G-III Apparel Swings to Loss on Retail Liquidation
Net loss was $14,976,000 in the second quarter ended Jul. 31 against a profit of $11,119,000 last year as the top line was more than halved at $297,212,000 down from $643,892,000. A pre-tax asset impairment charge of $14.3 million for the 110 Wilsons Leather and 89 G.H. Bass stores that are being liquidated weighed on results, and the discontinued retail operations in aggregate posted a net loss ... Log in to view full article.