Significant Contracts	12 Months Ended
Jan. 28, 2017
Significant Contracts
Significant Contracts	14.Significant Contracts The Company’s former license agreement with Target was entered into effective as of February 1, 2008 and amended (i) on January 31, 2013 to add the category of school uniforms, (ii) on April 3, 2013 to provide for a fixed royalty rate of 2% for sales of Cherokee branded products in the category of adult merchandise sold on Target’s website (target.com) beginning in Fiscal 2015 and (iii) on January 6, 2014 to reflect Target’s election to renew the agreement through January 31, 2017 and to provide that Target could renew the agreement for successive two (2) year periods, provided that it satisfied the minimum annual royalty payment of $10,500 for the preceding fiscal year (the “Restated Target Agreement”). The Restated Target Agreement grants Target the exclusive right in the United States to use the Cherokee brand and trademarks in various specified categories of merchandise. In September 2015, Target informed the Company that the Restated Target Agreement would not be renewed and, as a result, the Restated Target Agreement terminated at the end of its term on January 31, 2017 (except with respect to Cherokee branded products in the school uniforms category, which will expire at the end of its current term on January 31, 2018). Under the terms of the Restated Target Agreement, Target’s minimum annual royalty payment was $10,500 and applied to all sales of Cherokee branded products made by Target in the United States, other than sales of Cherokee branded products in the school uniforms category (which products are subject to a separate minimum annual royalty payment of $800). Under the Restated Target Agreement, Target paid royalties based on a percentage of Target’s net sales of Cherokee branded merchandise during each fiscal year, which percentage varied according to the volume of sales of merchandise in all categories except for Cherokee branded products in the school uniforms category and, beginning in Fiscal 2015, sales of Cherokee branded products in the adult merchandise category that were made on Target’s website. The Company assumed a separate license agreement with Target for the Liz Lange brand in connection with the Company’s acquisition of the applicable assets in September 2012. Pursuant to this agreement, Target pays Cherokee Global Brands a fixed royalty rate based on Target’s net sales of products bearing this brand. Target has informed the Company that it has elected to not renew the Liz Lange license agreement, which expires on January 31, 2018 at the end of the current term, Target will continue to pay royalties to Cherokee Global Brands until the expiration of the agreement. Cherokee Global Brands has entered into a master license agreement with a third party for Liz Lange branded maternity products beginning in Fiscal 2019. In connection with the acquisition of the “Hawk” and “Tony Hawk” signature apparel brands and related trademarks in January 2014, Cherokee Global Brands and Kohl’s entered into an amended license agreement. Pursuant to the amended license agreement, Kohl’s is granted the exclusive right to sell Tony Hawk and Hawk Signature branded apparel and related products in the United States for a four-year term and has agreed to pay Cherokee Global Brands a fixed royalty rate based on its sales of these products in the United States, subject to a minimum annual royalty payment of $4,800 through January 31, 2017 and $4.6 million through January 31, 2018, the remainder of the term.

14.Significant Contracts

The Company’s former license agreement with Target was entered into effective as of February 1, 2008 and amended (i) on January 31, 2013 to add the category of school uniforms, (ii) on April 3, 2013 to provide for a fixed royalty rate of 2% for sales of Cherokee branded products in the category of adult merchandise sold on Target’s website (target.com) beginning in Fiscal 2015 and (iii) on January 6, 2014 to reflect Target’s election to renew the agreement through January 31, 2017 and to provide that Target could renew the agreement for successive two (2) year periods, provided that it satisfied the minimum annual royalty payment of $10,500 for the preceding fiscal year (the “Restated Target Agreement”). The Restated Target Agreement grants Target the exclusive right in the United States to use the Cherokee brand and trademarks in various specified categories of merchandise. In September 2015, Target informed the Company that the Restated Target Agreement would not be renewed and, as a result, the Restated Target Agreement terminated at the end of its term on January 31, 2017 (except with respect to Cherokee branded products in the school uniforms category, which will expire at the end of its current term on January 31, 2018).

Under the terms of the Restated Target Agreement, Target’s minimum annual royalty payment was $10,500 and applied to all sales of Cherokee branded products made by Target in the United States, other than sales of Cherokee branded products in the school uniforms category (which products are subject to a separate minimum annual royalty payment of $800). Under the Restated Target Agreement, Target paid royalties based on a percentage of Target’s net sales of Cherokee branded merchandise during each fiscal year, which percentage varied according to the volume of sales of merchandise in all categories except for Cherokee branded products in the school uniforms category and, beginning in Fiscal 2015, sales of Cherokee branded products in the adult merchandise category that were made on Target’s website.

The Company assumed a separate license agreement with Target for the Liz Lange brand in connection with the Company’s acquisition of the applicable assets in September 2012. Pursuant to this agreement, Target pays Cherokee Global Brands a fixed royalty rate based on Target’s net sales of products bearing this brand. Target has informed the Company that it has elected to not renew the Liz Lange license agreement, which expires on January 31, 2018 at the end of the current term, Target will continue to pay royalties to Cherokee Global Brands until the expiration of the agreement. Cherokee Global Brands has entered into a master license agreement with a third party for Liz Lange branded maternity products beginning in Fiscal 2019.

In connection with the acquisition of the “Hawk” and “Tony Hawk” signature apparel brands and related trademarks in January 2014, Cherokee Global Brands and Kohl’s entered into an amended license agreement. Pursuant to the amended license agreement, Kohl’s is granted the exclusive right to sell Tony Hawk and Hawk Signature branded apparel and related products in the United States for a four-year term and has agreed to pay Cherokee Global Brands a fixed royalty rate based on its sales of these products in the United States, subject to a minimum annual royalty payment of $4,800 through January 31, 2017 and $4.6 million through January 31, 2018, the remainder of the term.