Footwear, handbags, and accessories designer Kenneth Cole Productions, Inc. has reported net revenues of $130.3 million for its third quarter ended September 30, which fell in line with expectations.

Licensing revenue continued to grow, with a third quarter increase of 7.5% to $11.6 million compared with $10.8 million in the same quarter of the prior year. However, due to a lower store count, the company's overall revenues decreased 3.6% to $39.9 million. Wholesale revenues were affected by the general weakness in the apparel and footwear market and were $78.8 million, down 13.9% compared with $91.5 million in the prior-year period.

The company expects to report net revenues in the range of $130 million to $135 million in the fourth quarter.

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