Cherokee Reports Loss of $3.88 Million for Period

Cherokee Inc., a Sunland-based maker of women’s clothes and shoes, reported a fiscal third-quarter loss of $3.88 million on a 44% decline in sales from a year earlier.

The loss in the quarter ended Feb. 26 was about the same as that of a year earlier. But revenue in the latest quarter plummeted to $24.7 million, from $44.4 million a year earlier, partly because the company has been restructuring. Its new line of clothes will be shipped in June.

For the nine months ended Feb. 26, Cherokee posted a loss of $8.52 million, compared with a loss of $13.2 million a year earlier. Sales for the latest nine months totaled $84.8 million, down 28% from $117.6 million.