Home / Knowledge / News / Fashion / Cherokee extends licensing agreement with Target
Cherokee extends licensing agreement with Target
16
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

China reportedly cancels trade talks with US, Liu He visit

Apparel/Garments | On 22nd Sep 2018

China reportedly cancels trade talks with US, Liu He visit

Washington is reportedly positive about arriving at a solution to its ...

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

Interviews View All

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

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

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search