G-III Apparel Group’s third quarter net sales increased 1.8 percent to 1.09 billion dollars, while net income was 114.8 million dollars or 2.55 dollars per diluted share. The company said non-GAAP net income per diluted share was 2.59 dollars for the quarter compared to 2.78 dollars in the same period last year. Commenting on the financial...
Dec 11, 2024
G-III Apparel Group reported net sales for the second quarter decreased 2 percent to 644.8 million dollars. Net income for the quarter rose to 24.2 million dollars or 53 cents and non-GAAP net income per diluted share increased to 52 cents. The company expects 2025 net sales to increase by approximately 3 percent to 3.20 billion dollars, net...
Sep 6, 2024
It was a busy week for brands and their respective ambassadors, many of whom were selected for their connections to a younger generation of potential shoppers, a group brands are continuously trying to align with. Here are some of the biggest collaborations of the week, some ringing in the launch of the all important autumn campaigns. HeyDude...
Aug 23, 2024
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...
Jun 7, 2024
G-III Apparel Group, Ltd. (GIII), the parent company of DKNY, Karl Lagerfeld, Donna Karan, and Sonia Rykiel, has signed a strategic partnership with Spanish fashion group All We Wear Group (AWWG) to accelerate the international expansion of its fashion brands. Under the agreement, G-III acquired an approximately 12 percent stake in the...
Jun 6, 2024
DKNY has launched an exclusive collection of virtual products on Roblox, as the brand appeals to a broader global audience of gamers and fashion lovers. An immersive platform with more than 70 million daily active users, DKNY's entry to Roblox is part of a wider launch driven by in-game retailer Dubit. Partnering with Dubit, who previously...
May 2, 2024
New York-based fashion brand DKNY has entered into a new partnership with the New York Yankees. Through this multifaceted and long-term partnership, DKNY is set to have a presence in Yankee Stadium once again, with a huge billboard on the right featuring the brand’s new logo. The move comes 14 years after DKNY made history as the first fashion...
Apr 2, 2024
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...
Mar 15, 2024
Which brands are not to be missed during your next visit to Modefabriek? These ten brands deserve a place on your list. From labels with timeless items that last for seasons to essential pieces for a sustainable wardrobe. Some brands are launching something completely new at Modefabriek, like Penn & Ink and Pom Amsterdam. What exactly will...
Dec 21, 2023
DKNY Tech has unveiled its first collection of skiwear as it looks to tap into the continued stability of the winter sports market. A total of 30 pieces make up the line, including “body-contoured ski suits” and flared ski pants treated with a water-repellent finish, each made with what the brand says is “recycled fill”. In addition to this, the...
Dec 5, 2023
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...
Sep 25, 2023
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...
Sep 7, 2023