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Article Date: March 2021
Word Count: 121

G-III Reports a Down Final Quarter

Net income in the final quarter was off 42% to $14,642,000 from $25,288,000 on 30% lower sales of $526,242,000 down from $754,617,000. Gross margin was up 240 basis points to 35.6%, while SG&A was slashed by 20% in dollars but still deleveraged on the lower top line. G-III is primarily focused on its fashion business these days, but noted that it ... Log in to view full article.


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