×
143
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
By
Reuters
Published
Sep 9, 2010
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

G-III sees strong H2 on brand extensions; shares jump

By
Reuters
Published
Sep 9, 2010


Kenneth Cole for G-III Apparel Group
G-III Apparel Group Ltd (GIII.O) raised its full-year outlook and sees third-quarter same-store sales to rise between the high-single to low-double digits, as its fashion brands attract shoppers and an expansion in the higher-margin accessories and dress business boosts profits.

The apparel manufacturer, which licenses clothes and accessories under the Calvin Klein, Sean John, Kenneth Cole Productions Inc (KCP.N), Cole Haan, GuessInc (GES.N) brands among others, said August sales were strong and that it was seeing an improvement in gross margins.

"We are excited to add licenses for handbags and luggage under the Calvin Klein brand ... we believe the businesses can achieve $200 million in annual sales in the next few years," Chief Executive Morris Goldfarb said on a conference call with analysts.

G-III is expecting a better fall and holiday dress business than last year, and looking ahead to a strong second half, he added.

The company, which continues to look at possible acquisition opportunities, mainly in the accessories space, raised its full-year 2011 earnings outlook to $2.60-$2.70 a share from its previous view of $2.20-$2.30 a share.

The second quarter ended July 31 saw higher gross margins of 32.2 percent, from 30 percent a year ago.

The New-York City based company reported a profit of 15 cents a share, while analysts were expecting a loss of 2 cents a share, according to Thomson Reuters I/B/E/S.

Sales rose 39 percent to $189 million, topping estimates, helped by strong sales of women's dresses, sportswear and suits at wholesale.

Shares of the company, which have gained 26 percent since touching a 52-week high in May, were trading up 18 percent at $28.60 in midday trade Wednesday on Nasdaq. They touched a high of $29.03 earlier in the day.

(Reporting by NR Sethuraman in Bangalore; Editing by Unnikrishnan Nair)

© Thomson Reuters 2022 All rights reserved.