A leading fashion company specialising in designing, sourcing, and marketing apparel and accessories, G-III Apparel Group continues to navigate a challenging market with resilience and strategic initiatives.

In Q2 FY24, the company’s revenues declined by 2 per cent Y-o-Y to $644.8 million. However, its adjusted earnings per share (EPS) increased by $0.52 as against projections of $0.25. GII’s revenues in Q1 FY24 grew by 0.5 per cent totaling $609.7 million while its adjusted EPS increased by $0.12, prompting an upward revision of its full-year guidance.

The company’s growth is attributed to its focus on owned brands and new partnerships. Its owned brands, DKNY and Karl Lagerfeld, reported double-digit growth during the quarter, including a remarkable 50 per cent surge in North America. The relaunch of Donna Karan has further driven higher average unit retail (AUR) and improved sell-through rates.

The company has also signed a global licensing agreement with Converse for men’s and women’s apparel, set to launch in Fall 2025. This partnership is projected to generate $200 million in revenue, offering significant growth potential and enhancing G-III’s brand portfolio.

G-III is also expanding internationally by acquiring a 12 per cent stake in the All We Wear Group (AWWG), which it plans to grow to 20 per cent. This partnership aims to accelerate the expansion of key brands—Karl Lagerfeld, DKNY, and Donna Karan—in Spain, Portugal, and India.

Additionally, G-III plans to add over 2,500 new points of sale in department stores, further driving growth in the latter half of FY24. With a strong focus on optimising its portfolio and securing high-profile partnerships, G-III is positioning itself for sustained growth in a dynamic fashion market.