DKNY news and archive

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

Metaverse Fashion Week: 9 Events you may have missed

Now in its second edition, the highly anticipated Metaverse Fashion Week (MVFW) took place last week, spanning over March 28 to 31, and, for the first time, spreading across three metaverses, including Decentraland, Over and Spatial. For this year, the theme was ‘Future Heritage’, which saw the event explore the relationship between tradition...

ManagementFeatured

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...

Report

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...

Fashion

DKNY opens digital store during Metaverse Fashion Week

Metaverse marketplace Renovi has teamed up with seven brands on the opening of digital stores in Decentraland. The string of launches comes as part of the ongoing Metaverse Fashion Week, which will run until March 27. DKNY and Charles & Keith are among the brands set to showcase their virtual products during the event, as well as luxury label...

Report

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...

Report

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....

Business

DKNY to release new logo as NFT for auction

Announcing through a special platform, DKNY has unveiled its upcoming event auctioning of a non-fungible token of its new logo, with funds going to charity. On September 1, those interested will be able to access the brand’s auction site to bid on the digital package. Labelled ‘An Ode to NYC’, the fashion labels first NFT and new logo aim to...

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...

ManagementFeatured

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...

Business

G-III Apparel Group reports 26.7 percent drop in Q3 sales

G-III Apparel Group has reported a 26.7 percent decrease in net sales for the third quarter of the year. For the three months to October 31, the company’s net sales fell to 826.6 million dollars from 1.13 billion dollars in the same period last year. The group said it now expects net sales to decline approximately 30 percent in the fourth...