G-III Apparel announces 61% rise in sales

07/12/2005

US manufacturer and distributor of outerwear and sportswear G-III Apparel Group, Ltd. has announced positive operating results for the third quarter of fiscal 2006. For the three-month period ended October 31, 2005, G-III reported that net sales increased by 61.7% to $186.6 million. This compares with net sales of $115.4 million during the comparable period last year.

For the nine-month period ended October 31, 2005, G-III reported net sales of $254.9 million compared with net sales of $175.9 million during the same period in 2004.

G-III Apparel manufactures and distributes outerwear and sportswear under licensed labels, its own labels and private labels. The company has fashion licences with brands such as Calvin Klein, Kenneth Cole, Nine West, Cole Haan, Guess?, Jones Apparel, Sean John, and Tommy Hilfiger, and Donald Trump, and sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Louisville Slugger, NASCAR, World Poker Tour and more than 60 universities.