G-III Apparel Group Q1 net sales increase 16 percent

For the quarter ended April 30, 2017, G-III reported net sales increase of 16 percent to 529 million dollars compared to 457.4 million dollars in the year-ago period. The company reported a net loss of 10.4 million dollars or 0.21 dollars per share, compared to net income of 2.8 million dollars or 0.06 dollar per diluted share, in the prior year's comparable period.