Cherokee Inc. Thursday reported an increase in first-quarter royalty revenues while earnings fell on expenses incurred to upgrade its financial controls.
In the three months ended May 4, the Sherman Oaks, Calif.-based brand management firm generated net income of $1.6 million, or 19 cents a diluted share, 21.7 percent below the $2.1 million, or 25 cents, reported for the first quarter of 2012. Stripping out $958,000 in professional fees related to the review and upgrade of financial controls, net income was $2.2 million, or 27 cents, 7.9 percent higher than the year-ago period.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)