Morris Goldfarb, G-III's Chief Executive Officer, said, “We are pleased with our record performance in the third quarter for net sales and net income. The strength in our business was broad-based and is expected to continue through the remainder of the holiday season.”
Mr. Goldfarb continued, “Our outerwear business has performed well during this retail selling season. The strength in our coat operation is due to our great brands led by Calvin Klein, Sean John, Guess? Kenneth Cole and Ellen Tracy, as well as a robust private label business.”
Mr. Goldfarb concluded, “We are enthused by our initiatives in women's suits and dresses and men's and women's sportswear and look forward to building out these platforms and having them become a meaningful part of our financial results.”