
The New York-based fashion group announced improvements in sales and earnings for the first quarter of 2020 on Wednesday, but disappointed with total revenues that came in under analysts’ predictions.
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The New York-based fashion group announced improvements in sales and earnings for the first quarter of 2020 on Wednesday, but disappointed with total revenues that came in under analysts’ predictions.
New York-based G-III Apparel Group announced on Thursday a record year with net sales hitting $3.08 billion, up from $2.81 billion in the prior year, jumping almost 10 percent.
G-III Apparel Group announced a second quarter record with net sales up 16.1 percent hitting $624.7 million, compared to $538.0 million reported in the prior year period.
The New York-based apparel group behind DKNY, Donna Karan and Vilebrequin saw net sales rise 16% in Q1 2019, hitting a first quarter record of $611.7 million, compared to $529.0 million in the prior year period.
G-III Apparel ended the year with double-digit growth, following a standout sales year with net sales of $2.81 billion, up 17.6 percent.
Fashion labels DKNY and Donna Karan have become the latest major brands to abolish the use of fur in their collections.
G-III Apparel's double-digit growth streak continued well into the third quarter with net sales up 16 percent at $1.02 billion, setting another quarterly record.
For the second quarter in a row, G-III Apparel reports double-digit growth. The parent company of Donna Karan saw net sales increase for the second quarter of 2018 by 21.6% to $538 million.
The parent company of Donna Karan posted record first quarter sales, but also reported a net loss of $10.4 million due to operating losses and expenses related to the ownership of Donna Karan International
Beginning in February 2018, Macy's will carry DKNY womenswear, footwear and accessories and men's swimwear. Macy's will also open DKNY shop-in-shops at its stores.