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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)