ICONIX BRAND GROUP, INC. - 10-K - 20030516 - MARKET_RISK
Item 7A. Quantitative and Qualitative Disclosure About Market Risk
The Company limits exposure to foreign currency fluctuations in most of its
purchase commitments through provisions that require vendor payments in United
States dollars. The Company's earnings may also be affected by changes in
short-term interest rates as a result of borrowings under its line of credit
facility. A change in interest rates of two percentage points or less would not
materially effect the Company's Fiscal 2003 and Fiscal 2002 net losses.