Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Jim Duffy - Thomas Weisel Partners.
Jim Duffy - Thomas Weisel Partners
In the first quarter how much of the business was dresses? Were you able to isolate that between Jessica Howard and Calvin Klein?
Neal Nackman
We haven’t been breaking it out at that level. We’ve spoken about our total outerwear business for the year being 80% and that is going to be consistent again. Of course the first quarter was more significantly dresses in the first quarter.
Jim Duffy - Thomas Weisel Partners
You’re getting such a nice contribution from products under the Calvin Klein brand. Are you prepared to break out what percentage of your revenue you expect to be under the Calvin Klein brand for the rest of the year?
Morris Goldfarb
No we’re not, but we’re prepared to tell you that our other brands are all posting nice increases as well. In many cases they are double-digit, better than low double-digit increases, but it’s really not all about the Calvin Klein brand. We have a healthy business; Calvin Klein is a great driver for it, but the Guess? brand is performing well, the Kenneth Cole brand is performing well, Sports Licensed is performing well, Jessica Howard dresses was a major contributor to our first quarter, so it’s a fairly well rounded business.
Jim Duffy - Thomas Weisel Partners
In your prepared remarks you left out a lot of details on each of those different businesses. We are no longer hearing from you about things like XO [ph]. How should we think about that and things like the Alyssa Milano business and the contribution that they made in this particular quarter? Any color you can provide would be helpful.
Morris Goldfarb
Well I would say that you consider that kind of a one off situation. We’re proud to say that that XO is a profitable business for us. It is not of the scale that we had hoped it would be today, but I can comfortably tell you that the store count is increasing in the boys business and in the men’s business we have for the first time, I think, a July deliver. It is something that we’re proud of. We’ve been in a period of liquidation in that brand, liquidating some of the early commitments made by Wal Mart. We did not contribute very much to the markdown needed to move the product, that was a Wal Mart liability and it’s been okay.
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