×
4 494
Fashion Jobs
BOOHOOMAN
Menswear Buyer
Permanent · MANCHESTER
PRIMARK
Business Analyst - Checkout Management Epos
Permanent · READING
PRIMARK
Business Analyst - Checkout Management Mpe
Permanent · READING
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Stratford (Westfield)
Permanent · London
LEVI'S
Keyholder - 30 Hours Per Week
Permanent · Norwich
L'OREAL GROUP
Prada Beauty Deputy Business Manager, 1.0, Harrods London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Marks & Spencer - 15 Hours
Permanent · London
ESTÉE LAUDER
Clinique - Account Manager - Boots - 30 Hours
Permanent · Berkshire
ESTÉE LAUDER
Clinique - Consultant - John Lewis - 13 Hours
Permanent · High Wycombe
AESOP
Retail Consultant | Aesop Piccadilly Arcade, London | Full Time
Permanent · London
TK MAXX
Security And Loss Prevention Advisor
Permanent · Preston
TJX EUROPE
Brand & Marketing Administrator
Permanent · Grand Londres
TK MAXX
Loss Prevention Advisor - Glasgow And Surrounding Area - Full-Time- Permanent
Permanent · Glasgow
TK MAXX
Loss Prevention Officer - Permanent - 2 x pt 20hrs Bedford Town
Permanent · Bedfordshire
FARFETCH
Senior Performance Marketing Executive (DACH Region) – Affiliates And Growth Partner Marketing
Permanent · LONDON
RALPH LAUREN
Sales Professional
Permanent · London
RALPH LAUREN
Sales Professional
Permanent · London
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Shepherd’s Bush (Westfield)
Permanent · London
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Trafford
Permanent · Manchester
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Princesshay
Permanent · Exeter
MULBERRY
Warehouse Team Leader
Permanent · SHEPTON MALLET
MULBERRY
Senior Retail Operations Manager UK & Emea
Permanent · LONDON
Ads
Published
Mar 18, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

G-III records 'strongest year' in company history as annual sales, profits surge

Published
Mar 18, 2022

G-III Apparel Group said on Thursday net sales for fiscal 2022 surged 35%, on the back of even stronger sales in the fourth quarter, as the U.S fashion group said it recorded its "strongest year" in company history.


The U.S fashion group said it recorded its"strongest year" in company history. - DKNY


New York-based GIII Apparel said ​net sales for the fiscal year ended January 31, 2022 increased 35% to $2.77 billion, from $2.06 billion in the prior year. During the twelve months, the company also reported net income of $200.6 million, or $4.05 per diluted share, catapulting from $23.5 million, or $0.48 per diluted share, in the prior year.

Likewise, ​​net sales for the fourth quarter increased 42% to $748.2 billion, up from $526.2 million in the fourth quarter last year. The owner of DKNY, Sonia Rykiel and Karl Lagerfeld Paris brands said quarterly net income totalled $48.4 million, or $0.98 per diluted share, compared to $14.6 million, or $0.30 per diluted share.

​"Fiscal year 2022 was a testament to the power of G-III. We continued to build upon our strong foundation and delivered our highest annual net income per diluted share in our company’s history," said Morris Goldfarb, G-III’s chairman and chief executive officer.

"We captured market share by anticipating demand and working with retail partners, despite the significant supply chain challenges. We are in a strong financial position affording us the flexibility to continue to invest in our future. Capping off the strongest year in our company’s history, I could not be prouder of what our world-class team has accomplished," added Goldfarb.

For fiscal 2023, the company said it expects net sales of approximately $3 billion and net income between $205 million and $215 million, or between $4.20 and $4.30 per diluted share.

"Looking ahead, we are optimistic about the momentum of our business and the many opportunities for growth which gives us confidence in our outlook for the upcoming fiscal year 2023," continued Goldfarb.

"Our ability to unlock the potential of our brands will continue to fuel our growth and further elevate our position as a leader in fashion.”

Copyright © 2023 FashionNetwork.com All rights reserved.