For the second quarter ending July 31, 2005, the Company is forecasting net sales of approximately $50.0 million and a net loss per share between $.05 and $.08. In last year's second quarter, net sales were $44.0 million and net loss per share was $0.23, which includes a non-cash charge of $882,000, equal to $0.12 per share, associated with the sale of our joint venture interest in a factory located in China.
G-III Apparel Group, Ltd. has fashion licenses with Kenneth Cole, Nine West, Cole Haan, Jones Apparel, Sean John, Cece Cord, Izod, House of Dereon, Donald Trump, Bill Blass and James Dean and sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Louisville Slugger, NASCAR, World Poker Tour and more than 60 universities nationwide. Company-owned labels include, among others, Black Rivet, Colebrook and Siena Studio.