BALANCE SHEET; WINNERS AND LOSERS ON THE FISCAL BATTLEFIELD.(Cherokee Inc., Giorgio Armani S.p.A. and Retail Ventures Inc. profit)

Daily News Record, April, 2006

Cherokee Inc. delivered an 8.2 percent net income gain to $4.4 million, or 49 cents a share, for the fourth quarter from $4 million, or 46 cents, in the prior period, as revenue soared 16 percent to $9.9 million from $8.5 million. For the yearend period, net earnings climbed 6.4 percent to $18.3 million, or $2.07, from $17.2 million, or $1.97, in the pervious year, as revenue rose 9.8 percent to $42.7 million from $38.9 million. The company said international revenues jumped 12.1 percent to $14.7 million, "representing 34 percent of our total revenues in fiscal 2006." The company also said worldwide annual retail sales of Cherokee-branded products "exceeded $2.5 billion" last year.

Giorgio Armani SpA last Wednesday reported double-digit growth in 2005 profits...

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