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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...