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.
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