of over 50 designers and social media-focused marketing executives, Xcel maintains control over product quality and promotion across all licensed product categories and distribution channels. The company's strategy of leveraging live streaming, social commerce, and digital platforms has generated over $4 billion in retail sales.
Led by a seasoned executive team with extensive experience in retailing, licensing, design, and marketing, Xcel Brands continues to elevate branded consumer products through innovative strategies and partnerships.
Xcel Brands, Inc. (NASDAQ: XELB) announced on April 16, 2021, that it received a delinquency notification from Nasdaq for failing to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2020. The notification does not immediately affect its stock listing. The company had to postpone its audit and financial results announcement. Nasdaq requires Xcel to submit a compliance plan within 60 days, which could grant an extension of up to 180 days to regain compliance. Xcel aims to file the 10-K report within the 60-day window.
Xcel Brands, Inc. (NASDAQ: XELB) reported a 20% increase in fourth quarter net product sales to $2.6 million, despite a net loss of $10.4 million or ($0.54) per share on a GAAP basis. For 2020, total revenue decreased to $29.4 million, down $12.3 million from the previous year, attributed mainly to the COVID-19 pandemic. However, gross profit margins improved from 75% to 81%. The company recorded a $13 million impairment charge related to the Judith Ripka brand. Adjusted EBITDA was $0.2 million for Q4 and $4.1 million for FY 2020.
Xcel Brands, Inc. (NASDAQ: XELB) is set to release its fourth quarter 2020 financial results on April 21, 2021, after market close. The company will also host a conference call for the investment community at 5:00 p.m. Eastern Time that same day. Interested participants can access the call via a live webcast on Xcel's Investor Relations page or by dialing in directly. Xcel Brands operates in the media and consumer products space, generating over $3 billion in retail sales through innovative sales strategies that integrate live streaming and various retail channels.
Xcel Brands (NASDAQ: XELB) announced a refinancing of its credit facility, securing an initial $25 million term loan and the potential for an additional $75 million for acquisitions, subject to lender approval. This refinancing aims to enhance liquidity, providing $10 million immediately, and to support strategic growth in the digital and livestreaming direct-to-consumer business. The company expects the timing to be optimal for this financing move, allowing it to capitalize on attractive market opportunities.
Xcel Brands, Inc. (NASDAQ: XELB) has announced a delay in releasing its 2020 financial results and Form 10-K due to incomplete audits. The company expects to file its Form 10-K by April 22, 2021. A significant impairment charge of approximately $13 million will be recorded for the Judith Ripka brand trademarks, attributed to setbacks in implementing its retail strategy amidst the COVID-19 pandemic. The company is focused on its media and consumer products business across various brands including Isaac Mizrahi and Halston.
Xcel Brands, Inc. (NASDAQ: XELB) has announced the rescheduling of its fourth quarter 2020 financial results, now set to be released after market close on April 15, 2021. A conference call will follow at 5:00 p.m. Eastern Time, accessible via a live webcast on Xcel’s Investor Relations website. Xcel Brands is a media and consumer products company known for its design and marketing of branded apparel, footwear, and home goods, having generated over $3 billion in retail sales through live streaming.
Xcel Brands, Inc. (NASDAQ: XELB) will announce its fourth quarter 2020 financial results on April 13, 2021, post-market. The company will host a conference call at 5:00 p.m. ET to discuss its results, accessible via the Investor Relations section of its website or through a dial-in option. Xcel specializes in the design, marketing, and sales of consumer products across various channels, including live streaming, and has generated over $3 billion in retail sales. The call replay will be available for two weeks.
Xcel Brands, Inc. (NASDAQ: XELB) announced an agreement to acquire the LOGO™ brand by Lori Goldstein, aiming for growth through a multi-channel approach including e-commerce and live streaming. LOGO has generated over $1.5 billion in retail sales since its inception in 2009 and offers a range of women’s fashion categories. This acquisition is expected to enhance Xcel's brand portfolio and drive significant growth opportunities. Both parties emphasize a shared vision for expanding distribution and tapping into consumer preferences for style and individuality.
Longaberger has appointed Scott Halversen as President of Sales as of February 2021, aiming to enhance the social commerce landscape for female entrepreneurs. He brings over 25 years of experience from notable companies like Rodan + Fields and Tupperware Brands, historically achieving growth targets for divisions with revenues from $100M to $850M. Under his leadership, the brand anticipates a 100% increase in its community of Home & Lifestylist Influencers within the next year. The recent launch of Longaberger LIVE enhances customer experience through live video shopping.
Longaberger, a renowned American home goods brand, has launched Longaberger LIVE, a live streaming platform for shopping and education. This innovative initiative aims to enhance the customer experience by integrating live video shopping with popular hosts and influencers. The first event is set for February 8, 2021, featuring exclusive offers and a chance to win a $500 gift card. CEO Robert W. D'Loren anticipates a 25-33% increase in monthly sales from these live shows, leveraging proven sales strategies and a partnership with interactive video shopping provider Bambuser.
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