Hi-Tec’s weak international sales weigh on Apex’s revenues
California-based Apex Global Brands, previously called Cherokee Global Brands, saw revenues for its fourth fiscal quarter ended on Feb. 1, 2020 fall by 10 percent to $5.5 million, as Hi-Tec and Magnum royalty revenues declined internationally. The management blamed this on the uncertainty surrounding Brexit and exchange rate fluctuations.
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