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G-Iii Apparel Group Ltd - GIII STOCK NEWS

Welcome to our dedicated page for G-Iii Apparel Group news (Ticker: GIII), a resource for investors and traders seeking the latest updates and insights on G-Iii Apparel Group stock.

G-III Apparel Group Ltd (NasdaqGS: GIII) is a global leader in fashion, renowned for its expertise in design, sourcing, and marketing. Founded in 1956 by Aron Goldfarb, the company has grown to become one of the world's premier designers and manufacturers of quality apparel, footwear, and accessories. The company operates through two main segments: Wholesale Operations and Retail Operations.

G-III's Wholesale Operations include sales of products under its own brands, licensed brands, and private-label brands. The company boasts a robust portfolio, anchored by iconic brands such as DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The Retail Operations segment primarily consists of stores branded as Wilsons Leather, G.H. Bass, and DKNY, further expanding the company's market reach.

G-III Apparel Group is committed to innovation and quality. Recently, the company unveiled the Donna Karan New York Spring 2024 campaign, celebrating the brand's heritage and future. This campaign, photographed by Annie Leibovitz, features eight iconic women and marks a new chapter for Donna Karan, emphasizing the brand's timeless elegance and accessible luxury.

The company also announced a significant partnership with the New York Yankees. DKNY, one of G-III's flagship brands, has a prominent presence at Yankee Stadium, reinforcing its deep-rooted connection with sports and its multifaceted marketing strategy.

G-III’s financial condition remains robust, with most of its revenues derived from its Wholesale Operations. The company's diverse portfolio and strategic partnerships ensure its continued growth and relevance in the global fashion industry.

News

DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUM

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DKNY, the iconic New York brand, has entered a long-term partnership with the New York Yankees, featuring a billboard at Yankee Stadium. G-III Apparel Group expresses excitement for the collaboration, highlighting DKNY's history with sports and the Yankees.
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G-III Apparel Group, Ltd. Reports Fourth Quarter and Full-Year Fiscal 2024 Results; Provides Fiscal 2025 Outlook

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G-III Apparel Group, Ltd. (GIII) reported net sales of $3.10 billion for fiscal year 2024, compared to $3.23 billion last year. The company achieved a net income per diluted share of $3.75 for fiscal year 2024, a significant improvement from a net loss of $(2.79) per share last year. Non-GAAP net income per diluted share was $4.04 for fiscal year 2024, exceeding last year's $2.85. GIII ended fiscal year 2024 in a net cash position of $90.0 million with over $1.00 billion in liquidity, while inventories decreased by 27% compared to the previous year.
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G-III Apparel Group Announces Date for Fourth Quarter and Full Fiscal Year 2024 Results

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G-III Apparel Group, Ltd. (GIII) is set to announce its Q4 and full fiscal year 2024 earnings on March 14, 2024, followed by a conference call for the investment community. Registration for participation is open, with details provided in the press release.
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DKNY SPRING 2024: KAIA GERBER DEFINES A NEW DAY AT DKNY

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DKNY announces Kaia Gerber as the new face of the brand for the Spring 2024 Campaign, focusing on classic design codes reimagined for the next generation. The campaign showcases a renewed focus on DKNY icons and fundamentals, with a fresh energy and a redesigned logo. Captured by Alasdair McLellan, the campaign presents a bold, graphic NY studio setting, symbolizing a leap into the future for the brand.
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DONNA KARAN NEW YORK UNVEILS MAJOR RELAUNCH WITH "IN WOMEN WE TRUST" CAMPAIGN FOR SPRING 2024

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Donna Karan New York unveils the Spring 2024 campaign, 'In Women We Trust,' featuring eight iconic women and a celebration of the brand's heritage and future. The collection offers accessible luxury with classic silhouettes and vintage details, all captured by Annie Leibovitz.
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G-III Apparel Group Appoints Dana Perlman as its New Chief Growth and Operations Officer

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G-III Apparel Group, Ltd. (NASDAQ: GIII) appoints Dana Perlman as Chief Growth and Operations Officer. Perlman, with over 20 years of experience in apparel, strategy, and finance, aims to drive innovation, optimize operations, and identify new opportunities for G-III. She will oversee Strategy, Finance, Communications, Information Technology, and other Operating functions. CEO Morris Goldfarb is excited to work closely with Perlman to drive the company's ambitious growth agenda forward.
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G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2024 Results

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G-III Apparel Group, Ltd. (NasdaqGS: GIII) exceeded net income per diluted share guidance for Q3 Fiscal 2024, with net sales of $1.07 billion compared to $1.08 billion last year. The company reported a net income per diluted share of $2.74 for Q3 compared to $1.26 last year, and Non-GAAP net income per diluted share of $2.78 compared to $1.35 last year. G-III also raised its GAAP and Non-GAAP net income per diluted share guidance for Fiscal Year 2024 and appointed Dana Perlman as Chief Growth and Operations Officer.
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G-III Apparel Group Announces Date for Third Quarter Fiscal 2024 Results

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G-III Apparel Group, Ltd. (NASDAQ: GIII) will release its Q3 2024 earnings on December 5, 2023, followed by a conference call and Q&A session for the investment community.
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G-III Apparel Group, Ltd. Announces Second Quarter Fiscal 2024 Results

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G-III Apparel Group, Ltd. beats Q2 guidance with net sales of $659.8M, up 9% YoY. GAAP net income per diluted share is $0.35, down from $0.74 last year. Raises FY2024 guidance with net sales of $3.30B and net income between $145M and $150M. Announces new outerwear license for Champion brand.
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HanesBrands and G-III Apparel Group Announce Licensing Agreement for Champion and C9 Champion Outerwear

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HanesBrands and G-III Apparel Group have entered into a multi-year license agreement for outerwear production and distribution of Champion and C9 Champion brands in North America, with potential global opportunities. The partnership aims to expand Champion's consumer base and leverage G-III's expertise and distribution network. This could positively impact HanesBrands and G-III Apparel Group's stock prices.
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FAQ

What is the current stock price of G-Iii Apparel Group (GIII)?

The current stock price of G-Iii Apparel Group (GIII) is $32.83 as of December 20, 2024.

What is the market cap of G-Iii Apparel Group (GIII)?

The market cap of G-Iii Apparel Group (GIII) is approximately 1.5B.

What does G-III Apparel Group Ltd do?

G-III Apparel Group Ltd designs, manufactures, and markets a wide range of apparel, footwear, and accessories under its own brands, licensed brands, and private-label brands.

What are the main segments of G-III Apparel Group Ltd?

The main segments are Wholesale Operations and Retail Operations. Wholesale involves sales under various brands, while Retail includes stores like Wilsons Leather, G.H. Bass, and DKNY.

What are some of the iconic brands under G-III Apparel Group?

Iconic brands include DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld.

Can you tell me about G-III's recent campaigns?

G-III recently launched the Donna Karan New York Spring 2024 campaign, featuring eight iconic women and photographed by Annie Leibovitz.

What is G-III Apparel Group’s financial condition?

G-III Apparel Group remains financially strong, with most of its revenues coming from its Wholesale Operations.

What is the significance of G-III's partnership with the New York Yankees?

The partnership enhances DKNY's visibility with a prominent billboard at Yankee Stadium, reflecting the brand's deep-rooted connection with sports and strategic marketing.

When was G-III Apparel Group Ltd founded?

G-III Apparel Group Ltd was founded in 1956 by Aron Goldfarb.

Who is the current CEO of G-III Apparel Group Ltd?

The current CEO is Morris Goldfarb, son of the founder Aron Goldfarb.

What makes G-III Apparel Group Ltd stand out in the fashion industry?

G-III stands out due to its extensive portfolio of over 30 iconic brands, strategic partnerships, and its commitment to quality and innovation.

Where can I find G-III Apparel Group's latest collections?

G-III Apparel Group's latest collections are available on their brand websites like DonnaKaran.com and in select retailers globally.

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G-Iii Apparel Group Ltd

Nasdaq:GIII

GIII Rankings

#2223 Ranked by Market Cap
N/A Ranked by Dividends

GIII Stock Data

1.46B
38.00M
13.87%
102.2%
9.72%
Apparel Manufacturing
Apparel & Other Finishd Prods of Fabrics & Similar Matl
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United States of America
NEW YORK