×
1 847
Fashion Jobs
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
REISS
Buying Admin Assistant
Permanent · LONDON
Published
Sep 3, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

G-III sales lifted by recovering demand for lifestyle apparel

Published
Sep 3, 2021

G-III Apparel Group, Ltd., the New York-based owner of DKNY announced a year-over-year increase of 62.5% in its second-quarter sales on Thursday, as the company’s continued strength in casualwear was boosted by increases in broader lifestyle categories.


G-III's sales rose 62.5% in Q2 - Instagram: @dkny

 
In the second quarter ended July 31, 2021, the group reported net sales of $483.1 million, compared to $297.2 million in the same period in the previous year, when the company suffered the impact of disruptions related to the Covid-19 crisis.
 
According to G-III chairman and CEO Morris Goldfarb, this progress was driven by a combination of strong casualwear sales and a rise in demand for other lifestyle categories, including dresses and careerwear, as consumers have returned to both work and social events. Alongside DKNY and Donna Karan, G-III’s portfolio contains more than 30 licensed and proprietary brands, including the likes of Calvin Klein, Tommy Hilfiger and Karl Lagerfeld Paris.

Net income for the quarter came to $19.2 million, or $0.39 per diluted share, compared to a net loss of $15.0 million, or $0.31 per share, in the prior-year quarter.
 
“We delivered outstanding second quarter results that exceeded our guidance for both the top and bottom lines,” commented Goldfarb in a release. “Throughout the pandemic, we navigated through the challenges as our world class teams have remained focused on delivering positive results. We are encouraged by the strong consumer demand that we are seeing for apparel and accessories.”
 
In the first six months of the year, G-III’s net sales totaled $1.0 billion, up 42.8% from $702.3 million in the first half of 2020. Net income for the period was $45.5 million, or $0.92 per diluted share, compared to a loss of $54.3 million, or $1.13 per diluted share, a year earlier.
 
In light of its stronger than expected performance in Q2, G-III also announced that it has raised its full-year financial guidance. The company now expects its annual net sales to total approximately $2.70 billion, while net income is expected to be between $155.0 million and $165.0 million, or $3.10 and $3.20 per diluted share. The group’s previous guidance had predicted sales of around $2.57 billion and net income between $125.0 million and $135.0 million, or $2.60 and $2.70 per diluted share
 
In the third quarter, G-III currently expects to report net sales of approximately $1.00 billion and net income in the range of $80.0 million to $90.0 million, or $1.65 to $1.75 per diluted share.

Copyright © 2021 FashionNetwork.com All rights reserved.