G-III Apparel Group Ltd
Jones Group shares jumped nearly 5% in late trading yesterday (19 December) on the long anticipated news the struggling US clothing and foot...
Women's wear maker G-III Apparel has revealed it is looking for further acquisitions to bolster its business after it bought men's luxury sw...
At first glance, the third quarter results announced by apparel giant PVH this week look mostly sound – but significant challenges lurk below the top-line positivity.
Increased costs, quality issues, and weakened demand resulted in job cuts and widened losses for certain retailers in 2013. But overseas expansion, the value of domestic manufacturing, and innovative products bolstered others.
Women's wear maker G-III Apparel has revealed it is looking for further acquisitions to bolster its business after it bought men's luxury swimwear brand Vilebrequin in August.
A string of Chapter 11 filings by clothing and footwear retailers in recent months shows that fashion is feeling the pinch of an economic slowdown in the US. However, this week's news that fashion chain Steve & Barry's is being bought by an investment firm for US$168m will do much to buoy the sector. Joe Ayling reports.
In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance.
G-III Apparel Group has increased its interest in designer brand Karl Lagerfeld by taking a 19% minority stake in the parent company.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
PVH-owned Tommy Hilfiger has entered into a licensing agreement with G-III Apparel Group for a new women's dress collection – a key growth category for the brand.
Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black.
First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings.
G-III Apparel Group has teamed up with Karl Lagerfeld Group for the development of the US designer’s namesake brand in the North American market.
G-III Apparel Group has booked a “strong” performance in its fourth-quarter thanks to strength in the firm's wholesale and retail businesses.
G-III Apparel has entered into a wholesale license agreement with apparel and footwear retailer Genesco for the design, distribution and marketing of GH Bass footwear in the US and Canada.
G-III Apparel Group has lifted its full-year earnings and sales guidance after booking an increase in third-quarter profits.
G-III Apparel Group has lifted its full-year earnings and sales guidance after booking a 72% increase in second-quarter net profit.
G-III Apparel Group has announced a public offering of 1.5m shares in the business, which could raise nearly US$112m after expenses.
G-III Apparel Group will introduce GH Bass-branded men's, women's and children's footwear in Europe as part of a multi-year licensing agreement with Overland Ltd.
G-III Apparel Group has booked an increase in first-quarter profit and upped its sales and earnings guidance for the full year.
G-III Apparel Group has signed a multi-year license agreement with PVH Corp under which PVH will design, market, and distribute men's sportswear under G-III's GH Bass & Co. brand.
G-III Apparel Group reported a 62% increase in earnings for the fourth quarter, boosted by strong double-digit revenue growth.
G-III Apparel Group has today (4 December) lifted its full-year earnings guidance after reporting a 23% increase in third-quarter net profit, helped by higher sales.
Brand management company Sequential Brands Group has unveiled expansion plans for its women's fashion brand Ellen Tracy, including distribution into South Korea.
US apparel business PVH Corporation has completed the sale of its GH Bass & Co footwear brand to women's wear maker G-III Apparel Group in a deal worth US$50m.
Apparel giant PVH Corp is to sell its GH Bass & Co footwear brand to clothing maker G-III Apparel Group in a deal worth $50m, as it focuses on its designer lifestyle businesses like Calvin Klein and Tommy Hilfiger.
G-III Apparel Group president Jeanette Nostra has resigned from the US clothing manufacturer.
G-III Apparel Group increased its full-year earnings and revenue forecasts after returning to profitability in the company’s first quarter.
G-III Apparel Group saw fourth quarter net income increase on rising sales.
Women's wear maker G-III Apparel Group has inked a licence agreement with fashion model and businesswoman Ivanka Trump to develop sportswear, dresses, suits, suit separates, sleepwear, activewear, jeanswear and intimates.
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