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G-III Apparel Group

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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.

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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.

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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.

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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.

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. 

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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.

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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. 

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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.

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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.

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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.

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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.

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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. 

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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.

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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. 

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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. 

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G-III Apparel Group has increased its interest in designer brand Karl Lagerfeld by taking a 19% minority stake in the parent company.

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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. 

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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. 

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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. 

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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.

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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.

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G-III Apparel Group has booked a “strong” performance in its fourth-quarter thanks to strength in the firm's wholesale and retail businesses.

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G-III Apparel Group has booked a “strong” performance in its fourth-quarter thanks to strength in the firm's wholesale and retail businesses.

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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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G-III Apparel Group has lifted its full-year earnings and sales guidance after booking an increase in third-quarter profits.

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G-III Apparel Group has lifted its full-year earnings and sales guidance after booking an increase in third-quarter profits.

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G-III Apparel Group has lifted its full-year earnings and sales guidance after booking a 72% increase in second-quarter net profit.

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G-III Apparel Group has lifted its full-year earnings and sales guidance after booking a 72% increase in second-quarter net profit.