Sportswear lifts sales at G-III Apparel

08/06/2007

US manufacturer of outerwear and sportswear G-III Apparel Group, Ltd. has posted net sales of $35.1 million for the first quarter ended April 30 compared with $14.4 million in the prior-year period. Net loss was $6.4 million compared with $8.9 million during the corresponding period last year.

Chairman and CEO Morris Goldfarb said, “Our sportswear and women’s suit and dress categories each contributed to the overall improvement in financial performance. With the recently announced asset acquisition of the Jessica Howard, Eliza J. and Industrial Cotton businesses, we believe that we have accelerated our growth opportunities in the dress and junior sportswear areas.”