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American Brands Face Retaliation From China If They Don’t Do Business In Region Known For Slave Labor
x/people-s-republic-of-china
— Oct 4, 2024
A major American brand’s refusal to do business in a Chinese region known for slave labor is drawing retaliation from Beijing. Under U.S. federal law , PVH — an American company with brands including Calvin Klein and…
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G-III Apparel raises profit outlook despite losing Calvin Klein, Tommy Hilfiger lines
x/g-iii-apparel-group
— Sep 1, 2026
G-III Apparel reported a Q2 EPS of $0.26 on revenue of $554.09 million (miss on revenue but slight EPS beat) and released six-month results of net income $86.75 million on $1,090.06 million in sales, while also guiding toward a Q3 2027 net income of $59–$64 million on about $870 million in net sales. The company lifted its full-year guidance for the year ending January 31, 2027 to net income of $181–$185 million (EPS $4.10–$4.20) on roughly $2.71 billion in net sales, noting an anticipated $460 million sales impact from Calvin Klein and Tommy Hilfiger, thus balancing near-term weakness with an elevated annual outlook.
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Chris Dalton
Feels like a healthy sign they can absorb losing two huge licenses and still grow profit. Bodes well for their owned labels long term.
