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Article Date: June 2021
Word Count: 147

G-III Returns to Profit as Sales Rebound


Net income was $26,321,000 in the first quarter ended Apr. 30, against a loss of $39,295,000 last year, on 28% higher revenues of $519,910,000 up from $405,131,000. The prior year’s quarter included $15 million in operating losses from since-shuttered Wilsons Leather and G.H. Bass retail business. Casual categories and sportswear dominated sales, along with a resurgence in jeans, but GIII is starting to see strengthening in dress apparel. Vilebrequin swimwear performed well, driven ... Log in to view full article.

 


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