Cherokee Inc. announced today that it has retained financial advisor Goldman, Sachs & Co. to explore strategic alternatives to increase shareholder value including a possible sale of the company. The public company beat analyst estimates in the third quarter by $.06 a share. Cherokee licenses and manages clothing brands including its own eponymous line of casual wear along with Sideout, Carole Little and others which are carried in Southern California through Target, TJ Maxx and Mervyns.
