Iconix Brands Group, owner of Umbro, Danskin, Starter, Pony and other brands, saw its licensing revenues decline on a comparable basis by 7 percent to around $87.1 million in the fourth quarter of 2016 and by 2 percent to $368.5 million for the full year. The company suffered a higher operating loss of $385 million for the quarter, but the operating loss for the year was down slightly to around $243.1 million. The annual operating margin on its international business declined by 5 percentage points to 50 percent on flat revenues of $61.6 million. The big quarterly loss was due to a non-cash impairment charge of about $443 million on some of its trademarks and goodwill as well as its continuously depressed market capitalization. Looking at the longer term, Iconix sees a potential for the international development of Starter, Danskin and other brands through licenses in the next three years.

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