G-III Apparel Group 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...

Fashion

Donna Karen New York relaunches with supermodel campaign

Womenswear brand Donna Karen New York, part of G-III Apparel Group, has enlisted eight iconic supermodels, including Cindy Crawford, Linda Evangelista and Karlie Kloss to star in its ‘In Women We Trust’ relaunch campaign. The campaign, photographed by Annie Leibovitz, has been designed to mark a new chapter in both “legacy and future,” to...

BusinessFeatured

G-III raises earning outlook, appoints chief growth officer

G-III Apparel Group’s net sales for the third quarter decreased 1 percent to 1.07 billion dollars. The company said net income rose to 127.6 million dollars or 2.74 dollars per diluted share, while non-GAAP net income per diluted share increased to 2.78 dollars for the third quarter. G-III also announced that it has appointed Dana Perlman as its...

Fashion |In Pictures

DKNY reimagines logo to target the next generation

New York-based fashion label DKNY, founded by Donna Karen and part of the G-III Apparel Group, has relaunched its logo as it sets “to capture the hearts of a new generation”. The new logo launches with the ‘The Heart of NY’ capsule collection, described by the brand as a “love letter to the streetstyle and energy of New York,” which aims to...

Business

G-III Apparel Group appoints three new board members

G-III Apparel Group has announced the appointment of three new members to its board of directors, revealed during its Annual Meeting of Stockholders. President of the Fashion Institute of Technology (FIT), Joyce Brown, is among those announced, bringing to the board over 40 years of experience in public higher education. Brown has additionally...

BusinessFeatured

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...

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...

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...