G-III Apparel Group news and archive

G-III Apparel Group reports Q2 net income of 19.2 million dollars

G-III Apparel Group, Ltd. said net sales for the second quarter ended July 31, 2021 increased 62.5 percent to 483.1 million dollars. The company reported net income for the second quarter of 19.2 million dollars or 39 cents per diluted share compared to a net loss of 15 million dollars or loss of 31 cents per share, in the prior year’s quarter....

Business

G-III Apparel Group posts Q1 net loss of 39.3 million dollars

For its first quarter, G-III Apparel Group, Ltd. said net sales decreased 36.1 percent to 405.1 million dollars from 633.6 million dollars in the same period last year. The company reported GAAP net loss of 39.3 million dollars or 82 cents per share, compared to net income of 12 million dollars or 24 cents per diluted share, in the prior year’s...

Business

G-III Apparel posts rise in net sales and profit

G-III Apparel Group, Ltd. has announced that its net sales for the fiscal year ended January 31, 2019 increased 9.6 percent to 3.08 billion dollars, while the GAAP net income reached 138.1 million dollars or 2.75 dollars per diluted share, compared to 62.1 million dollars or 1.25 dollars per diluted share, in the prior year. Non-GAAP net income...

Business

Wholesale drives net sales growth at G-III Apparel Group

G-III Apparel Group, Ltd. for the third quarter ended October 31, 2018, reported that net sales increased 4.7 percent to 1.07 billion dollars. Net income for the third quarter was 94 million dollars or 1.86 dollars per diluted share, from 81.6 million dollars or 1.65 dollars per diluted share, in the prior year’s comparable period. Non-GAAP net...

Business

G-III raises FY19 outlook on strong Q2 results

Net sales in the second quarter of fiscal 2019 at G-III Apparel Group increased 16.1 percent to 624.7 million dollars. The company reported net income of 10.1 million dollars or 0.20 dollar per diluted share for the second quarter compared to a net loss of 8.6 million dollars or 0.18 dollar per share, in the prior year’s comparable period....

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Ivanka Trump ends namesake label

Ivanka Trump, fashion entrepreneur and First Daughter of the United States, will be shutting down her eponymous label. The news was first reported by The Wall Street Journal. Trump originally stepped away from the brand in January 2017 when her father, Donald Trump, was set to become President of the United States. Prior to the negative...

Fashion

Marchon Eyewear signs license agreement with DKNY and Donna Karan New York

Marchon Eyewear and G-III Apparel Group Ltd have entered a long-term, exclusive licensing agreement to manufacture and distribute eyewear for the brands DKNY and Donna Karan New York. The agreement encompasses both sun and optical eyewear. DKNY glasses will hit department stores, specialty stores and premium optical retailers worldwide by March...

Business

G-III Apparel Group's Q1 net sales rise 16 percent, updates outlook

G-III Apparel Group, Ltd. recorded net sales for the first quarter increased 16 percent to 611.7 million dollars compared to 529 million dollars in the year-ago period. The company reported net income of 9.9 million dollars or 0.20 dollar per diluted share compared to a net loss of 10.4 million dollars or 0.21 dollar per share, in the prior...

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Business

G-III Apparel Group's net sales improve 17.6 percent in FY18

G-III Apparel Group, Ltd net sales for the fiscal year ended January 31, 2018 increased 17.6 percent to 2.81 billion dollars from 2.39 billion dollars in the prior year, which includes net sales of approximately 258 million dollars related to operating DKNY and Donna Karan business in fiscal year 2018 compared to 28 million dollars in net sales...

Business

G-III Apparel Group Q3 net sales up 16 percent, raises outlook

For the third quarter ended October 31, 2017, G-III reported that net sales increased 16 percent to 1.02 billion dollars. This increase, the company said, includes net sales of approximately 88 million dollars of our DKNY and Donna Karan products. The company's net income increased to 81.6 million dollars or 1.65 dollars per diluted share from...

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G-III Apparel Group Q2 per share net loss rises to 0.18 dollar

For the quarter ended July 31, 2017, G-III reported that net sales increased by 21.6 percent to 538 million dollars, up from 442.3 million dollars in the year-ago period. The company reported a net loss for the second quarter of 8.6 million dollars or 0.18 dollar per share, compared to 1.3 million dollars or 0.03 dollar per share, in the year...

Business

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...