Cherokee news and archive

Cherokee Q2 revenues down 10 percent, lowers full year outlook

Cherokee Global Brands posted 10 percent drop in its second quarter revenues, which the company said, reflected the continuing transition from the company’s direct-to-retail licenses in the United States to wholesale licenses, partially offset by growth in royalty revenues from the Cherokee brand and the Hi-Tec portfolio of brands. Narrowing its...

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Cherokee appoints Director of financial reporting

Cherokee has appointed Kimberly Doyle as Director of financial reporting and internal controls. In this role, the company said, Doyle will be responsible for leading the European-based finance team in Amsterdam. Commenting on the appointment, Jason Boling, CFO of Cherokee Global Brands said in a statement: “Kimberly’s extensive experience in...

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Cherokee appoints two new independent directors on its board

Cherokee Global Brands has appointed Carol Baiocchi and Susan Engel as independent directors on its board of directors, effective February 21, 2017. Baiocchi will serve as a member of the Compensation Committee and Engel will join the Audit Committee. The company also announced that long-term board member Timothy Ewing has stepped down as a...

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Multi-category licensing deals inked for Cherokee USA

Cherokee Global Brands has entered into multi-category licensing agreements for its Cherokee brand in the United States with specialised fashion industry leaders. “We are very excited to announce the first phase of strategic licensing partnerships that will expand category reach and satisfy the demand for Cherokee branded products across the US,...

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Cherokee Q3 revenues decline

Cherokee Global Brands said that for the third quarter of fiscal 2016 ended October 31, 2015, GAAP revenues were 8.1 million dollars, compared with 8.7 million dollars in the prior-year period. Overall, the revenue decreased of 0.6 million dollars. "The agility of our business model and our global scale allow us to swiftly forge new platform...

Business

Cherokee goes shopping: acquires Flip Flop Shops

Just a couple of weeks after announcing its relationship with Target is coming to an end, Cherokee Global Brand has gone shopping. The California-based group has acquired Flip Flop Shops, a franchise retail chain that offers the latest styles of flip flops, casual footwear and accessories. In 2014, licensed revenues from the sale of the Cherokee...

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Cherokee Q2 revenues decline, Target to end ties with the brand

Cherokee Global Brands reported decline in revenue of approximately 3 percent to 8.5 million dollars for the second quarter Fiscal 2016 ended August 1, 2015. compared with 8.8 million dollars in the prior-year period. The company has attributed the decrease in revenues to the increased strength of the US dollar and lower sales of...

Business

Cherokee reports 30 percent growth in Q3 revenues

REPORT_ Cherokee Global Brands, for the third quarter of fiscal year 2015 ended November 1, 2014 said that its revenues for the third quarter increased 30 percent to 8.7 million dollars, compared with 6.7 million dollars in the prior-year period. The increase in revenues relates to Tony Hawk signature brands and continued organic growth of...