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 results were well below forecasts and sent shares down 14%, as it reported net for the year of $51,938,000, down 55% from $114,333,000 on sales of $2,386,435,000 compared to $2,344,142,000.

G-III, which also announced a new arrangement to make Macy’s the exclusive department store partner for women’s apparel and accessories, ... Log in to view full article.