NEW YORK — Cherokee Inc. said higher expenses offset growth in royalty revenue and led to flat second-quarter profits.
For the three months ended Aug. 3, the Van Nuys, Calif.-based licensing and brand development group reported net income of $3.3 million, or 38 cents a diluted share, compared with income of $3.3 million, or 39 cents, recorded during the same quarter last year. Royalty revenues increased 2.6 percent to $8.6 million from $8.3 million last year.
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)