Apex Global Brands reports Q3 loss; revenues drop 16 percent

Apex Global Brands, for its third quarter of fiscal 2020, reported revenues of 4.9 million dollars, a decrease of 16 percent compared to the same quarter in the prior year. On a year-to-date basis, revenues were 15.5 million dollars for the first nine months, a decrease of 15 percent reflecting decreases in royalties from the company’s Cherokee, Hi-Tec, Magnum and Interceptor brands and non-renewal of the company’s Cherokee license in South Africa at the end of fiscal 2019 and the disposition of the Flip Flop Shops franchise business in June 2018.