G-III Apparel Group Ltd. Files 2024 10-K Report

TL;DR

<b>G-III Apparel Group Ltd. has filed its annual 10-K report for the fiscal year ending January 31, 2024, detailing its financial performance and business operations.</b>

AI Summary

G III APPAREL GROUP LTD /DE/ (GIII) filed a Annual Report (10-K) with the SEC on March 25, 2024. G-III Apparel Group Ltd. filed its 10-K report for the fiscal year ending January 31, 2024. The filing covers the period from February 1, 2023, to January 31, 2024. The company's principal executive offices are located at 512 Seventh Ave, New York, NY 10018. The company was formerly known as Ante Corp, with a name change on November 20, 1989. The filing includes references to various accounting standards and disclosures, such as Operating Lease Right of Use Asset and Allowance for Credit Losses.

Why It Matters

For investors and stakeholders tracking G III APPAREL GROUP LTD /DE/, this filing contains several important signals. This 10-K filing provides a comprehensive overview of G-III Apparel Group's financial health, operational activities, and strategic positioning for the past fiscal year, which is crucial for investors to assess the company's performance and future prospects. The detailed disclosures within the report, including information on leases, credit losses, and stock activity, offer insights into the company's financial management and potential risks.

Risk Assessment

Risk Level: medium — G III APPAREL GROUP LTD /DE/ shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report, but it does not contain immediate, significant positive or negative financial highlights that would drastically alter its risk profile without further analysis of the detailed financial statements.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand G-III Apparel Group's financial performance, debt levels, and any new or evolving risks.

Key Numbers

• 2024-01-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-03-25 — Filing Date (The date the 10-K was filed with the SEC.)
• 000-18183 — SEC File Number (The SEC file number for the company.)
• 2300 — Standard Industrial Classification (Industry code for Apparel & Other Finished Products of Fabrics & Similar Material.)

Key Players & Entities

• G III APPAREL GROUP LTD /DE/ (company) — Filer name
• 0000821002 (company) — Central Index Key
• 20240131 (date) — Fiscal year end
• 20240325 (date) — Filing date
• 512 SEVENTH AVE (address) — Business address street 1
• NEW YORK (address) — Business address city
• NY (address) — Business address state
• 10018 (address) — Business address zip

FAQ

Key Dates

• 2024-01-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-25: Filing Date — The date the 10-K was officially submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document for investors to understand a company's financial health and operations over the past year.)

Operating Lease Right of Use Asset

An asset recognized under ASC 842 for the right to use an asset for the lease term. (Indicates the company's lease commitments and its accounting for leased assets.)

Key Financial Figures

• $0.01 — nge on which registered Common Stock , $0.01 par value per share GIII The Nasdaq

Filing Documents

• giii-20240131x10k.htm (10-K) — 3425KB
• giii-20240131xex21.htm (EX-21) — 61KB
• giii-20240131xex23d1.htm (EX-23.1) — 6KB
• giii-20240131xex31d1.htm (EX-31.1) — 11KB
• giii-20240131xex31d2.htm (EX-31.2) — 11KB
• giii-20240131xex32d1.htm (EX-32.1) — 6KB
• giii-20240131xex32d2.htm (EX-32.2) — 6KB
• giii-20240131xex97d1.htm (EX-97.1) — 34KB
• giii-20240131x10k002.jpg (GRAPHIC) — 40KB
• 0001558370-24-003856.txt (&nbsp;) — 14593KB
• giii-20240131.xsd (EX-101.SCH) — 68KB
• giii-20240131_cal.xml (EX-101.CAL) — 117KB
• giii-20240131_def.xml (EX-101.DEF) — 362KB
• giii-20240131_lab.xml (EX-101.LAB) — 623KB
• giii-20240131_pre.xml (EX-101.PRE) — 583KB
• giii-20240131x10k_htm.xml (XML) — 2974KB

BUSINESS

ITEM 1. BUSINESS . Unless the context otherwise requires, "G-III," "us," "we" and "our" refer to G-III Apparel Group, Ltd. and its subsidiaries. References to fiscal years refer to the year ended or ending on January 31 of that year. For example, our fiscal year ended January 31, 2024 is referred to as "fiscal 2024." G-III Apparel Group, Ltd. is a Delaware corporation that was formed in 1989. We and our predecessors have conducted our business since 1974. Overview We design, source and market an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear, as well as women's handbags, footwear, small leather goods, cold weather accessories and luggage. G-III has a substantial portfolio of more than 30 licensed and proprietary brands, anchored by our key brands: DKNY, Donna Karan, Karl Lagerfeld, Nautica and Halston, as well as other major brands that currently drive our business, including Calvin Klein and Tommy Hilfiger. We distribute our products through multiple channels and in markets located in a variety of geographies. Our own proprietary brands include DKNY, Donna Karan, Karl Lagerfeld, Karl Lagerfeld Paris, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc, Marc New York, Wilsons Leather and Sonia Rykiel. We have an extensive portfolio of well-known licensed brands, including Calvin Klein, Tommy Hilfiger, Nautica, Halston, Levi's, Guess?, Kenneth Cole, Cole Haan, Vince Camuto, Dockers and Champion. Through our team sports business, we have licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League and over 150 U.S. colleges and universities. We also source and sell products to major retailers for their own private label programs. Our products are sold through a cross section of leading retailers such as Macy's, including its Bloomingdale's division, Dillard's, Hudson's Bay Company, including its Saks Fifth Avenue divi

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View this 10-K filing on SEC EDGAR