By and  on May 4, 2011

Store closings and severance charges, including those to its former chief executive officer, contributed to a first-quarter loss at Kenneth Cole Productions Inc.

The firm said Wednesday that, for the three months ended March 31, the loss was $17.2 million, or 94 cents a diluted share, against earnings of $1.8 million, or 10 cents, in the year-ago quarter. Store closings and severance charges for the current quarter were $16 million, partially offset by $3.5 million in deferred rent income.

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