G-III Apparel Company profile
About G-III Apparel Group, Ltd.
G-III Apparel Group, Ltd. designs, sources, and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. The wholesale operations segment includes sales of products to retailers under owned, licensed, and private label brands. Its retail operations segment consists of direct sales to consumers through its company-operated stores and through digital channels. Its apparel products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear, as well as women's handbags, footwear, small leather goods, cold weather accessories and luggage. The Company's own brands include DKNY, Donna Karan, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc, Marc New York, and Wilsons Leather. Its licensed brands include Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Levi’s,Kenneth Cole, Cole Haan, Vince Camuto and Dockers.
Financial summary
BRIEF: For the fiscal year ended 31 January 2022, G-III Apparel Group, Ltd. revenues increased 35% to $2.77B. Net income increased from $23.5M to $200.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Impairment of Fixed Assets decrease of 92% to $1.5M (expense), Depreciation and amortization decrease of 28% to $27.6M (expense).
Equity composition
Common Stock $.01 Par, 04/11, 40M auth., 20,056,132 issd., less 367,225 shs. in Treas. @ $970K. Insiders own 19.62%. IPO 12/89, 2,000,000 shares @ $13 by Oppenheimer & Co., Inc. 1/93, 5% stock dividend. 3/06, 3-for-2 stock split. FY'94-'95 annual finls. are reclass. 05/15, 2-for-1 Stock split.
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