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January 6, 2014
10:07 EDTCHKE, TGTCherokee enters renewal, amendment to license agreement with Target
Cherokee (CHKE) disclosed in a regulatory filing that on January 2, the company and Target (TGT) entered into a renewal and amendment to their existing license agreement. Concurrent with the execution of amendment, Target exercised its right to renew the Target License Agreement through January 31, 2017, Cherokee said. Under the amendment, Target now has the right to renew the agreement for successive two year periods, provided that it satisfied the minimum guaranteed royalty payment of $10.5M for the preceding fiscal year, by providing written notice of renewal at least one year prior to the end of the then current extended restated term.
News For CHKE;TGT From The Last 14 Days
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October 21, 2014
06:22 EDTTGTStaples may be latest retailer to be hacked, Krebs reports
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October 13, 2014
07:15 EDTTGTNational Association of Corporate Directors to hold a conference
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October 9, 2014
09:41 EDTTGTBofA/Merrill retail analysts hold an analyst/industry conference call
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08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link

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