Cherokee Inc. saw net income fall in both the fourth quarter and full year.
For the three months ended Feb. 1, net income fell 11.7 percent to $951,000, or 11 cents a diluted share, compared with $1.1 million, or 13 cents, a year ago. Royalty revenues for the quarter rose 6.2 percent to $6.4 million from $6 million. Selling, general and administrative expenses were higher in the quarter, up to $5 million from $4.3 million year ago, due to the acquisition costs associated with its purchase of Hawk Brands for $1 million.
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?"