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Article Date: September 2021
Word Count: 140

G-III Apparel Sees Growing Demand for Athleisure


Net income was $19,168,000 in the second quarter against a loss of $14,976,000 that included $14.3 million in asset impairments, as sales rebounded 63% to $483,081,000 from $297,212,000. G-III believes it is well-positioned to benefit from the athleisure and comfort apparel trend accelerated by the pandemic, noting that it entered the category 12 years ago with its Calvin Klein license. It has been rapidly growing Tommy Hilfiger’s assortment, and promised ... Log in to view full article.

 


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