The Iconix Brands Group, which owns several brands including Umbro and Danskin, faced an impairment charge of $5.2 million for the second quarter due to store closures and other restrictions related to the coronavirus outbreak. The charge led the company to post a net loss of $17.4million, versus net income of $1.3 million for the year-ago quarter. The group’s revenues declined by 35.1 percent to $22.3 million. A decrease in licensing revenues from its Mudd and Candies brands led the women’s segment to fall by 46 percent. The men’s segment fell by 55 percent, mainly due to a decrease in licensing revenue from its Buffalo and Umbro brands. International revenues plunged by 27 percent, hampered by weakness in Europe and Latin America. Adjusted Ebitda stood at $11.4 million, excluding net charges of $7.9 million. This compares with adjusted Ebitda of $20.3 million in the second quarter of 2019, excluding net charges of $1.8 million. The decline was the result of lower revenues, although this was partly offset by reduced expenses driven by the company’s cost reduction initiatives, which included a decrease in advertising and compensation expense. Total SG&A expenses in the quarter declined by 9 percent to $15.0 million. The group has not provided any guidance for the full year. As previously reported, Iconix said it is looking to “broaden” the exploration of strategic alternatives for the company to include its possible sale, merger or a different business combination.