DKNY news and archive

G-III raises earnings guidance for fiscal 2025

G-III Apparel Group’s third quarter net sales increased 1.8 percent to 1.09 billion dollars, while net income was 114.8 million dollars or 2.55 dollars per diluted share. The company said non-GAAP net income per diluted share was 2.59 dollars for the quarter compared to 2.78 dollars in the same period last year. Commenting on the financial...

Business

G-III raises fiscal 2025 profit guidance

G-III Apparel Group reported net sales for the second quarter decreased 2 percent to 644.8 million dollars. Net income for the quarter rose to 24.2 million dollars or 53 cents and non-GAAP net income per diluted share increased to 52 cents. The company expects 2025 net sales to increase by approximately 3 percent to 3.20 billion dollars, net...

People

Gap, HeyDude and Tom Ford: Brand ambassadors on the move this week

It was a busy week for brands and their respective ambassadors, many of whom were selected for their connections to a younger generation of potential shoppers, a group brands are continuously trying to align with. Here are some of the biggest collaborations of the week, some ringing in the launch of the all important autumn campaigns. HeyDude...

BusinessFeatured

G-III Apparel Group posts sales and earnings growth

G-III’s net sales for the first quarter were 609.7 million dollars , while net income rose to 5.8 million dollars or 12 cents per diluted share versus the prior year’s quarter. Non-GAAP net income per diluted share was 12 cents for the quarter compared to 13 cents in the same period last year. Commenting on the first quarter results, Morris...

G-III Apparel forms strategic partnership with AWWG as it eyes up international expansion

G-III Apparel Group, Ltd. (GIII), the parent company of DKNY, Karl Lagerfeld, Donna Karan, and Sonia Rykiel, has signed a strategic partnership with Spanish fashion group All We Wear Group (AWWG) to accelerate the international expansion of its fashion brands. Under the agreement, G-III acquired an approximately 12 percent stake in the...

Retail

DKNY launches exclusive ‘Heart of New York’ virtual products on Roblox

DKNY has launched an exclusive collection of virtual products on Roblox, as the brand appeals to a broader global audience of gamers and fashion lovers. An immersive platform with more than 70 million daily active users, DKNY's entry to Roblox is part of a wider launch driven by in-game retailer Dubit. Partnering with Dubit, who previously...

Business

DKNY signs new partnership with the New York Yankees

New York-based fashion brand DKNY has entered into a new partnership with the New York Yankees. Through this multifaceted and long-term partnership, DKNY is set to have a presence in Yankee Stadium once again, with a huge billboard on the right featuring the brand’s new logo. The move comes 14 years after DKNY made history as the first fashion...

Business

G-III Apparel posts Q4 revenue decline of 10.5 percent

Fourth quarter net sales at G-III Apparel Group decreased 10.5 percent to 764.8 million dollars. Net income for the quarter was 28.9 million dollars or 61 cents per diluted share, while non-GAAP net income per diluted share increased to 76 cents. Commenting on the results, Morris Goldfarb, G-III’s chairman and CEO, said: “We delivered strong...

Business

DKNY Tech launches first skiwear collection

DKNY Tech has unveiled its first collection of skiwear as it looks to tap into the continued stability of the winter sports market. A total of 30 pieces make up the line, including “body-contoured ski suits” and flared ski pants treated with a water-repellent finish, each made with what the brand says is “recycled fill”. In addition to this, the...

Fashion |In Pictures

DKNY reimagines logo to target the next generation

New York-based fashion label DKNY, founded by Donna Karen and part of the G-III Apparel Group, has relaunched its logo as it sets “to capture the hearts of a new generation”. The new logo launches with the ‘The Heart of NY’ capsule collection, described by the brand as a “love letter to the streetstyle and energy of New York,” which aims to...

BusinessFeatured

G-III Apparel Group ups full-year outlook as Q2 sales rise

G-III Apparel Group has upped its full-year guidance after reporting a 9 percent increase in sales but narrowing profits in the second quarter. The group, whose portfolio includes brands Karl Lagerfeld, DKNY, and Donna Karan, generated sales of 659.8 million dollars in the three months ended July 31. That’s compared to sales of 605.2 million...

BusinessFeatured

Metaverse Fashion Week: 9 Events you may have missed

Now in its second edition, the highly anticipated Metaverse Fashion Week (MVFW) took place last week, spanning over March 28 to 31, and, for the first time, spreading across three metaverses, including Decentraland, Over and Spatial. For this year, the theme was ‘Future Heritage’, which saw the event explore the relationship between tradition...