NEW YORK, Dec. 01, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of G-III Apparel Group Ltd. (“G-III” or “Company”) (NASDAQ: GIII). Click here to contact us.
If you acquired G-III securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952.
G-III is an American clothing company which designs, manufacturers, 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, G-III’s Chairman and CEO announced, among other things, that during the quarter “higher inventory levels caused logistical challenges within our distribution centers” and that “[t]his resulted in significant one-time charges in the third quarter, that were above our expectations, which adversely impacted our bottom line by approximately $0.40 per diluted share.”
Following this news, on December 1, 2022, G-III shares fell by $9.66 per share, a drop of over 44%, to close at $11.97 per share.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 687-1980
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
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