Shares of G-III Apparel Group Ltd. rose more than 7 percent late Monday after the New York-based sportswear firm surprised analysts with a first-quarter profit and lifted guidance for the year.
With gross margin up 400 basis points and same-store sales rising at a double-digit clip, the company registered net income of $1 million, or 5 cents a diluted share, in the three months ended April 30. This came against a loss of $847,000, or 4 cents, in the year-ago period and the analysts’ consensus estimate for a loss of 5 cents for the just-completed period. All eight analysts weighing in on G-III’s results expected a loss.
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018