G-III Has Loss in Q4 on Weak Retail, Donna Karan Costs
The loss was $20,105,000 compared to income of $7,964,000 for the final quarter ended Jan. 31 as sales improved 14% to $603,289,000 from $$527,428,000.
The comprehensive loss was $4,408,000 for the year ended Dec, 31 this year against a comprehensive loss of $4,400,000 last year as sales rose 6% to $79,330,000 from $74,675,000.
Troy Brown was named president of North America and Adam Ellis was named president of international, both reporting to CEO Richard Brooks.
A CA state court judge ruled that Jawbone’s claim that Fitbit stole trade secrets can go before a jury, allowing Jawbone to pursue much the same case that it lost before the International Trade Commission.
Lawsuits were filed in federal court for Austin, TX, against Bayou Ice Boxes and Axis Cups, alleging they violated Yeti’s trade dress protection for its coolers and cups.