By the Numbers
Cherokee Inc., which licenses brands for clothing and shoes, said its fourth-quarter earnings dove by 86 percent to $2.8 million on $8.7 million in net revenues. The Los Angeles–based company attributed the slump in part to a one-time revenue boost of $33 million last year from the sale of its Mossimo finders agreement. The previous fourth-quarter net earnings were $20.7 million on $42.2 million in net revenues.
