×
2 110
Fashion Jobs
TJX CANADA
Loss Prevention Customer Service Agent (Uniformed Guard), Scarborough
CDI · Toronto
ESTEE LAUDER
Associate Consultant - Clinique - Medicine Hat, ab
CDI · Medicine Hat
ESTEE LAUDER
Associate Consultant - Clinique - Calgary, ab
CDI · Calgary
LULULEMON
Assistant Manager, Operations | Regent Mall, Fredericton
CDI · Fredericton
LEVI'S
Levi's Sales And Merchandising Supervisor, Part-Time, Toronto Eaton Centre, Toronto, on-2
CDI · Toronto
ADIDAS
Senior Manager Accounting
CDI · Vaughan
ESTEE LAUDER
Associate Consultant - Clinique - Toronto, on
CDI · Toronto
LEVI'S
Levi's Sales And Merchandising Supervisor, Full-Time, Toronto Eaton Centre, Toronto, on-2
CDI · Toronto
WINNERS
Merchandise Sales Coordinator- Winners Homesense North Oakville 367
CDI · Oakville
NORDSTROM
Asset Protection - Agent - Deerfoot Meadows Rack
CDI · Calgary
NORDSTROM
Asset Protection - Agent - Yorkdale
CDI · Toronto
ADIDAS
Demand Planner
CDI · Vaughan
FOOT LOCKER
Assistant Operations Manager
CDI · Toronto
ESTEE LAUDER
Keyholder - The Cosmetics Company Store- 28 Hrs - Premium Outlet - Edmonton, ab
CDI · Edmonton
LULULEMON
Assistant Manager, Operations | Prairie Mall
CDI · Grande Prairie
LULULEMON
Assistant Manager, Operations | Spring Garden rd
CDI · Halifax Regional Municipality
TAPESTRY
General Manager
CDI · Toronto
TJX CANADA
Loss Prevention Store Investigator -Ottawa
CDI · Ottawa
TJX CANADA
Loss Prevention Systems Remote Investigator
CDI · Mississauga
MARC JACOB'S
Sales Supervisor
CDI · Toronto
MARC JACOB'S
Sales Supervisor
CDI · Toronto
ON RUNNING
Sales Representative
CDI · VANCOUVER
Published
Mar 18, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

G-III records 'strongest year' in company history as annual sales, profits surge

Published
Mar 18, 2022

G-III Apparel Group said on Thursday net sales for fiscal 2022 surged 35%, on the back of even stronger sales in the fourth quarter, as the U.S fashion group said it recorded its "strongest year" in company history.


The U.S fashion group said it recorded its"strongest year" in company history. - DKNY


New York-based GIII Apparel said ​net sales for the fiscal year ended January 31, 2022 increased 35% to $2.77 billion, from $2.06 billion in the prior year. During the twelve months, the company also reported net income of $200.6 million, or $4.05 per diluted share, catapulting from $23.5 million, or $0.48 per diluted share, in the prior year.

Likewise, ​​net sales for the fourth quarter increased 42% to $748.2 billion, up from $526.2 million in the fourth quarter last year. The owner of DKNY, Sonia Rykiel and Karl Lagerfeld Paris brands said quarterly net income totalled $48.4 million, or $0.98 per diluted share, compared to $14.6 million, or $0.30 per diluted share.

​"Fiscal year 2022 was a testament to the power of G-III. We continued to build upon our strong foundation and delivered our highest annual net income per diluted share in our company’s history," said Morris Goldfarb, G-III’s chairman and chief executive officer.

"We captured market share by anticipating demand and working with retail partners, despite the significant supply chain challenges. We are in a strong financial position affording us the flexibility to continue to invest in our future. Capping off the strongest year in our company’s history, I could not be prouder of what our world-class team has accomplished," added Goldfarb.

For fiscal 2023, the company said it expects net sales of approximately $3 billion and net income between $205 million and $215 million, or between $4.20 and $4.30 per diluted share.

"Looking ahead, we are optimistic about the momentum of our business and the many opportunities for growth which gives us confidence in our outlook for the upcoming fiscal year 2023," continued Goldfarb.

"Our ability to unlock the potential of our brands will continue to fuel our growth and further elevate our position as a leader in fashion.”

Copyright © 2022 FashionNetwork.com All rights reserved.