G-III Swings to Profit as Sales Improve
Net income was $10,077,000 in the second quarter ended Jul. 31 against a loss of $8,568,000 last year on a 16% jump in revenues to $624,698,000 from $538,006,000. Gross margin slipped 70 basis points to 37.1%. While the majority of GIII’s gains came from its fashion brands and the DKNY business acquired last year, it noted that ... Log in to view full article.
