Cherokee Inc.’s third-quarter profits were weighed down by an increase to its tax provision, but the brand manager reported an improvement in its recent revenue trends and unveiled two licenses for its Sideout label.
The Van Nuys, Calif.-based firm’s profits fell 14.8 percent to $2.8 million, or 31 cents a share, from $3.3 million, or 37 cents, a year earlier. Its income tax provision for the quarter ended Oct. 31 rose to $1.9 million from $1.5 million a year ago.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)