Apex Global Brands' Q1 sales decline 20 percent

For its first quarter, Apex Global Brands reported revenues of 4 million dollars, a decrease of 20 percent from 5.1 million dollars in the first quarter of the prior year. The decline in first quarter revenues, the company said in a statement, reflects the non-renewal of Apex’s Cherokee license in Japan and the decrease in sales by the company’s licensees related to Covid-19 shelter-in-place and similar orders.