Xcel Brands appoints Deborah Weinswig to its board of directors

NEW YORK, 2018-Jan-29 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) announced today (Jan. 25, 2018) the appointment of Deborah Weinswig to its board of directors. A leading global retail analyst, Weinswig is the Managing Director of FGRT (Fung Global Retail & Technology), the think tank for the Hong Kong-based Fung Group.

Robert D’Loren, Chairman and Chief Executive Officer of Xcel Brands, Inc. said, “We are thrilled to add Deborah to our board of directors. She is a highly respected innovator in retail and technology and brings deep expertise and thought leadership to our organization. I look forward to working together to drive change and develop new solutions for today’s retail challenges.”

As Managing Director of FGRT, Weinswig built the team’s research capabilities and provided insights into the advanced technologies that are changing the global retail industry. Earlier, Weinswig served as Head of the Global Staples & Consumer Discretionary Team at Citi Research. She was ranked as the #1 analyst by Institutional Investor for 9 consecutive years, and in 2012 was named one of Business Insider’s “36 Best Analysts on Wall Street.”

“It is exciting to be joining the board of Xcel Brands, a company I have long admired for its bold leadership in disrupting the retail environment,” commented Weinswig. “The combined forces of Xcel’s senior executive team and board of directors will continue to leverage breakthrough technologies that expand the business and create greater value to shareholders, retail partners, and consumers.”

Weinswig is a member of the advisory board of numerous accelerators including Alchemist Accelerator, where she serves as faculty mentor; The Cage, a Hong Kong–based accelerator powered by The Lane Crawford Joyce Group; Entrepreneurs Roundtable Accelerator; Grand Central Tech; New York Fashion Tech Lab; Plug and Play; Revtech Accelerator; Techstars; TrueStart (UK); and XRC Labs. Weinswig also serves as an advisor to companies such as Eventable, Enterworks, Fashwire, LincGlobal, Nanopay, Rich Receipts, Smartzer, Tooso, SupplyAI, TigerTrade, and TRIVVER.

Weinswig was named among the top five retail influencers of 2018 and 2017 by Vend, the cloud-based point-of-sale and retail platform, and is a recipient of the Asia Retail Congress’s Retail Leadership Award.
In addition, she serves as an e-commerce expert for the International Council of Shopping Centers’ (ICSC’s) Research Task Force and was a founding member of the Oracle Retail Industry Strategy Council. She is a member of the board of directors of Kiabi (affiliated with the Auchan Group); an executive board member of The Terry J. Lundgren Center for Retailing at the University of Arizona; and an advisory board member of the World Retail Congress and a founding member of the Goodwill Retail Advisory Council.  She also serves on the boards of numerous philanthropic organizations, including GoodXChange and Street Soccer USA.

Ms. Weinswig’s appointment to Xcel’s board fills a vacancy following the retirement of Edward Jones.  In accordance with Xcel’s board procedures, Ms. Weinswig will be a candidate for re-election to the board at the company’s annual meeting of stockholders.

About Xcel Brands (www.xcelbrands.com)
Xcel Brands, Inc. (NASDAQ:XELB) is a media and consumer products company engaged in the design, production, licensing, marketing and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder and Highline Collective brands, pioneering an omnichannel sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant technology, design, merchandising, production, marketing, retailing, and licensing experience and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. The total lifetime retail sales of its brands exceed $7.5 billion.

Contact:
Stephanie Taylor
347-727-2483
staylor@xcelbrands.com

Source: Xcel Brands, Inc/globenewswire

Xcel Brands recognized at the 2017 Best in Biz Awards

ACROSS A COMPETITIVE FIELD OF 650 ENTRIES, THE LEADING RETAIL INNOVATOR IS RECOGNIZED AS ONE OF THE TOP COMPANIES OF THE YEAR

NEW YORK, NY, 2017-Dec-19 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB), a brand management and media company whose portfolio includes brands such as Isaac Mizrahi, Judith Ripka, H Halston and C. Wonder, has been named a silver winner for the medium-sized Company of the Year category in the 2017 Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Xcel Brands was selected across a competitive field of 650 entries including public and private companies of all sizes and from a variety of industries and geographic regions in the U.S. and Canada.

An innovator and disruptor in the retail industry, Xcel Brands received this recognition due to its impressive growth, achievements and excellence in 2016 and 2017. Following its third consecutive year of double digit growth and reaching in excess of $500MM in retail sales last year, Xcel Brands continues to make an impact on the retail industry through its “fast-to-market” model that delivers goods from sketch to store in as little as six weeks, compared to the industry average of six to nine months. In addition, Xcel uses its proprietary Integrated Technologies platform, which includes data science, trend analytics and social listening tools, to identify and execute on emerging trends and inventory opportunities. At its highest level, Xcel Brands is a solutions provider to its retail partners, acting as a virtual supply chain that gives the retailer the entire margin and works on a percentage of sales.

“We are honored to be recognized as one of the top Companies of the Year by the Best in Biz Awards,” said Xcel Brands Chairman and CEO, Robert D’Loren. “This recognition is a testament to the hard work and dedication of our entire team, and the success and innovation that we’ve brought to our brands and retail partners through our fast-to-market approach. We are looking forward to the company’s continued innovation and the growth it will drive in 2018.”

Each year, Best in Biz Award entrants span a broad spectrum, from some of the most innovative local start-ups to the most recognizable global brands such as Wells Fargo, GoDaddy, Ernst & Young. The 2017 judging panel included individuals from leading publications such as the Associated Press, Forbes and Harvard Business Review, among others.

About Xcel Brands (www.xcelbrands.com)
Xcel Brands, Inc. (NASDAQ:XELB) is a media and consumer products company engaged in the design, production, licensing, marketing and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder and Highline Collective brands, pioneering an omnichannel sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant technology, design, merchandising, production, marketing, retailing, and licensing experience and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. The total lifetime retail sales of its brands exceed $7.5 billion.

SOURCE: Xcel Brands/ GLOBE NEWSWIRE

Contact

Stephanie Taylor
347-727-2483
staylor@xcelbrands.com

Xcel Brands extends Isaac Mizrahi brand to home, fashion and beauty categories

NEW YORK, 2017-Nov-04 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) today (Nov. 02, 2017) announced the expansion of the Isaac Mizrahi brand with three launches across the home, fashion and beauty categories, extending the Mizrahi portfolio in both reach and diversification.

Debuting exclusively at Bed Bath & Beyond® is a collection of stylish bedding from Isaac Mizrahi Home, developed in partnership with Royal Heritage Home, a leading textile company.  Now available online and at Bed Bath & Beyond locations nationwide, the collection features three chic bedding sets in colorful floral, black and white floral, and polka dot, complemented by a selection of decorative accent pillows for a curated Mizrahi interior.  To view the collection and watch a video featuring Isaac Mizrahi attempting to put his insomnia to bed.

The highly successful IMNYC Isaac Mizrahi apparel and accessories collection, epitomizing timeless cosmopolitan style, has now expanded to Dillard’s, in addition to its popular presence at Lord & Taylor in the U.S. and Hudson’s Bay in Canada.  The collection offers contemporary daywear and career wear for the confident woman who does it all, featuring wardrobe essentials in black and white, signature Isaac prints, and bright color: view IMNYC Isaac Mizrahi at Dillard’s.

October also marks the launch of Isaac Mizrahi L♥ves Revlon.  This collaboration puts the fun in functionality with the debut of a nine-piece limited edition beauty tools collection, including manicure essentials, eyelash curler, eyebrow tweezers and a chic compact. These fashionable tools feature Mizrahi’s signature stripes, polka dots, gingham, and a bold floral from his archive. The collaboration will continue with a second set of beauty tools in 2018.  Shop the collection at retailers nationwide.

CEO and Chairman of Xcel Brands, Inc. Robert D’Loren said, “Across all categories, Isaac Mizrahi’s loyal fans and followers are always looking for new ways to bring more of Isaac’s incredible style into their lives through high quality apparel and products.  We are pleased to be expanding our collections, as we continue to build upon the success of this powerhouse brand.”

Isaac Mizrahi added: “My desire to make the everyday more exciting through color and pattern is at the core of everything I design.  Whether in a closet, bedroom or medicine cabinet, great style adds pizazz — and why not take every opportunity to fill your life and home with things that make you happy?”

Xcel Brands, Inc. acquired the Isaac Mizrahi brand in 2011.  Product is available on interactive television at QVC and The Shopping Channel, and at leading retailers nationwide in categories including apparel, accessories, footwear, home goods, eyewear, textiles, travel accessories, crafts, tech accessories, textiles and infant wear.

Xcel Brands, Inc. (NASDAQ:XELB) is a brand management and media company engaged in the design, production, licensing, marketing and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering an omnichannel sales strategy which includes the promotion and sale of products under its brands through direct response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on production and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. Xcel differentiates by design. www.xcelbrands.com

Isaac Mizrahi has been a leader in the fashion industry for 30 years.  Since his first collection in 1987, Mizrahi’s designs have come to stand for timeless, cosmopolitan, style.  He has been awarded four CFDA Fashion Awards, including a special award in 1996 for the groundbreaking documentary “Unzipped.” Mizrahi is Chief Designer for both the ISAACMIZRAHILIVE! and IMNYC Isaac Mizrahi labels, which are each divisions of Xcel Brands, Inc. In the Spring of 2016, Mizrahi launched IMNYC Isaac Mizrahi, available exclusively at Hudson’s Bay, Lord & Taylor and Dillard’s department stores.  Previously, in 2009, Mizrahi launched his exclusive lifestyle collection, ISAACMIZRAHILIVE! on QVC.  Television audiences have come to value Mizrahi’s media presence through his roles on Lifetime’s “Project Runway All Stars,” and other appearances on television where he offers his expertise on fashion and style.

Media Contact:
Stephanie Taylor
staylor@xcelbrands.com
347-727-2483

Source: Xcel Brands, Inc. /globenewswire

Xcel Brands to host Q3 2017 financial results conference call on Thursday, November 9, 2017

NEW YORK, 2017-Nov-04 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a brand management and media company, today (Nov. 02, 2017) announced that it will report its third quarter 2017 financial results after market close on Thursday, November 9, 2017. The Company will hold a conference call with the investment community at 5:30 p.m. Eastern Time that day.

A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at www.xcelbrands.com. Interested parties unable to access the conference call via the webcast may dial 877-397-0292. A replay of the conference call will be available on the Company website for approximately two weeks following the event and can be accessed at 844-512-2921 using replay pin number 5062738.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a media and brand management company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.  With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels.  Xcel differentiates by design.  www.xcelbrands.com

For further information please contact:

Andrew Berger
SM Berger & Company
216-464-6400
andrew@smberger.com

Source: Xcel Brands, Inc. /globenewswire

Xcel Brands announces new, exclusive licensing agreement with Stars Design Group to manufacture its menswear collections

SEASONED RETAIL EXECUTIVE NEAL KUSNETZ, NAMED PRESIDENT OF MENSWEAR, WILL LEAD XCEL’S MENSWEAR DIVISION

NEW YORK, 2017-Oct-09 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB), a leading retail innovator, announced today (Oct. 05, 2017) a new, exclusive licensing agreement with Stars Design Group, Inc. to manufacture its menswear collections. Concurrent with this appointment, Neal Kusnetz will serve as President of Menswear for Xcel Brands, where he will oversee the licensing and growth of Menswear for Xcel.  Mr. Kusnetz will also serve as President of Stars Design Group’s Men’s Retail Division where he will oversee sales efforts for the company under Xcel’s brands. Together, these advancements position Xcel Brands for new growth opportunities by providing new and iconic branding in menswear apparel to retailers.

“We are enthusiastic about the growth of Menswear at Xcel Brands, and are confident in the expertise of both Stars Design Group and Neal Kusnetz to accelerate our success in this category,” commented Robert D’Loren, Chairman and CEO of Xcel Brands. “We’re pleased to be working with a cutting-edge manufacturer like Stars Design Group, and we’re confident that Neal’s background in unifying media and retail into singular brand experiences will help drive new solutions for our retail partners.”

An industry leader with over twenty years of experience in design and global production for apparel brands in the U.S., Europe, and Asia, Stars Design Group will manage the production of Xcel Brands’ menswear collections for the H Halston and Highline Collective brands, both of which are currently available exclusively at Lord & Taylor and Hudson’s Bay.

“We are thrilled to be partnering with Xcel Brands, which is recognized throughout the retail industry for its strong brands, innovative business model, and forward thinking approach that creates truly seamless shopping experiences,” commented Bret Schnitker, CEO and President of Stars Design Group. “We are encouraged by the success that Xcel has achieved to date and the positive impact this particular strategy has had on the bottom line for retail partners.”

Neal Kusnetz will leverage over two decades of experience in fashion and retail to oversee the expansion of menswear at Xcel. Prior to joining Xcel Brands, Mr. Kusnetz was Partner and Senior Advisor of The Convergence Lab, a business development, R&D and consultancy think-tank focused on the convergence of technology, media and retail. Earlier, Mr. Kusnetz co-founded Robert Graham, the luxury men’s lifestyle and fashion brand, and served as the brand’s President for nearly 15 years.

“I was drawn to the Xcel Brands and Stars partnership because of its innovative, forward-thinking approach to apparel and retail, which aligned so well with my background,” said Neal Kusnetz, President of Menswear at Xcel Brands. “I’m excited to join a team that’s disrupting the way retail does business, and I’m looking forward to expanding its reach and distribution in menswear.”

With the addition of Mr. Kusnetz and the new licensing agreement with Stars Design Group, Xcel Brands will continue to meet growing consumer demand for unique, high-value fashionable menswear. Xcel’s innovative business model generates $500 million in retail sales across all of its distribution channels.

ABOUT XCEL BRANDS, INC. (www.xcelbrands.com)
Xcel Brands, Inc. (NASDAQ:XELB) is a brand management and media company engaged in the design, production, licensing, marketing and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder and Highline Collective brands, pioneering an omnichannel sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. Xcel differentiates by design.

ABOUT STARS DESIGN GROUP, INC. (www.starsdesigngroup.com)
Stars Design Group, Inc. founded in 2000, is a global full-service apparel manufacturing group specializing in leading technologies to support clients from design, product development, production to delivery. Stars partners Bret Schnitker, Gerry Leonard, and John Seramur lead the global management team that combined have over 100 years of experience in apparel design, manufacturing and finance. The uniquely balanced approach of innovative virtually real 3D Design services, comprehensive fabric and trim libraries in multiple classifications, in depth knowledge of technical fit, constructions, dyeing, finishing and assembly, hands on production experience, comprehensive quality control, full logistics and in-house customs brokerage ensure consistent execution on multiple fronts. In addition, the production footprint of over 67 factories in 14 countries enables Stars Design Group to effectively manage broad classifications of apparel to meet the objectives and demands of the current marketplace.

Media Contact:
Eleana Collins
Warschawski
eleana.collins@warschawski.com
410.367.2700 ext. 127

Source: Xcel Brands, Inc./globenewswire

Xcel Brands Q2 2017 financial results: Net Revenues of $8.4 Million

  • Company Expanding its Presence in Dillard’s
  • Second Quarter Net Revenues of $8.4 Million
  • Second Quarter GAAP Net Income of $0.2 Million
  • Second Quarter Non-GAAP Net Income of $1.5 Million; Adjusted EBITDA of $2.3 Million

NEW YORK, 2017-Aug-10 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a media and brand management company, today (Aug. 09, 2017) announced its financial results for the second quarter and six months ended June 30, 2017.

Robert W. D’Loren, Chairman and Chief Executive Officer of Xcel commented, “We are focused on providing solutions to help retailers navigate the complex transformation underway within our industry.  I am pleased by the continued growth in our department store business as our retail partners work with us to implement these solutions.  After the successful launch of our H Halston brand at Dillard’s this March, I am excited that we will be expanding our relationship with Dillard’s by launching our IMNYC Isaac Mizrahi brand this September.”

Mr. D’Loren continued, “The performance of our interactive television business remains strong.  The trends within our interactive business are improving with increased productivity per minute, and higher show achievement rates in our apparel businesses.  Xcel is well positioned to capitalize on the ongoing transformation that is impacting many of our markets as a result of the unique platform we have created and I am encouraged by the direction we are headed.”

Second Quarter 2017 Financial Results
Total net revenues for the second quarter of 2017 were $8.4 million, down approximately 8% from $9.1 million in the prior year quarter. This was primarily attributable to lower revenue associated with the C Wonder brand which is transitioning away from QVC and from the exiting of the LCNY license agreement in July 2016, both previously reported.  These were partially offset by higher revenues from our wholesale and department store businesses as we increase the number of stores our brands are sold in and expand our short-lead production platform in our department store business into more product categories.

GAAP net income was $0.2 million for the quarter ended June 30, 2017, or $0.01 per share, compared with a net loss of approximately ($0.1) million, or ($0.00) per share on a diluted basis, in the prior year quarter. After adjusting for certain cash and non-cash items, non-GAAP net income for the quarter ended June 30, 2017 was $1.5 million, or $0.08 per diluted share, compared with $1.9 million, or $0.10 per diluted share in the prior year quarter.

Adjusted EBITDA for the quarter ended June 30, 2017 decreased approximately $0.4 million to $2.3 million, compared with $2.7 million for the same quarter in the prior year.

The Company achieved significant growth in Non-GAAP net income and Adjusted EBITDA for the past two consecutive quarters, as the Company’s strategy of focusing on its own brands and the growth of the short lead production platform continues to improve results.

First Six Months of Fiscal 2017 Financial Results

Total net revenues for the six months ended June 30, 2017 were $16.8 million, down approximately 4% from $17.5 million in the same period in 2016. The decrease was attributable primarily to lower revenues associated with the management and design of the LCNY brand, partially offset by the previously mentioned higher revenues from our wholesale and department store businesses.

GAAP net loss was approximately ($0.2) million for the six months ended June 30, 2017, or ($0.01) per share, compared with net loss of ($0.1) million, or ($0.01) per share on a diluted basis, for the six months ended June 30, 2016. After adjusting for certain cash and non-cash items, non-GAAP net income for the six months ended June 30, 2017 was $2.7 million, or $0.14 per diluted share, compared with $3.1 million, or $0.16 per diluted share, for the same period in the prior year.

Adjusted EBITDA for the six months ended June 30, 2017 decreased approximately $0.5 million to $4.2 million, compared with $4.7 million for the same period in the prior year.

See reconciliation tables below for non-GAAP metrics. These non-GAAP metrics may be inconsistent with similar measures presented by other companies and should only be used in conjunction with our results reported according to U.S. generally accepted accounting principles (“GAAP”). Any financial measure other than those prepared in accordance with GAAP should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

The Company’s balance sheet at June 30, 2017 remained strong, with stockholders’ equity of $107.0 million, cash and cash equivalents of $7.6 million, and working capital of approximately $10.8 million.  During the current six months, the Company reduced its senior term debt by $5.3 million to $20 million, with a remaining $0.5 million principal payment due over the balance of 2017.

Conference Call and Webcast

The Company will host a conference call with members of the executive management team to discuss these results with additional comments and details at 5:00 p.m. Eastern Time on Wednesday, August 9, 2017. A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at www.xcelbrands.com. Interested parties unable to access the conference call via the webcast may dial 888-857-6931. A replay of the conference call will be available on the Company website for 30 days following the event and can be accessed at 844-512-2921 using replay pin number 8379955.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a media and brand management company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through interactive television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. Xcel differentiates by design.  www.xcelbrands.com

Forward Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release, including statements regarding future events, our future financial performance, business strategy and plans and objectives of management for future operations, are forward-looking statements. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “ongoing,” “could,” “estimates,” “expects,” “intends,” “may,” “appears,” “suggests,” “future,” “likely,” “goal,” “plans,” “potential,” “projects,” “predicts,” “seeks,” “should,” “would,” “guidance,” “confident” or “will” or the negative of these terms or other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding our anticipated revenue, expenses, profitability, strategic plans and capital needs. These statements are based on information available to us on the date hereof and our current expectations, estimates and projections and are not guarantees of future performance. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including, without limitation, the risks discussed in the “Risk Factors” section and elsewhere in the Company’s Annual Report on form 10-K for the year ended December 31, 2016 and its other filings with the SEC, which may cause our or our industry’s actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time and it is not possible for us to predict all risk factors, nor can we address the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause our actual results to differ materially from those contained in any forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

Non-GAAP net income and non-GAAP diluted EPS are non-GAAP unaudited terms. We define non-GAAP net income as net income, exclusive of stock-based compensation, non-cash interest expense from discounted debt related to acquired assets, gain on the reduction of contingent obligations, loss on extinguishment of debt, non-recurring facility exit charges, certain discrete tax items related to vesting or exercise of stock-based awards, and net income or loss from discontinued operations. Non-GAAP net income and non-GAAP diluted EPS measures do not include the tax effect of the aforementioned adjusting items, due to the nature of these items and the Company’s tax strategy.

Adjusted EBITDA is a non-GAAP unaudited measure, which we define as net income before stock-based compensation, interest and other financing costs, loss on extinguishment of debt, gain on the reduction of contingent obligations, income taxes, other state and local franchise taxes, depreciation and amortization, non-recurring facility exit charges, and net income or loss from discontinued operations.

Management uses non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA as measures of operating performance to assist in comparing performance from period to period on a consistent basis and to identify business trends relating to our results of operations. Management believes non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA are also useful because they provide supplemental information to assist investors in evaluating our financial results. Non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA should not be considered in isolation or as alternatives to net income, earnings per share, or any other measure of financial performance calculated and presented in accordance with GAAP. Given that non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA are financial measures not deemed to be in accordance with GAAP and are susceptible to varying calculations, our non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA may not be comparable to similarly titled measures of other companies, including companies in our industry, because other companies may calculate non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA in a different manner than we calculate these measures. In evaluating non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA, you should be aware that in the future we may or may not incur expenses similar to some of the adjustments in this document. Our presentation of non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA does not imply that our future results will be unaffected by these expenses or any unusual or non-recurring items. When evaluating our performance, you should consider non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA alongside other financial performance measures, including our net income and other GAAP results, and not rely on any single financial measure.

For further information please contact:
Andrew Berger
SM Berger & Company, Inc.
216-464-6400
andrew@smberger.com

Source: Xcel Brands, Inc.

Xcel Brands to report its Q2 2017 financial results on Wednesday, August 9, 2017

NEW YORK, 2017-Aug-04 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a brand management and media company, today (Aug. 02, 2017) announced that it will report its second quarter 2017 financial results after market close on Wednesday, August 9, 2017. The Company will hold a conference call with the investment community at 5:00 p.m. Eastern Time that day.

A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at www.xcelbrands.com. Interested parties unable to access the conference call via the webcast may dial 888-857-6931. A replay of the conference call will be available on the Company website for approximately two weeks following the event and can be accessed at 844-512-2921 using replay pin number 8379955.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a media and brand management company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.  With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels.  Xcel differentiates by design.  www.xcelbrands.com

For further information please contact:

Andrew Berger
SM Berger & Company
216-464-6400
andrew@smberger.com

Source: Xcel Brands, Inc./globenewswire

Xcel Brands announces strong performance in 1Q 2017

  • Company Reports First Quarter Net Revenues of $8.4 Million
  • First Quarter GAAP Pre-Tax Income of $0.1 Million; GAAP Net Loss of $0.4 Million
  • First Quarter Non-GAAP Net Income of $1.1 Million; Adjusted EBITDA of $1.9 Million
  • Company Announces Successful Launch of H Halston brand at Dillard’s

NEW YORK, 2017-May-12 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a media and brand management company, today (May 09, 2017) announced its financial results for the first quarter ended March 31, 2017.

“We are pleased by the strong performance of our interactive television business during the first quarter of 2017,” said Robert W. D’Loren, Xcel’s Chairman and Chief Executive Officer. He further stated, “We continue to refine our short lead production platform in our department store business and are excited to announce the successful launch of our H Halston brand at Dillard’s.”

First Quarter 2017 Financial Results
Total net revenues for the first quarter of fiscal 2017 were $8.4 million, up approximately 1% compared with the prior year quarter. This was attributable to higher revenues from interactive television and Quick-Time-Response department store initiatives, largely offset by the expiration of the LCNY agreement in July 2016.

GAAP net loss was $(0.4) million for the quarter ended March 31, 2017, or $(0.02) per share, compared with a net loss of less than ($0.1) million, or ($0.00) per share, in the prior year quarter. After adjusting for certain cash and non-cash items, non-GAAP net income for the quarter ended March 31, 2017 was $1.1 million, or $0.06 per diluted share, compared with $1.2 million, or $0.07 per diluted share in the prior year quarter.

Adjusted EBITDA for the quarter ended March 31, 2017 decreased approximately $0.1 million to $1.9 million, compared with $2.0 million for the quarter ended March 31, 2016.

See reconciliation tables below for non-GAAP metrics. These non-GAAP metrics may be inconsistent with similar measures presented by other companies and should only be used in conjunction with our results reported according to U.S. generally accepted accounting principles (“GAAP”). Any financial measure other than those prepared in accordance with GAAP should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

The Company’s balance sheet at March 31, 2017 remains strong, with stockholders’ equity of $106.1 million, cash and cash equivalents of $10.2 million, and working capital of approximately $10.5 million.

Conference Call and Webcast
The Company will host a conference call with members of the executive management team to discuss these results with additional comments and details at 5:00 p.m. Eastern Time on Tuesday, May 9, 2017. A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at www.xcelbrands.com. Interested parties unable to access the conference call via the webcast may dial 800-231-9012. A replay of the conference call will be available on the Company website for 30 days following the event and can be accessed at 844-512-2921 using replay pin number 4482351.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a media and brand management company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through interactive television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. Xcel differentiates by design.  www.xcelbrands.com

Forward Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release, including statements regarding future events, our future financial performance, business strategy and plans and objectives of management for future operations, are forward-looking statements. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “ongoing,” “could,” “estimates,” “expects,” “intends,” “may,” “appears,” “suggests,” “future,” “likely,” “goal,” “plans,” “potential,” “projects,” “predicts,” “seeks,” “should,” “would,” “guidance,” “confident” or “will” or the negative of these terms or other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding our anticipated revenue, expenses, profitability, strategic plans and capital needs. These statements are based on information available to us on the date hereof and our current expectations, estimates and projections and are not guarantees of future performance. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including, without limitation, the risks discussed in the “Risk Factors” section and elsewhere in the Company’s Annual Report on form 10-K for the year ended December 31, 2016 and its other filings with the SEC, which may cause our or our industry’s actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time and it is not possible for us to predict all risk factors, nor can we address the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause our actual results to differ materially from those contained in any forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

For further information please contact:
Jeff Sonnek/John Mills
ICR
646-277-1263
Jeff.Sonnek@icrinc.com / John.Mills@icrinc.com

Source: Xcel Brands, Inc./globenewswire

Xcel Brands to hold 1Q 2017 financial results conference call on Tuesday, May 9, 2017

NEW YORK, 2017-May-04 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a brand management and media company, today (May 3, 2017) announced that it will report its first quarter 2017 financial results after market close on Tuesday, May 9, 2017. The Company will hold a conference call with the investment community at 5:00 p.m. Eastern Time that day.

A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at www.xcelbrands.com. Interested parties unable to access the conference call via the webcast may dial 800-231-9012. A replay of the conference call will be available on the Company website for approximately two weeks following the event and can be accessed at 844-512-2921 using replay pin number 4482351.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a media and brand management company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.  With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. Xcel differentiates by design. www.xcelbrands.com

For further information please contact:
John Mills
ICR
646-277-1254
John.mills@icrinc.com

Source: Xcel Brands, Inc. /globenewswire

Xcel Brands signs exclusive license agreement with Pranda North America, Inc. for Judith Ripka LTD. fine jewelry product lines

NEW YORK, 2017-Apr-14 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) has executed an exclusive license agreement with Pranda North America, Inc. to manufacture its Judith Ripka LTD. fine jewelry product lines. For the last 18 years, Pranda has been a trusted manufacturer of the Judith Ripka branded product lines.

Robert D’Loren, Chairman and Chief Executive Officer of Xcel Brand’s Inc. remarked, “This collaboration marks a new chapter and an exciting future for our fine jewelry businesses and we are pleased to expand our partnership with Pranda.”

ABOUT XCEL BRANDS, INC. (www.xcelbrands.com)
Xcel Brands, Inc. (NASDAQ:XELB) is a brand management and media company engaged in the design, production, licensing, marketing and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder and Highline Collective brands, pioneering an omnichannel sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. Xcel differentiates by design. www.xcelbrands.com

JUDITH RIPKA LTD. (www.judithripka.com)
Judith Ripka Ltd. is an American luxury jewelry brand that appeals to women of impeccable taste worldwide. Over the brand’s 40-year history, it has become known for an immediately identifiable design DNA rooted in a timelessness and tradition which will appear forever modern. Available in the fine department and specialty jewelry stores around the world, Judith Ripka Ltd. 18k Gold and Sterling Silver designs have been worn by notable celebrates such as Cindy Crawford, Kate Hudson and Rose Byrne.  A favorite among fashion trend setters, celebrities and style conscious women everywhere, Judith Ripka Ltd. was ranked as one of the top five fine jewelry brands in the US by Women’s Wear Daily in 2013. www.judithripka.com

Media Contact:

Stephanie Taylor
Xcel Brands Inc.
staylor@xcelbrands.com
347.727.2483

Source: Xcel Brands Inc./globenewswire

Xcel Brands to report its 4Q and full year 2016 financial results on Wednesday, March 22, 2017

NEW YORK, 2017-Mar-07 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a brand management and media company, today(March 06, 2017)  announced that it will report its fourth quarter and full year 2016 financial results after market close on Wednesday, March 22, 2017. The Company will hold a conference call with the investment community at 5:00 p.m. Eastern Time that day.

A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at www.xcelbrands.com. Interested parties unable to access the conference call via the webcast may dial 888-542-0999. A replay of the conference call will be available on the Company website for approximately two weeks following the event and can be accessed at 844-512-2921 using replay pin number 4121068.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a brand management and media company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.  With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels.  Xcel differentiates by design.  www.xcelbrands.com

For further information please contact:

Hunter Wells / John Mills
ICR
646-277-1246
Hunter.wells@icrinc.com / John.mills@icrinc.com

Source: Xcel Brands, Inc./globenewswire

Xcel Brands management team to present at the Bank of America Merrill Lynch 2017 Consumer and Retail Technology Conference

NEW YORK, 2017-Mar-06 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a brand management and media company, today (March 02, 2017) announced Robert W. D’Loren, Chairman and Chief Executive Officer, and Seth Burroughs, Executive Vice President of Business Development and Treasury, will present at the Bank of America Merrill Lynch 2017 Consumer and Retail Technology Conference.

The presentation will be on Wednesday, March 15, 2017 at 1:50 PM ET and can be accessed live over the Internet hosted at the “Investor Relations” section of the Company’s website at www.xcelbrands.com and will be archived online.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a brand management and media company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.  With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels.  Xcel differentiates by design.  www.xcelbrands.com

For further information please contact:

Hunter Wells / John Mills
ICR
646-277-1246
Hunter.wells@icrinc.com / John.mills@icrinc.com

Source:  Xcel Brands, Inc./globenewswire

Xcel Brands, Inc. debuts its H Halston women’s Fast Fashion apparel program at Dillard’s department stores and e-commerce

NEW YORK, 2017-Mar-06 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) is pleased to announce the debut of its H Halston women’s Fast Fashion or Quick Time Response (QTR) apparel program at Dillard’s department stores and e-commerce in March 2017. H Halston initially launched in Lord & Taylor and Hudson Bay department stores Spring 2016 as a partnership to support the Hudson Bay Company in their strategic initiative to offer their customers proprietary brands on a fast fashion cadence. H Halston is part of the family of Halston brands and offers sophisticated and glamorous daywear in the tradition of the brand’s minimalist design DNA.

CEO and Chairman of Xcel Brands, Inc. Robert W. D’Loren remarked, “We’ve seen success with the H Halston brand’s exclusive retail partnership with Lord & Taylor and Hudson’s Bay. The next natural step was to bring this historic American brand to an additional geographic region through Dillard’s.”

With his deep knowledge of the iconic Halston DNA, global style authority and stylist Cameron Silver continues to serve as the brand’s Fashion Director.

Xcel Brands, Inc. is a brand management and media company engaged in the design, production, licensing, marketing and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering an omnichannel sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. With a team of over 100 professionals focused on production and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels. Xcel differentiates by design. www.xcelbrands.com

Roy Halston Frowick was the creator of luxury American fashion, whose groundbreaking designs still influence and inspire us today. Founded in the 1960’s, the HALSTON label took the fashion industry by storm. Originally known for his innovation in millinery, Halston used his signature materials of jersey, cashmere and suede to reinvent the jumpsuit, the shirtdress, and the classic caftan, permanently leaving his mark on fashion. The 1970’s and the era of Studio 54 became synonymous with Halston’s designs. Soon after, he was named “the premier fashion designer in America” by Newsweek. His strong connection to pop culture was evident through his friends and clients, which included Andy Warhol, Bianca Jagger, Elizabeth Taylor and Anjelica Huston. Halston went on to create one of the best-selling fragrances of all time in his signature tear-drop shaped perfume bottle designed by Elsa Peretti. Halston created strong codes that are quintessential to the brand even to this day, as a new team of innovators continue to evolve the HALSTON legacy through the H Halston and H by Halston collections. The H Halston brand, exclusive to Lord & Taylor and Hudson’s Bay and Dillard’s, offers true feminine glamour with effortless daywear, footwear, and accessories that easily transitions from work to cocktails.  The H by Halston brand, exclusive to QVC, is made up of versatile, minimalist daywear and accessories in functional fabrics and materials essential for building a chic, contemporary wardrobe. Global celebrity stylist and style authority Cameron Silver is the Fashion Director of the H Halston and H by Halston brands.

For further information please contact:

Stephanie Taylor
Public Relations Associate
staylor@xcelbrands.com
347-727-2483

Source: XCEL BRANDS, INC./globenewswire

Xcel Brands to present at the 2017 ICR Conference on January 10th in Orlando, Fl

NEW YORK, 2017-Jan-04 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a brand management and media company, today ( Jan. 03, 2017) announced Robert W. D’Loren, Chairman and Chief Executive Officer, and Seth Burroughs, Executive Vice President of Business Development and Treasury, will present at the 2017 ICR Conference.

The presentation will be on Tuesday, January 10, 2017 at 12:00 PM ET and can be accessed live over the Internet hosted at the “Investor Relations” section of the Company’s website at www.xcelbrands.com and will be archived online.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a brand management and media company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.  With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels.  Xcel differentiates by design.  www.xcelbrands.com

For further information please contact:

Hunter Wells / John Mills
ICR
646-277-1246
Hunter.wells@icrinc.com / John.mills@icrinc.com

Source: Xcel Brands, Inc./globenewswire

Xcel Brands announces third quarter 2016 revenue growth of 14% vs same period previous year

  • Company Reports Double-Digit Quarterly Revenue Growth of 14% to $8.3 million;
    Year-to-Date Revenue Growth of 28% to $25.8 million
  • Third Quarter 2016 GAAP Net Income of $0.1 million; Non-GAAP Net Income of $1.3 million
    Year-to-Date 2016 GAAP Net Loss of ($0.02) million; Non-GAAP Net Income of $4.6 million
  • Third Quarter Adjusted EBITDA Growth of 5% to $2.3 million;
    Year-to-Date Adjusted EBITDA Growth of 12% to $7.1 million

NEW YORK, 2016-Nov-12 — /EPR Retail News/ — Xcel Brands, Inc. (NASDAQ:XELB) (“Xcel” or the “Company”), a brand management and media company, today (Nov. 10, 2016) announced its financial results for the third quarter and nine months ended September 30, 2016.

“We are pleased to report double-digit top-line growth for the quarter and year-to-date,” said Robert W. D’Loren, Xcel’s Chairman and Chief Executive Officer. “Despite lower than expected growth in the interactive television channel during the quarter, we believe that the strength of our brands and our unique business model, including our design, marketing, and Quick Time Response (QTR) production platforms, will continue to drive growth despite a challenging retail environment. To that end, we are excited by the early results of our Quick Time Response design and production platform and our partnership with Hudson’s Bay Company, and we expect to announce new retail partnerships in the QTR department store business for Spring 2017.”

Third Quarter 2016
Total revenue for the third quarter of fiscal 2016 increased 14% to $8.3 million, compared with $7.3 million for the prior year quarter.

GAAP net income was $0.12 million for the quarter ended September 30, 2016, or $0.01 per share, compared with net income of $0.03 million, or $0.00 per share, in the prior year quarter. After adjusting for certain cash and non-cash items, non-GAAP net income for the quarter ended September 30, 2016 was $1.3 million, or $0.07 per diluted share, compared with $1.4 million, or $0.08 per diluted share, in the prior year quarter.

Adjusted EBITDA for the quarter ended September 30, 2016 increased by 5% to $2.3 million, compared with $2.2 million for the quarter ended September 30, 2015.

The net income, non-GAAP net income and Adjusted EBITDA results for the quarter reflect the Company’s judicious management of its operating expenses, while continuing to invest in the future.

First Nine Months of Fiscal 2016
Total revenue for the nine months ended September 30, 2016 increased 28% to $25.8 million, compared with $20.2 million in the same period in 2015.

GAAP net loss was ($0.02) million for the nine months ended September 30, 2016, or ($0.00) per share, compared with net income of $1.8 million, or $0.11 per diluted share, for the nine months ended September 30, 2015. After adjusting for certain cash and non-cash items, non-GAAP net income for the nine months ended September 30, 2016 increased 11% to $4.6 million, or $0.24 per diluted share, compared with $4.2 million, or $0.26 per diluted share, for the same period in the prior year.

Adjusted EBITDA for the nine months ended September 30, 2016 increased by $0.8 million or approximately 12% to $7.1 million, compared with $6.3 million for the same period in the prior year.

See reconciliation tables below for non-GAAP metrics. These non-GAAP metrics may be inconsistent with similar measures presented by other companies and should only be used in conjunction with our results reported according to U.S. generally accepted accounting principles (“GAAP”). Any financial measure other than those prepared in accordance with GAAP should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

The Company’s balance sheet at September 30, 2016 remains strong, with stockholders’ equity of $102.6 million, cash and cash equivalents of approximately $15.2 million, and working capital of approximately $14.4 million.

Conference Call and Webcast
The Company will host a conference call with members of the executive management team to discuss these results with additional comments and details at 5:00 p.m. Eastern Time on Thursday, November 10, 2016. A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at www.xcelbrands.com. Interested parties unable to access the conference call via the webcast may dial 877-440-5803. A replay of the conference call will be available on the Company website for 30 days following the event and can be accessed at 877-870-5176 using replay pin number 3962922.

About Xcel Brands
Xcel Brands, Inc. (NASDAQ:XELB) is a brand management and media company engaged in the design, production, licensing, marketing, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment, and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, C. Wonder, and Highline Collective brands, pioneering a ubiquitous sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.  With a team of over 100 professionals focused on design, production, and digital marketing, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels.  Xcel differentiates by design.  www.xcelbrands.com

Forward Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release, including statements regarding future events, our future financial performance, business strategy and plans and objectives of management for future operations, are forward-looking statements. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “ongoing,” “could,” “estimates,” “expects,” “intends,” “may,” “appears,” “suggests,” “future,” “likely,” “goal,” “plans,” “potential,” “projects,” “predicts,” “seeks,” “should,” “would,” “guidance,” “confident” or “will” or the negative of these terms or other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding our anticipated revenue, expenses, profitability, strategic plans and capital needs. These statements are based on information available to us on the date hereof and our current expectations, estimates and projections and are not guarantees of future performance. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including, without limitation, the risks discussed in the “Risk Factors” section and elsewhere in the Company’s Annual Report on form 10-K for the year ended December 31, 2015 and its other filings with the SEC, which may cause our or our industry’s actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time and it is not possible for us to predict all risk factors, nor can we address the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause our actual results to differ materially from those contained in any forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

Contact:

Hunter Wells / John Mills
ICR
646-277-1246
Hunter.wells@icrinc.com
John.mills@icrinc.com

Source: Xcel Brands, Inc./globenewswire

C. Wonder to launch exclusive collection for QVC on March 3

WEST CHESTER, Pa, 2016-Feb-24 — /EPR Retail News/ — QVC just got a little more wonderful. Beloved brand C. Wonder, owned by Xcel Brands, Inc., is scheduled to launch on Thursday, March 3 at 11AM (ET) with an exclusive collection created especially for QVC, the world’s leading video and ecommerce retailer. The line features a collection of beautiful, spirited women’s clothing, accessories and jewelry designed to transport shoppers to a place they’ve never been. Lifestyle expert, fashion stylist to the stars and panelist on the E! hit show Fashion Police, Brad Goreski lends his expertise as Creative Director for the brand.

The C. Wonder collection, which is inspired by the exploration of global travel, possesses a sophisticated preppy-chic aesthetic embodied with a modern worldly spirit. Ranging in price from $26 to $236, the line of classic pieces with a fresh spin includes a variety of apparel, bags, belts, shoes, scarves and jewelry — all of which feature luxurious details such as tassels, bright colors, bohemian prints and patterns and more.

“C. Wonder was celebrated for its design aesthetic of easy and covetable on-trend pieces that are iconic yet fashionable,” said Rachel Ungaro, Vice President, Fashion and Beauty Merchandising, QVC. “We are excited to bring this beloved brand to QVC and provide shoppers with an opportunity to discover C. Wonder. Brad’s fashion and lifestyle expertise will shine through as he showcases the collection and shares styling tips on how to incorporate the products into an everyday wardrobe.”

Founded in 2011, C. Wonder was initially imagined as a retail store that offered a magical customer experience with a selection of new and unexpected products that would surprise and delight anyone who walked inside. As C. Wonder arrives on QVC, the brand mirrors the excitement and whimsy of the store experience, while offering amazing products at great prices.

“I can’t wait to share my fashion knowledge and bring this renowned brand to QVC,” said Goreski. “I’m thrilled to have the opportunity to showcase a new C. Wonder collection to loyal customers, while introducing the beautiful product to those new to the brand.”

Tune in to “C. Wonder — Fashion & Accessories” on March 3 at 11AM (ET) for a firsthand look at the collection as Brad offers styling tips and tricks. Beginning March 3, the full collection is scheduled to be available through QVC.com, the QVC apps or by calling 800.345.1515, while supplies last.

About QVC
QVC, Inc., a wholly owned subsidiary of Liberty Interactive Corporation (NASDAQ: QVCA, QVCB), is the world’s leading video and ecommerce retailer. QVC is committed to providing its customers with thousands of the most innovative and contemporary beauty, fashion, jewelry and home products. Its programming is distributed to approximately 340 million homes worldwide through operations in the U.S., Japan, Germany, United Kingdom, Italy, France and a joint venture in China. Based in West Chester, Pa. and founded in 1986, QVC has evolved from a TV shopping company to a leading ecommerce and mobile commerce retailer. The company’s website, QVC.com, is ranked among the top general merchant Internet sites. QVC, Q, and the Q Ribbon Logo are registered service marks of ER Marks, Inc.

Xcel Brands, Inc. (NASDAQ:XELB) is a brand development and media company engaged in the design, production, licensing, marketing and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded by Robert W. D’Loren in 2011 with a vision to reimagine shopping, entertainment and social as one. Xcel owns and manages the Isaac Mizrahi, Judith Ripka, H Halston, and C. Wonder brands, pioneering an omnichannel sales strategy which includes the promotion and sale of products under its brands through direct-response television, internet, brick and mortar retail, and e-commerce channels. Headquartered in New York City, Xcel Brands is led by an executive team with significant retailing, licensing, design, and marketing experience, and a proven track record of success in elevating branded consumer products companies.  With a team of over 70 designers and social media focused marketing executives, Xcel maintains control of product quality and promotion across all of its product categories and distribution channels.  Xcel differentiates by design.  www.xcelbrands.com

SOURCE: QVC, Inc.

Media Inquiries:
484.701.1647
media.relations@qvc.com