Donna Karan news and archive

G-III Apparel Group posts sales and earnings growth

G-III’s net sales for the first quarter were 609.7 million dollars , while net income rose to 5.8 million dollars or 12 cents per diluted share versus the prior year’s quarter. Non-GAAP net income per diluted share was 12 cents for the quarter compared to 13 cents in the same period last year. Commenting on the first quarter results, Morris...

Business

G-III Apparel posts Q4 revenue decline of 10.5 percent

Fourth quarter net sales at G-III Apparel Group decreased 10.5 percent to 764.8 million dollars. Net income for the quarter was 28.9 million dollars or 61 cents per diluted share, while non-GAAP net income per diluted share increased to 76 cents. Commenting on the results, Morris Goldfarb, G-III’s chairman and CEO, said: “We delivered strong...

BusinessFeatured

G-III Apparel Group ups full-year outlook as Q2 sales rise

G-III Apparel Group has upped its full-year guidance after reporting a 9 percent increase in sales but narrowing profits in the second quarter. The group, whose portfolio includes brands Karl Lagerfeld, DKNY, and Donna Karan, generated sales of 659.8 million dollars in the three months ended July 31. That’s compared to sales of 605.2 million...

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...

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...

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...

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...

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....

Fashion |Interview Featured

Jeremyville on the new DKNY capsule collaboration

New York based brand DKNY has launched a new capsule collection in collaboration with contemporary artist Jeremyville. The seven piece collection features monochrome illustrations in Jeremyville’s signature quirky style, printed on streetwear inspired by the city of New York. Each of the unisex pieces stars a number of odd and comical...

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...

Retail

Donna Karan to open Urban Zen in New York

As a fashion mogul, Donna Karan is no stranger to fashion retail. The designer just confirmed a new Urban Zen store opening to debut in New York next month. The new venture was confirmed to WWD, set to open in Sag Harbor. The store will serve as the brand's third standalone store. According to the brand's website, Urban Zen currently has...

BusinessFeatured

LVMH sells Donna Karan brands to G-III Apparell

Donna Karan, once the go-to-label for dressing the modern working woman, has been sold by parent company LVMH to New York-based G-III Apparel Group Ltd for the sum of 650 million dollars. Both the Donna Karan and DKNY brands will be sold off when the transaction is completed in early 2017. Antonio Belloni, managing director of LVMH said in a...