Cherokee Global Brands Q1 revenues decline 6 percent

Cherokee Global Brands, for its first quarter of fiscal 2020, reported revenues of 5.1 million dollars, a decrease of 6 percent, which the company said was due to non-renewal of the its Cherokee license in South Africa at the end of fiscal 2019, the sale of Flip Flop Shops in June 2018 and the impact of the economic uncertainty related to Brexit affecting several of the company’s European licensees. The company said that decreases in revenues were partially offset by revenues from its new design services agreement in China.