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Article Date: March 2018
Word Count: 143

G-III Sees Red Ink in Q4 from Charges


Net loss narrowed to $542,000 from a loss of $20,105,000 in the final fiscal quarter ended Jan. 31 on 18% higher revenues at $714,897,000 vs. $603,289,000 boosted by $85 million in sales from the Donna Karan acquisition. Wholesale sales were higher, but the company’s legacy retail business continues to struggle. Net income was pulled down by a $7.5 million one-time deferred tax asset writedown due to the tax act, and about ... Log in to view full article.

 


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