PROFITS MADE BY KENNETH COLE

Kenneth Cole is doing well despite the recession

Kenneth Cole is doing well despite the current economic downturn, posting a profit in its Q3 release to investors and shareholders

Kenneth Cole watches may have contributed to the most recent upturn in the company's fortunes, which improved in the last quarter.

The organisation attributed its $186,000 (£112,000) gains - or $0.01 per share for the quarter - to effective inventory controls, improved gross margins and major drops in the operating overhead of the brand in comparison to the third quarter of last year.

Kenneth Cole, the man behind the brand, said there was still a lot of work to do despite the improving fortunes of the much-loved fashion label.

He added that by maintaining the organisation's focus on product innovation, new opportunities will be created for its brands, in turn helping the sales of Kenneth Cole and giving more back to vital and supportive shareholders.

Kenneth Cole Productions currently operates the Awearness campaign: a not-for-profit group that supports, encourages and empowers acts of service, social change and volunteering by giving a stage to those wanting to make a difference.

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