G-III Apparel Group, Ltd has announced operating results for the first quarter of fiscal 2017 that ended April 30, 2016. The brand’s net sales increased 6% to a first quarter record of $457.4 million, compared to $433 million in the year-ago period; however, net income for the first quarter was …
G-III Apparel, Karl Lagerfeld Group BV Announce Karl Lagerfeld NA Joint Venture
New York and Paris—Kaiser Karl is “koming to America”—and handbags will be one of the designer’s first offerings here. G-III Apparel Group and Karl Lagerfeld Group BV, the parent company of the Karl Lagerfeld global brand, today announced that they have entered into a joint venture agreement for the development …
G-III Q4 Profit Jumps Nearly 60%
New York—G-III Apparel Group reported today that its fourth quarter profit jumped 58% and an 8.8% rise in sales. While the profit beat forecasts, revenue missed. For the three months ended Jan. 31, G-III posted a net profit of $22.22 million, or 96 a share, compared with $13.06 million, or 62 …
G-III Reports Strong Q2 Earnings
New York–G-III Apparel Group reported today a 72% increase in second quarter net profit, reflecting strong double-digit sales growth aided by contribution from the acquired G.H. Bass business. The results topped analysts’ expectations. For the quarter ended July 31, the maker of Andrew Marc, Marc New York, Jessica Howard brands …
Week in Review: Top 10 Online Articles
New York—Mentoring, partnerships and collaborations. They were a chief topic in fashion industry news this week. Topping the list is the high/low combination of shoe designer Brian Atwood and footwear entrepreneur Steve Madden who announced they bought the Brian Atwood brand and assets. Atwood himself remains as chief creative officer …
G-III Q4 Profit Surges 62% on Record Sales
New York—G-III Apparel Group Ltd. today reported Tuesday a fourth quarter profit that surged up 62% reflecting “broad strength across categories and tiers of distribution. For the quarter ended Jan. 31, the parent to Andrew Marc, Kensie, G.H. Bass, Vilebrequin etc. posted net income of $13.06 million or 62 cents …
G-III Q3 Profit Up 23%, Raises Annual Forecast
New York—G-III Apparel Group, which boasts more than 30 licensed and proprietary brands, including Calvin Klein, Kenneth Cole, Cole Haan, Guess?, Tommy Hilfiger, Levi’s, Dockers, Jessica Simpson, Vince Camuto, Ellen Tracy, etc., saw its shares rise today after reporting strong third-quarter results and lifting its full-year forecast. For the quarter …
PVH Sells Off G.H. Bass to G-III Apparel Group
New York—PVH said Thursday it plans to sell its G.H. Bass & Co. footwear brand to G-III Apparel Group for $50 million. “G.H. Bass & Co. has been a positive and important contributor to PVH’s success since we acquired the business in 1987,” said Emanuel Chirico, PVH’s chairman/ceo. “However, our …
Week in Review: 10 Must-Reads
New York—Just because it was a shorter week for many of us—between Labor Day and Rosh Hashanah—there was no shortage of interesting fashion and retail news. Of course, the start of New York Fashion Week takes top billing this week—and next. The 10th annual Style Awards on Wednesday launched fashion …
G-III Q2 Profit More Than Doubles, Sales Up 21%
New York—G-III Apparel Group Ltd. today reported a second quarter profit more than double from last year as its sales of apparel and accessories grew at double-digit rates. The results, which beat analysts’ estimates, cause the company to raise its full year sales and earnings forecast. For the quarter ended …
G-III Swings into Q1 Profit on Strong Sales, Better Margins
New York—Shares of G-III Apparel, producer of licensed apparel and accessories for brands such as Calvin Klein, Tommy Hilfiger and Guess?, surged up about 18% in trading today after the company reported Monday afternoon that it swung into a first quarter profit. For the quarter ended April 30, the apparel …
G-III Q4 Profit Jumps on Apparel, Handbag Sales
New York—G-III Apparel Group Ltd. reported Tuesday that its fourth quarter profit jumped 62% as more of the company’s branded apparel and handbags sold. For the quarter ended Jan. 31, the apparel and accessories company posted net earnings of $8.1 million, or 40 cents a share, compared to $5 million …
G-III Q3 Profit Beats Estimates, But Sales Miss
New York—Though Superstorm Sandy interrupted its shipments during peak delivery times, G-III Apparel Group reported today that its third quarter profit still rose 11% on higher sales and higher gross margins. For the quarter ended Oct. 31, the apparel and accessories company reported net income of $48.3 million, or $2.37 …
G-III Apparel Group Swings into Wider Q1 Loss
New York—G-III Apparel Group reported today that it swung into a wider first quarter loss as its product costs and expenses rose. For the quarter ended April 30, the maker of merchandise under licenses from Calvin Klein, Tommy Hilfiger, Vince Camuto, Nine West and others posted a net loss of …
Warm Winter Chills G-III’s Q4 Profit
New York—Blaming a warmer-than-usual winter that hurt its apparel sales, G-III Apparel Group Ltd. reported Thursday that its fourth-quarter earnings dropped 59%. For the quarter ended Jan. 31, the company, which holds licenses for Calvin Klein, Sean John, Kenneth Cole, Cole Haan, Guess?, Jones New York, Jessica Simpson and Vince …
G-III Reports Soaring Q4 Profits
New York–G-III Apparel Group reported that its fourth quarter profits rose 36.9% on strong sales growth and predicted its fiscal 2011 would be strong as well. “In the year ahead, we believe we can grow our existing businesses, supplement them with new category growth in handbags and luggage, expand our …
G-III Apparel Group Signs Camuto Group Deal
New York–G-III Apparel Group has signed a joint venture deal with The Camuto Group that will open and operate footwear and accessories retail stores under the Vince Camuto brand. Initially focused on the outlet retail market, the companies said today they believe that there is a “significant opportunity” for the …