By and  on April 1, 2009

Pretax impairment charges of $33.5 million threw G-III Apparel Group Ltd. to a large fourth-quarter loss.

During the three months ended Jan. 31, G-III registered a net loss of $32.1 million, or $1.93 a diluted share, versus net income of $1.1 million, or 6 cents a share, in the year-ago quarter. Excluding impairment, the loss came to 23 cents a share, nearly four times the 6-cent-a-share loss forecast by analysts, according to Yahoo Finance.

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