G-III Apparel Group Ltd. said Wednesday its Wilsons outlet retail business hampered first-quarter results, but strength in the growing women’s sportswear and dress businesses allowed it to post a smaller-than-expected loss.
For the three months ended April 30, the New York-based vendor reported a net loss of $6.8 million, or 41 cents a diluted share, compared with a net loss of $6.9 million, or 42 cents, in the year-ago quarter. Revenue grew 53.8 percent to $115.9 million from $75.4 million. On average, analysts polled by Yahoo Finance were looking for a net loss of 51 cents on sales of $103.8 million.
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)