USA: G-III FY Net Loss Narrows To $3.1m
The company, which produces apparel under licence to Timberland and Nine West, also posted higher net income of $8.4m for the year, compared with $382,000 in fiscal 2002.
CEO Morris Goldfarb said the company was "pleased" with its improved full-year results.
"The primary driver of the results was a strong performance of our sports apparel, but we were also pleased with the performance of a number of our other brands, particularly Sean Jean and Cole Haan," he said.
"While the retail environment remained challenging, we achieved our financial plan and ended the year with a strong balance sheet."
Goldfarb said G-III would focus on growing its core sports apparel business in fiscal 2004.
Sportswear line Sean John and G-III Apparel Group have signed a license deal for G-III to make and distribute the Sean John Women's sportswear collection....
Calvin Klein Inc has signed a licensing agreement with G-III Apparel Group Ltd for women's better suits in the United States, Canada, and Mexico....
Outerwear and sportswear company G-III Apparel Group Ltd has promoted Neal Nackman to the position of chief financial officer from the position of vice president, finance....
Outerwear and sportswear maker G-III Apparel Group Ltd has added two privately held outerwear businesses to its portfolio....
- Trump blows the case for Brexit out of the water
- How to ensure sustainability is more than a slogan
- Steps to piloting living wage in garment factories
- Duty-free trade key to build Africa supply chains
- Bangladesh slips as US imports decline in October
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth
- US Q3 in brief – Destination Maternity, Cherokee
- World cotton price prospects lifted again
- Adidas NYC flagship raises the bar on sport stores