Xcel Brands, Inc. (NasdaqGM:XELB) will look for acquisitions. Robert D'Loren, Chairman and Chief Executive Officer said, "We will move quickly but prudently to put this capital to work and are exploring several strategic investments that we believe will continue to enhance our competitive position and provide earnings growth while maintaining a strong balance sheet. In the current economic environment, we believe there will be attractive acquisition opportunities as our industry deals with the slowdown we've seen at retail in the past and approaching quarters".