G-III APPAREL GROUP news and archive

G-III reports increase in Q3 sales, but profits narrow

G-III Apparel Group has reported a drop in profit in the third quarter of the year amid logistical issues at its distribution centers. The Nasdaq-listed group posted net profit of 61.1 million dollars in the three months to October 31, down from 106.7 million dollars a year earlier. Chief executive Morris Goldfarb said higher inventory levels in...

Dec 1, 2022

Business

PVH extends G-III licensing deals to bring core categories in-house

PVH Corp has announced the extension of most of its licensing agreements with brands under the G-III Apparel Group. The extension pertains to Calvin Klein and Tommy Hilfiger in the US and Canada, and largely covers the brands’ women’s North American wholesale businesses. The agreement moves the group’s licence expiry date from 2025 to 2027. It...

Dec 1, 2022

BusinessFeatured

G-III Apparel Group reports increase in Q2 sales and earnings

G-III Apparel Group has reported a 25 percent increase in net sales in the second quarter to 605.2 million dollars. The company reported net income of 36.3 million dollars or 74 cents per diluted share, compared to 19.2 million dollars or 39 cents per diluted share in the prior year’s quarter. Non-GAAP net income per diluted share was 39 cents...

Sep 8, 2022

Business

Inter Parfums signs fragrance licensing agreement with Donna Karan and DKNY

Inter Parfums, a perfume and cosmetics manufacturer, has announced that it has closed an agreement with G-III Apparel Group allowing it to become the exclusive global licensee for Donna Karan and DKNY fragrances. The two brands have gained notoriety through multiple awards and are regularly considered as one of the top 25 selling fragrances in...

Jul 21, 2022

Business

G-III Apparel Group posts strong sales growth, raises outlook

G-III Apparel Group, Ltd. net sales for the first quarter ended April 30, 2022 increased 32.5 percent to 688.8 million dollars. The company reported net income of 30.6 million dollars or 62 cents per diluted share, compared to 26.3 millions or 53 cents per diluted share, in the prior year’s quarter. Non-GAAP net income per diluted share was 72...

Jun 7, 2022

Business

G-III Apparel Group raises full year forecast

G-III Apparel Group, Ltd. said net sales for the third quarter ended October 31, 2021 increased 22.8 percent to 1.02 billion dollars. The company reported net income of 106.7 million dollars or 2.16 dollars per diluted share compared to 63.2 million dollars or 1.29 dollars per diluted share, in the prior year’s quarter. Commenting on the company...

Dec 2, 2021

BusinessFeatured

G-III to acquire iconic Parisian luxury label Sonia Rykiel

US fashion group G-III Apparel has announced plans to acquire iconic Parisian luxury label Sonia Rykiel for an undisclosed sum. G-III, whose portfolio already includes brands DKNY, Donna Karan and Vilebrequin, said it aims to “accelerate the relaunch of the brand primarily in Europe” for autumn 2022, with collections across multiple categories....

Sep 23, 2021

Business

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....

Sep 2, 2021

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...

Jun 4, 2020

Business

G-III Apparel Group revenue drops 36.1 percent for Q1

G-III Apparel Group reported its net loss for Q1 dropped on Thursday. Revenues dropped by 36.1 percent from the same period last year. The company's net profit for Q1 was -39 million dollars, down from 12 million dollars a year earlier. Furthermore, revenues dropped to 405 million dollars. Compared to 2 percent a year ago, the profit margin of...

Jun 4, 2020

Business

G-III Apparel Group posts rise in Q3 revenues and profit

The company said on Wednesday its Q3 net profit increased. Compared with the same period last year, revenues surged by 5 percent. The company's net profit for Q3 was 95 million , grew from 94 million a year earlier. Furthermore, revenues grew to 1,128 million . G-III Apparel Group, Ltd. (NASDAQ: GIII) was founded in 1956 by Aron Goldfarb, who...

Dec 5, 2019

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...

Mar 22, 2019