G-III Apparel news and archive

HanesBrands in licensing deal with G-III Apparel for Champion and C9 Champion Outerwear

Basic apparel maker HanesBrands, Inc. (HBI) Thursday said it has entered into a strategic multi-year license agreement for Champion and C9 Champion Outerwear with G-III Apparel Group, Ltd. (GIII). In pre-market activity on Nasdaq, G-III Apparel shares were gaining around 14.5 percent to trade at $22.10. The deal includes design, production and...

BusinessFeatured

G-III Apparel Q1 net sales up 28 percent, swings to profit

US fashion group G-III Apparel has reported a 28.3 percent increase in net sales for the first quarter of the year, beating analysts’ estimates as it swung to a profit. For the three months to April 30, net sales increased to 519.9 million dollars from 405.1 million dollars a year earlier when the pandemic was in full swing and when a large...

BusinessFeatured

G-III reports 30 percent drop in Q4 net sales, expects Q1 gains

US fashion group G-III Apparel has reported a 30.3 percent drop in net sales for the fourth quarter of the year. For the three months to January 31, 2021, the Nasdaq-listed company’s net sales fell to 526.2 million dollars from 754.6 million dollars a year earlier. The company, which owns brands DKNY and Donna Karan, said net income for the...

Business

G-III Apparel enters race for Arcadia brands

US fashion company G-III Apparel has reportedly entered the race to acquire assets from the collapsed Arcadia Group. Nasdaq-listed G-III Apparel has joined a list of potential parties interested in snapping up brands from the failed British retail empire, The Telegraph reports. Arcadia, whose portfolio includes Topshop, Burton and Dorothy...

Apparel

Agitated week ahead for G-III Apparel

The week ahead presents itself as an agitated one for G-III Apparel, as its shares have been under scrutiny of several equity research firms for the past months. The stock has not left anyone indifferent though. Shares of G-III Apparel opened at 24.15 on Friday 16th of December. G-III Apparel has a 52 week low of $17.31 (Rs 933) and a 52 week...