G-III Apparel Group news and archive

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...

Report

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....

Management

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...

Report

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...

ManagementFeatured

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...

Management

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...

ManagementFeatured

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...

Management

G-III Apparel Group inks JV for DKNY and Donna Karan in China

G-III Apparel Group has partnered with Fred Gehring's investment fund, Amlon Capital BV to produce and market women's and men's apparel and accessories pursuant to a long term license for DKNY and Donna Karan in the People's Republic of China, including Macau, Hong Kong and Taiwan. Commenting on the development, Morris Goldfarb, Chairman and CEO...

Management

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...

Report

G-III Apparel and PVH sign license agreement for DKNY menswear

G-III Apparel Group has entered into a multi-year license agreement with PVH Corp, under which PVH will design and distribute menswear for the DKNY brand in the United States and Canada. The company said, license agreement includes DKNY Sport for men, a new category for the brand. In addition, PVH has licensed rights for men's sportswear, dress...

ManagementFeatured

G-III Apparel Group reports Q4 per share net loss of 0.42 dollar

G-III Apparel Group’s net sales for the fiscal year ended January 31, 2017 were up 1.8 percent to 2.39 billion dollars from 2.34 billion dollars in the prior year. The company reported GAAP net income for the fiscal year of 51.9 million dollars or 1.10 dollars per diluted share, compared to 114.3 million dollars or 2.46 dollars, in the prior...