Article: G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2010 Results.(Financial report)

Reports Lower Than Expected Seasonal Loss Per Share of $0.41

Dress and Sportswear Initiatives Exceed Expectations

NEW YORK -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced operating results for the first quarter of fiscal 2010. For the quarter ended April 30, 2009, G-III reported that net sales increased by 53.8% to $115.9 million from $75.4 million in the year-ago period. The Company's net loss for the quarter was $0.41 per share compared to a net loss per share of $0.42 in the prior comparable period. The Company noted that improved operating profitability in its dress and women's sportswear businesses was offset by the seasonal losses ...

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