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BRIEF-GIII Apparel says it is not looking for tremendous increase in margin profile for outerwear in 2H 2018
September 6, 2017 / 1:55 PM / in 2 months

BRIEF-GIII Apparel says it is not looking for tremendous increase in margin profile for outerwear in 2H 2018

Sept 6 (Reuters) - G-III Apparel Group Ltd

* GIII Apparel - DKNY and Donna Karan brands expected to generate about $20 million in total sales in 2H 2018 -conf call

* GIII Apparel - DKNY and Donna Karan brands contributed $45 million to total net sales in Q2 - conf call

* GIII Apparel - Calvin Klein business was up by about 15 percent in Q2 -conf call

* GIII Apparel - expects high single-digit increases in sales for Calvin Klein men’s and women’s outerwear at fall and holiday seasons -conf call

* GIII Apparel - expects to roughly double women’s category in Tommy Hilfiger business in 2H 2018 over prior year -conf call

* GIII Apparel says shipped almost $50 million of Tommy Hilfiger products in Q2 -conf call

* GIII Apparel - expects Tommy Hilfiger men’s and women’s coats sales increases to grow in double-digits for upcoming outerwear season -conf call

* GIII Apparel - expects to grow Karl Lagerfeld business by over 50 percent this year -conf call

* GIII Apparel - expects 25 percent growth in Levi’s outerwear in fall and holiday season -conf call

* GIII Apparel - will have new DKNY ready-to-wear, handbags, shoes in 130-200 Macy’s doors, top-tier locations -conf call

* GIII Apparel - about 30 Macy’s locations will have in-store shop-in-shops for ready-to-wear, handbags and balance of doors will have brand-specific fixturing -conf call

* GIII Apparel - Additionally, DKNY women’s outerwear will be in about 400 Macy’s doors, while Donna Karen products will be in 100 total doors, led by Lord & Taylor and Dillards -conf call

* GIII Apparel CFO- not looking for tremendous increase in margin profile for outerwear in 2H 2018 over prior year, expect relatively neutral gross margins, maybe a slight uptick -conf call

* GIII Apparel CEO- see potential in Karl Lagerfeld brand to generate $0.5 billion in sales globally -conf call Further company coverage:

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