Home / Knowledge / News / Apparel/Garments / Global organic growth drives Q2FY15 sales at Cherokee
Global organic growth drives Q2FY15 sales at Cherokee
Sep '14
Acquisition of Tony Hawk brand acquisition and continued global organic growth of the Cherokee brand led Cherokee Global Brands, a global marketer of lifestyle brands to post a 17% and 16% in net sales and net income, respectively for the second fiscal quarter ended August 2, 2014.

Revenues for the second quarter of 2014 increased 17% to $8.8 million compared with $7.5 million in second quarter of 2013 which the apparel marketer attributed to acquisition of Tony Hawk brand and continued global organic growth of the Cherokee brand.

However, SG&A expenses rose 19% to $5.1 million in the second quarter of 2014 from $4.2 million in the prior-year period. Cherokee said the hike in SG&A was due mainly to expenses related to recently acquired Tony Hawk Brand and additional marketing to support its brands.

Net income totalled $2.3 million, or $0.27 per diluted share in the quarter under review against $1.9 million, or $0.23 per diluted share, in the same quarter of 2013. As of August 2, 2014, Cherokee had cash and cash equivalents of $4.1 million, compared to $3.6 million as on February 1, 2014.

“We are very pleased with our top and bottom-line results. Cherokee Brand revenues for our key global partners in Asia, Latin America and Canada have all continued to perform solidly as well as our Liz Lange brand on HSN”, said Cherokee CEO, Henry Stupp. “

Henry Stupp added, “We fully expect the second half will continue to show positive developments through the execution of our strategic growth plan including the identification of new brand acquisitions and organic growth geographically”. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 1st May 2017

FESPA to showcase digital, screen, textile industries

Stage is set for FESPA 2017 at the Hamburg Messe, Germany during May...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search