Net income was up 16% to $30,634,000 in the first quarter from $26,321,000 last year, as sales grew 32% to $688,757,000 from $519,910,000. Profits were pulled down by $4.1 million of costs related to the Karl Lagerfeld acquisition. While mostly focused on its fashion brands, GIII’s said Vilebrequin swimwear grew DTC sales strong double digits, while wholesale nearly doubled from pre-pandemic levels. Gross margin contracted ... Log in to view full article.