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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus