US footwear, handbag, and accessories brand Kenneth Cole Productions, Inc. has reported financial results in line with expectations for the third quarter ended September 30, posting net revenues of $130.3 million; however, in contrast with the soaring sales posted by a large majority of higher end brands, wholesale revenues slipped.

Affected by the general weakness in the apparel and footwear market wholesale revenues declined 13.9% to $78.8 million, down from $91.5 million in the comparable prior-year period.

On a more positive note, licensing revenue increased 7.5% to $11.6 million from $10.8 million, whilst comparable store sales were approximately flat.

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