×
69 382
Fashion Jobs
CANADA GOOSE
Manager, Marketing Analytics
Permanent · NEW YORK
CROCS
Crocs: Director, Sales
Permanent ·
CROCS
Crocs: Associate Marketing Project Manager
Permanent · BROOMFIELD
URBN
Anthropologie Visual Merchandising Manager
Permanent · SAN JUAN
SACK OFF 5TH
Dvp District Manager, Mid-West (Chicago Based)
Permanent · CHICAGO
SACK OFF 5TH
Dvp District Manager, California
Permanent · LOS ANGELES
SACK OFF 5TH
Dvp District Manager, Northeast (ny, ct, nh, ma)
Permanent · NEW YORK
SACK OFF 5TH
Inventory Control Analyst (Based in ny or nj)
Permanent · NEW YORK
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · DAWSONVILLE
UNDER ARMOUR
Stock Teammate, Part-Time 6am Shift, $15 Per Hour
Permanent · WICHITA
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · BARABOO
UNDER ARMOUR
Stock Teammate, Part-Time 5am-10am Shift, $15 Per Hour
Permanent · ASHEVILLE
UNDER ARMOUR
Stock Teammate, Part-Time, $16 Per Hour
Permanent · TULALIP BAY
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · LINCOLN CITY
TUMI
Women's Buyer
Permanent · EDISON
NIKE
North America Brand Planning Director, Consumer Direct Marketing And Integrated Media
Permanent · Beaverton
NIKE
Information Strategy Project Manager
Permanent · Beaverton
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - ny 59th st
Permanent · New York
BLOOMINGDALE'S
Asset Protection Detective, Full Time - ny 59th st
Permanent · New York
URBN
Anthropologie Design Director - Furniture
Permanent · PHILADELPHIA
URBN
Anthropologie Design Director - Fabric & Textile Concept
Permanent · PHILADELPHIA
URBN
Free People Associate Merchandise Planner
Permanent · PHILADELPHIA
By
Reuters
Published
Sep 11, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Target to drop Cherokee brand products in U.S. from 2017

By
Reuters
Published
Sep 11, 2015

Apparel retailer Cherokee Global Brands said Target Corp) elected not to renew the license of the Cherokee brand in the United States, sending the company's shares tumbling 33 percent in extended trading.

The current license will expire on Jan. 31, 2017, Cherokee said in a statement on Thursday. Target has been licensing the Cherokee brand for almost two decades.


Cherokee earned $15.0 million in royalty revenue from Target for the Cherokee brand, excluding Canada sales and school uniforms category sales, in fiscal 2015, according to Cherokee's annual filing.

The royalty revenue accounted for 43 percent of Cherokee's total revenue for the period, according to the filing.

"The termination of our license agreement with Target for Cherokee branded products would have a material adverse effect on our business," Cherokee had said in the filing.
The company also reported a 3.2 percent decline in second-quarter sales, hurt by weak demand for Cherokee-branded products in the UK and Canada.

Cherokee's shares plunged more than 33 percent to $16.03 in extended trading on Thursday. Up to Thursday's close, they had risen about 25 percent this year

© Thomson Reuters 2023 All rights reserved.