Home / Knowledge / News / Fashion / Cherokee extends licensing agreement with Target
Cherokee extends licensing agreement with Target
Apr '08
Cherokee Inc, a leading licensor and global brand management company, reported financial results for the fourth quarter and fiscal year ended February 2, 2008.

Fiscal Year 2008 Highlights:
• Royalties from international territories totaled $21.6 million, representing a 17% increase from the prior year, and 52% of the Company's total fiscal 2008 royalties. The Company expects royalties from international territories to continue to increase, as its new international licensees begin to sell Cherokee branded products over the next two years.
• Worldwide annual retail sales of Cherokee-branded products exceeded $2.5 billion.
• Cash and cash equivalents of $22.0 million, receivables of $7.4 million, and zero debt.
• Paid $3.00 per share, or a total of $26.7 million, in dividends to shareholders during Fiscal 2008. In March 2008, the Company paid a dividend of $0.75 per share to shareholders.

For the year ended February 2, 2008, net revenues totaled $41.6 million, as compared to $76.6 million in the same period last year. Last year's revenues included the one-time payment of $33.0 million from the sale of the Mossimo Finders Agreement and also $0.9 million of past royalties.

Selling, general and administrative expenses totaled $15.4 million in fiscal 2008 as compared to $19.5 million in the same period last year. Last year's expenses included approximately $5.4 million of one-time expenses from the sale of the Mossimo Finder's Agreement. Net earnings totaled $16.4 million, or $1.84 per diluted share, as compared to fiscal 2007 net earnings of $34.8 million, or $3.93 per diluted share.

Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Tony Ward
Tony Ward

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search