NEW YORK — With new labels and a favorable legal settlement under its belt, Cherokee Inc. capped off its seventh year of rising sales and earnings.

The Van Nuys, Calif.-based licensor and brand management firm finished its fourth quarter with net income moving ahead 9.3 percent to $2.6 million, or 30 cents a diluted share, from $2.3 million, or 28 cents, a year ago. Sales for the three months ended Feb. 1 advanced 12.3 percent to $7.1 million from $6.3 million in the final quarter of the previous year.

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