Brand manager Cherokee Inc. reported lower profits and royalties in the third quarter as a stronger dollar erased the impact of expense cuts and higher revenues from Target Corp.
Net income in the three months ended Nov. 1 dropped 12.1 percent to $3.3 million, or 37 cents a diluted share, from $3.7 million, or 41 cents, in the year-ago period. Royalty revenues fell 10.1 percent to $8 million from $8.9 million in the 2007 quarter.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"