The acquisitions of Andrew Marc and Wilsons stores lifted revenues at G-III Apparel Group Ltd. in the second quarter, but they also boosted quarterly losses.
For the quarter ended July 29, the net loss at the New York-based outerwear and sportswear firm grew to $3.9 million, or 23 cents a diluted share, from $884,000, or 5 cents a share, in the same period last year. Analysts had expected a loss of 24 cents.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"