NEW YORK, December 01, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors in G-III Apparel Group Ltd. (“G-III” or “Company”) GIII. Click here to contact us.

If you have purchased G-III securities and would like to discuss our investigation, please contact us via email pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll-free number 1 (800) 290-1952.

G-III is an American apparel company that designs, manufactures, and markets women’s and men’s apparel in the United States through a portfolio of proprietary and licensed brand names.

On December 1, 2022, Morris Goldfarb, Chairman and CEO of G-III, announced among other things that during the quarter “higher inventory levels created logistical challenges at our distribution centers” and that “[t]This resulted in significant non-recurring charges in the third quarter that exceeded our expectations and impacted our bottom line by approximately $0.40 per diluted share.”

Following the news, G-III shares fell $9.66 per share on December 1, 2022, a drop of over 44%, to close at $11.97 per share.

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If you have any questions about this study, please contact:

Pamela A Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th floor
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