Cherokee Inc. saw its royalties and profits decline in the second quarter as it continued to experience lower sales of its namesake brand at Tesco stores in western and central Europe.
For the three months ended July 28, net income slipped 3.8 percent to $1.6 million, or 19 cents a diluted share, from $1.7 million, or 20 cents, in the year-ago quarter. With selling, general and administrative expenses reduced 7.8 percent to $6.3 million from $6.7 million in the 2011 period, operating income receded 1.6 percent to $2.7 million.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)