For the year ended January 31, outerwear and sportswear manufacturer G-III reported a 21.5% increase in net sales, totalling $518.9 million compared with $427 million in the previous year. Net sales for the three-month period ended January 31 rose 30.2% to $128.7 million from $98.8 million in the same quarter last year.

The company is forecasting net sales of approximately $60 million for its first fiscal quarter ending April 30 compared with $35.1 million for the corresponding period last year. It anticipates a net loss of $7.7 million to $8.5 million compared with a net loss of $6.4 million in the previous year.

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