Press release
Investigation announced for Investors in NASDAQ: GIII shares over potential Violations of Securities Laws by G-III Apparel Group, Ltd.
An investigation for investors in G-III Apparel Group, Ltd. (NASDAQ: GIII) shares over potential securities laws violations.
Investors who purchased shares of G-III Apparel Group, Ltd. (NASDAQ: GIII), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of G-III Apparel Group, Ltd. (NASDAQ: GIII) concerning whether a series of statements by G-III Apparel Group, Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. G-III Apparel Group, Ltd. reported that its Total Revenue rose from over $2.05 billion for the 12 months period that ended on January 31, 2021, to over $2.76 billion for the 12 months period that ended on January 31, 2022, and that its Net Income over those respective time periods rose from $23.54 million to $200.59 million.
On November 30, 2022, G-III Apparel Group, Ltd. announced third-quarter operating results. Morris Goldfarb, G-III's Chairman, and CEO stated that "higher inventory levels are due to our accelerated production calendar, which was in anticipation of longer supply chain lead times. Our inventory is comprised of current purchases and guided by our order book. During the quarter, the higher inventory levels caused logistical challenges within our distribution centers. This 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".
Shares of G-III Apparel Group, Ltd. (NASDAQ: GIII) declined from $21.69 per share on November 23, 2022 to as low as $12.73 per share on December 22, 2022.
Those who purchased shares of G-III Apparel Group, Ltd. (NASDAQ: GIII) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for Investors in NASDAQ: GIII shares over potential Violations of Securities Laws by G-III Apparel Group, Ltd. here
News-ID: 3205927 • Views: …
More Releases from Shareholders Foundation
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made.
If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have…
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp.
Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in…
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for Apparel
The Apparel Factory Unveils New Port Authority & Sport-Tek Apparel Line
Florida, FL - The Apparel Factory is proud to introduce its latest collection featuring Port Authority and Sport-Tek apparel, designed to strike a balance between style and practicality. This news distribution covers the launch of a range of shirts and jackets that are poised to redefine your wardrobe.
Port Authority Core Soft Shell Jacket J317:
Introducing the Port Authority Core Soft Shell Jacket J317, a lightweight wonder crafted from 100% polyester. This…
Performance Apparel Market
Performance Apparel Market size was valued at USD 305.05 Billion in 2022 and is projected to reach USD 685.42 Billion by 2032, growing at a CAGR of 10.58% over the forecast period.
Due to their conveniences, outdoor performance jackets are in high demand worldwide. It is designed precisely to regulate moisture and keep the body at its ideal temperature. In terms of outdoor activity, these jacket kinds also differ based on…
Eco Apparel Market Is Booming Worldwide | Alternative Apparel, Cienne, Amour Ver …
Eco Apparel Market: The extensive research on Eco Apparel Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Eco Apparel Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as market rate, estimated…
Apparel Business Management and ERP Software Market is Booming Worldwide with Bl …
2020-2025 Global Apparel Business Management and ERP Software Market Report - Production and Consumption Professional Analysis (Impact of COVID-19) is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Apparel Business Management and ERP Software Market.…
Shine like a Diamond, in HOTTT like Fire Apparel – Diamondfire Apparel
Friday, 13/12/2019 - I remember at the age of 18, 19 – me, sketching diagrams of fashion merchandise. Shoes, clothes, boots and costume jewelry. I’ve always had a passion for fashion. I taught myself how to sew, when I bought my first sewing machine from Walmart online. I think that taking on the challenge of fashion sewing became such a “learnable task” for me because both my mother and grandmother…
Global Fire Resistant Fabric Market Outlook 2016: Apparel, Non Apparel
Latest industry research report on Fire Resistant Fabric. The materials with flame resistance constructed into chemical structure are termed as a flame resistant fiber. These fabrics have the capability to self extinguish, when removed from ignition source. Furthermore, these fabrics offer high level of protection, when an individual is exposed to direct flame, arc flashes and others.
Demands for developing an array of new variants of such fabrics, that assures…
