G-III Apparel news and archive

G-III Apparel Q1 net sales up 28 percent, swings to profit

US fashion group G-III Apparel has reported a 28.3 percent increase in net sales for the first quarter of the year, beating analysts’ estimates as it swung to a profit. For the three months to April 30, net sales increased to 519.9 million dollars from 405.1 million dollars a year earlier when the pandemic was in full swing and when a large...

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G-III reports 30 percent drop in Q4 net sales, expects Q1 gains

US fashion group G-III Apparel has reported a 30.3 percent drop in net sales for the fourth quarter of the year. For the three months to January 31, 2021, the Nasdaq-listed company’s net sales fell to 526.2 million dollars from 754.6 million dollars a year earlier. The company, which owns brands DKNY and Donna Karan, said net income for the...

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G-III Apparel enters race for Arcadia brands

US fashion company G-III Apparel has reportedly entered the race to acquire assets from the collapsed Arcadia Group. Nasdaq-listed G-III Apparel has joined a list of potential parties interested in snapping up brands from the failed British retail empire, The Telegraph reports. Arcadia, whose portfolio includes Topshop, Burton and Dorothy...