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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 8GkWhVSMQFGX4Spc/4008w==

<SEC-DOCUMENT>0001181431-08-057647.txt : 20081017
<SEC-HEADER>0001181431-08-057647.hdr.sgml : 20081017
<ACCEPTANCE-DATETIME>20081017172356
ACCESSION NUMBER:		0001181431-08-057647
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081016
FILED AS OF DATE:		20081017
DATE AS OF CHANGE:		20081017

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEROKEE INC
		CENTRAL INDEX KEY:			0000844161
		STANDARD INDUSTRIAL CLASSIFICATION:	WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330]
		IRS NUMBER:				954182437
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0203

	BUSINESS ADDRESS:	
		STREET 1:		6835 VALJEAN AVE
		CITY:			VAN NUYS
		STATE:			CA
		ZIP:			91406-4713
		BUSINESS PHONE:		8189511002

	MAIL ADDRESS:	
		STREET 1:		6835 VALJEAN AVE
		CITY:			VAN NUYS
		STATE:			CA
		ZIP:			91406-4713

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREEN ACQUISITION CO
		DATE OF NAME CHANGE:	19900814

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARGOLIS ROBERT
		CENTRAL INDEX KEY:			0000942056

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18640
		FILM NUMBER:		081130108

	BUSINESS ADDRESS:	
		STREET 1:		6835 VALJEAN AVE
		STREET 2:		C/O THE WILSTAR GROUP
		CITY:			VAN NUYS
		STATE:			CA
		ZIP:			91406
		BUSINESS PHONE:		8189089899X300

	MAIL ADDRESS:	
		STREET 1:		C/O THE WILSTAR GROUP
		STREET 2:		6835 VALJEAN AVE
		CITY:			VAN NUYS
		STATE:			CA
		ZIP:			91406
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd221245.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-10-16</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000844161</issuerCik>
        <issuerName>CHEROKEE INC</issuerName>
        <issuerTradingSymbol>CHKE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000942056</rptOwnerCik>
            <rptOwnerName>MARGOLIS ROBERT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6835 VALJEAN AVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>VAN NUYS</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>91406</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>794733</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>135000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Non-profit foundation</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-10-16</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-10-16</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1545</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>15.4709</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>796278</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-10-17</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-10-17</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8455</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>17.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>804733</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>On October 16, 2008, Mr. Margolis purchased 1,545 shares of Cherokee common stock on the open market at an average price of $15.4709.  On October 17, 2008, Mr. Margolis purchased 8,455 shares of Cherokee common stock on the open market at an average price of $17.00.</remarks>

    <ownerSignature>
        <signatureName>Russell J. Riopelle under POA for Robert Margolis</signatureName>
        <signatureDate>2008-10-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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