85 731
Fashion Jobs
HENKEL
Senior Automation Tech
Permanent · GENEVA
ESSILORLUXOTTICA GROUP
Customer Service Representative
Permanent · EAST SYRACUSE
ESSILORLUXOTTICA GROUP
Customer Service Representative Classic Optical)
Permanent · YOUNGSTOWN
ESSILORLUXOTTICA GROUP
sr. Manager, Business Growth
Permanent · NEW YORK
ESSILORLUXOTTICA GROUP
Associate Manager, Trade Event Marketing
Permanent · DALLAS
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · PEMBROKE PINES
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · CAMARILLO
ESSILORLUXOTTICA GROUP
Naasc - Material Handler II (Inbound Team Lead)
Permanent · MCDONOUGH
ESSILORLUXOTTICA GROUP
Oakley Store Market Manager- Denver Market
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant (Denver)
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Wholesale - Analyst, Supply Chain (Vendor Compliance)
Permanent · PORT WASHINGTON
ESSILORLUXOTTICA GROUP
Essilorluxottica Wholesale - Sales Representative
Permanent · RALEIGH
ESSILORLUXOTTICA GROUP
Wholesale - Coordinator- Sales Operations (Rep Orders)
Permanent · PORT WASHINGTON
AMRG
Sales Supervisor - Full Time
Permanent · ROSEMONT
WALGREENS
Overnight Call Center Representative - Pharmacy (Onsite)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Part Time)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Full Time)
Permanent · CHANDLER
WALGREENS
Senior Manager, Merchandise Planning
Permanent · DEERFIELD
WALGREENS
Digital Commerce Associate Manager, Merchandising
Permanent · DEERFIELD
WALGREENS
General Warehouse Person Pendergrass Rfc
Permanent · PENDERGRASS
CALERES
Associate Manager - Famous Footwear
Permanent · MANKATO
NORTH CAROLINA STATE
County Extension Director
Permanent · GOLDSBORO
Published
Mar 23, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

G-III reports double-digit growth for 2017

Published
Mar 23, 2018

G-III Apparel ended the year with double-digit growth, following a standout sales year.
 

G-IIIreports double digit growth for 2017. - Facebook: DKNY


Net sales for the fiscal year ended January 31, 2018 increased 17.6 percent to $2.81 billion from $2.39 billion in the prior year. Approximately $258 million of net sales came from the DKNY and Donna Karan business (DKI), which was acquired last year from LVMH. The company said net income for the fiscal year was $62.1 million, or $1.25 per diluted share.
 
For the fourth quarter, net sales also increased by 18.5 percent to $715 million, of which $85 million was related to the DKI business.

Meanwhile, the company reported a fourth quarter GAAP net loss of $542,000, or $(0.01) per share, due to charges relating to the acquisition of the Donna Karan brand and other asset impairment charges.
 
In addition to DKNY, the apparel group owns brands Vilebrequin, G. H. Bass, Andrew Marc, Marc New York, Eliza J and Jessica Howard, as well as other fashion licenses, a team sports business and retail stores under several banners.
 
Morris Goldfarb, G-III’s Chairman and CEO noted that its fashion licenses under Calvin Klein, Tommy Hilfiger and Karl Lagerfeld Paris also contributed to the strong growth.
 
“We are pleased to have finished with better results than last year, particularly as a result of our power brands: Calvin Klein, Tommy Hilfiger, DKNY, Donna Karan and Karl Lagerfeld Paris. The strength of these businesses is enabling us to grow profitably despite the pressures of a persistently challenging environment.”
 
“We are focused on improving the results of our specialty retail operations. In that regard, we continue to implement our strategy to improve productivity and streamline operations. We believe that significant growth in our wholesale businesses should continue to propel us to higher sales and profits over the next several years,” said Goldfarb.
 
For fiscal 2019, the company is forecasting net sales of approximately $2.94 billion and net income between $97 million and $102 million, or between $1.90 and $2.00 per diluted share.
 
Meanwhile, for its upcoming quarter the company is forecasting net sales of approximately $570 million and a net loss between $2.0 million and $7.0 million, or $(0.04) to $(0.14) per share.

Copyright © 2024 FashionNetwork.com All rights reserved.