Cherokee Q3 revenues decline but posts rise in profit

Third quarter revenues at Cherokee Global Brands decreased 25 percent to 5.8 million dollars in the third quarter, as the company said, it continues to transition from its DTR licenses to new wholesale licensing partners in the United States, which was partially offset by revenues from the company’s new product development and design agreement. Revenue generated from the Hi-Tec brand portfolio grew 1.6 million dollars to 8.6 million dollars for the nine-month period, an increase of 22 percent compared to the first nine months of the prior year.