Driven by its aggressive digital and omnichannel expansion, robust wholesale and retail performance, and strategic partnerships, G-III has set its fiscal 2025 net sales guidance at $3.2 billion, reflecting a 3 per cent increase from the previous year.
The company is strengthening its presence in Europe besides reducing reliance on PVH brands and targeting high-growth markets like India and China.
G-III Apparel is also advancing its digital and omnichannel strategies by upgrading e-commerce platforms for DKNY and Karl Lagerfeld Paris, focusing on enhancing their digital presence, CRM capabilities, and loyalty programs. In Europe, the company is leveraging AWWG’s infrastructure and increasing its stake from 12 per cent to 19 per cent, with additional growth opportunities in India.
In North America, G-III is making significant investments in marketing to boost global brand awareness and sales, with plans to add over 2,500 points of sale this fall. The company’s first-quarter fiscal 2025 wholesale net sales increased to $598 million while retail sales rose to $31 million.
All brands of G-III Apparel demonstrated substantial growth in FY24, with DKNY achieving double-digit sales increases and Karl Lagerfeld expanding its distribution network. The successful relaunch of Donna Karan has further strengthened the company’s portfolio. As a result,
Despite these achievements, G-III faces challenges from shifting consumer spending patterns due to inflationary pressures, which may impact short-term performance. In FY25, the company projects adjusted net income will decline to $10 - $15 million from the previous year.
