G-III Apparel Group Will Be A Coronavirus Winner [Seeking Alpha]
G-III Apparel Group, LTD. (GIII)
Last g-iii apparel group, ltd. earnings: 3/19 07:00 am
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US:NASDAQ Investor Relations:
ir.g-iii.com
Company Research
Source: Seeking Alpha
SummaryThe apparel chains that survive the current coronavirus shutdown will likely provide very strong returns.However, some might go bankrupt, and you need to avoid those.I explain why G-III is very different from most other branded apparel chains, and will thus likely be a big winner.One of the results of the coronavirus epidemic is that apparel retailers have been extremely punished. This is not unexpected. If you run an apparel store chain, your business was simply shut down during this period of social isolation. Now you bear the fixed costs of your business while receiving no revenues.Since apparel stores often have high fixed costs, for instance in the form of leasing costs and staffing costs, this shutdown immediately brought to the fore the bankruptcy risk these companies face. Hence, the extreme punishment the stocks endured was often driven not just by a rational evaluation of the losses being sustained, but also by the very real fear of bankruptcy.Indeed, for an investor
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GIII
News
- DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUM [Yahoo! Finance]Yahoo! Finance
- DKNY STEPS UP TO THE PLATE WITH AN ICONIC BILLBOARD AT YANKEE STADIUMPR Newswire
- G-III Apparel Group Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- G-III Apparel Group, Ltd. (NASDAQ: GIII) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $29.00 price target on the stock.MarketBeat
- G-III Apparel Group, Ltd. (NASDAQ: GIII) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
GIII
Earnings
- 3/14/24 - Beat
GIII
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- GIII's page on the SEC website