G-III Apparel Q2 sales down, tariff impact expected

For the second quarter, G-III Apparel Group's net sales decreased 5 percent to 613.3 million dollars compared to the same period last year. Net income for the quarter was 10.9 million dollars, or 25 cents per diluted share, a decline from 24.2 million dollars, or 53 cents per diluted share, a year ago. G-III also repurchased 1.14 million of its shares for 24.6 million dollars during the quarter.