American firm G-III Apparel’s net sales soar 9% in Q2 FY24

G-III Apparel Group reported a 9 per cent increase in Q2 FY24 net sales, reaching $659.8 million, albeit with a decreased net income of $16.4 million.
The company foresees a robust fiscal 2024 with projected net sales around $3.30 billion, rebounding from a net loss experienced in FY23.
It also anticipates a Q3 FY24 net sales of approximately $1.13 billion.

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