G-III Apparel Group
Apparel and textile industry company news
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US Q1 in brief –Vince Holding Corp, Tailored Brands, Destination Maternity
In the latest first-quarter filings from US apparel and footwear brands and retailers, Destination Maternity had a challenging start to the year and announced Marla Ryan will step down as CEO, Oxford Industries started well as the firm delivered its ninth consecutive quarter of consolidated comparable sales, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker.
G-III Apparel mulls sourcing shift out of China
Clothing company G-III Apparel Group says it is taking a number of steps to offset the impact of the ongoing trade war between the US and China, including reducing its production in China and raising prices.
PVH inks Calvin Klein Jeans license with G-III Apparel
Apparel giant PVH Corp has inked a five-year licensing deal with G-III Apparel Group to produce and distribute Calvin Klein Jeans women’s wear collections in the US and Canada.
US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity
In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.
G-III taps former Bonobos CEO to lead AM Retail Group
Branded apparel and accessories maker G-III Apparel Group has named former Bonobos CEO Fran Della Badia as president of its retail subsidiary AM Retail Group.
US Q2 in brief – Boot Barn Holdings, VF Corp, Sears
In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.
US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn
In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.
US Q4 in brief – Boot Barn Holdings, Destination Maternity
In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Destination Maternity narrowed its net loss, Sears was boosted by the new US tax law, Caleres returned to profit, Dick's Sporting Goods achieved growth across key businesses, and Urban Outfitters produced record fourth-quarter sales.
Donna Karan and DKNY to go fur-free
Branded apparel and accessories maker G-III Apparel Group has announced its Donna Karan and DKNY brand will no longer use animal fur in its products.
US Q3 in brief – Deckers Brands, Boot Barn Holdings
In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.
US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding
In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.
GIII and Gehring fund ink joint venture for DKNY in China
GIII Apparel Group is expanding its DKNY and Donna Karan brands into China following a joint-venture with Fred Gehring's investment fund Amlon Capital.
US Q1 in brief – Cherokee, The Finish Line, J Crew
In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners.
G-III Apparel inks DKNY deal in US and Canada
G-III Apparel Group has inked a multi-year licensing agreement with PVH Corp, in a move that will see the US apparel giant design and distribute menswear for the DKNY brand in the US and Canada.
US Q4 in brief – Cherokee, Vince Holding, Destination Maternity
In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions.
G-III Apparel taps Kennedy for Donna Karan
Branded apparel and accessories maker G-III Apparel Group has tapped Ralph Lauren's Barbara Kennedy as its president-wholesale-design, merchandising and sales for Donna Karan, following its US$650m acquisition of Donna Karan International.
G-III Apparel cuts FY outlook on weak retail sales
Branded apparel and accessories maker G-III Apparel Group has cut its full-year outlook – blaming unseasonably warm weather, lower traffic, and lower sales particularly at its Wilsons and GH Bass retail chains.
US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears
In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.
G-III Apparel completes US$650m Donna Karan acquisition
Branded apparel and accessories maker G-III Apparel Group has completed its US$650m acquisition of Donna Karan International, parent of the Donna Karan and DKNY brands.
US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands
In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter.
LVMH to sell Donna Karan to G-III for US$650m
Branded apparel and accessories maker G-III Apparel Group is to buy Donna Karan International, parent of the Donna Karan and DKNY brands, from luxury goods group LVHM for US$650m.
US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity
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 increases interest in Karl Lagerfeld
G-III Apparel Group has increased its interest in designer brand Karl Lagerfeld by taking a 19% minority stake in the parent company.
US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse
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.
Tommy Hilfiger inks dress licensing deal with G-III
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.
US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree
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.
US Q1 in brief: Finish Line, Cherokee, Destination Maternity
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 signs Karl Lagerfeld JV
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 reveals “strong” Q4
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 signs footwear deal with Genesco
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.
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