Top 5 Net Payout Yield Companies To Own For 2015: G-III Apparel Group Ltd (GIII)
G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, womens suits and womens performance wear, as well as luggage and womens handbags, small leather goods and cold weather accessories. It operates in three segments: wholesale licensed products, wholesale non-licensed products and retail operations. The wholesale licensed products segment includes sales of products under brands licensed by it from third parties. The wholesale non-licensed products segment includes sales of products under its own brands and private label brands. The retail operations segment consists almost entirely of the operations of its Wilsons outlet stores. The Company sells its products under its own brands, which include Andrew Marc, Marc New York and Marc Moto, licensed brands and private retail labels. In August 2012, the Company acquired Vilebrequin, a provider of swimwear, accessories and resort-wear. Effective November 4, 2013, G-III Apparel Group Ltd acquired GH Bass & Co.
The Company provides apparel under recognized brands to a cross section of retailers, such as Macys, Bloomingdales, Nordstrom, Lord & Taylor, The Bon-Ton Stores, Dillards, JC Penney, Belk and Kohls. As of January 31, 2012, the Company operated 139 retail stores, of which 135 are outlet stores operated under the Wilsons Leather name and four are outlet stores operated under its Andrew Marc brand. It has licenses to produce branded fashion apparel under the Calvin Klein, Kenneth Cole, Cole Haan, Guess?, Tommy Hilfiger, Levis, Dockers, Jessica Simpson, Ellen Tracy, Kensie, Mac & Jac, Jones New York, Sean John and Nine West brands, among others. It also has sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Touch by Alyssa Milano and over 100 United States colleges and universities. G-III sells oute! rwear, dress es and handbags under the Companys own Andrew Marc, Marc ! New York and Marc Moto brands and has licensed these brands to select third parties in certain product categories. Its other owned brands include, among others, Jessica Howard, Eliza J, Black Rivet, G-III, G-III Sports by Carl Banks and Winlit.
The Company works with a group of retailers, such as JC Penney, Kohls and Express in developing private label product lines. G-IIIs products are sold primarily to department, specialty and mass merchant retail stores in the United States. It sells to approximately 2,400 customers, ranging from national and regional chains to small specialty stores. It also distributes its products through its retail outlet stores. It also markets its products in Canada, Europe and the Far East.
G-IIIs branded apparel also consists of both womens and mens products. The Andrew Marc line of womens and mens luxury apparel is sold to upscale department and specialty retail stores. The Marc New York line of wom ens and mens better priced outerwear is sold to upper tier stores. The Marc Moto line is a mens denim lifestyle collection of sportswear and accessories. The Jessica Howard label is a moderate price dress line that sells to department stores, specialty stores and catalogs. Eliza J is a better dress line that sells to better department and specialty stores. The Black Rivet line of apparel consists of womens and mens outerwear. It sells mens sports-related apparel under its G-III Sports by Carl Banks label.
Advisors' Opinion:- [By Brian Pacampara]
What: Shares of clothing retailer G-III Apparel Group (NASDAQ: GIII ) soared 19% today after its quarterly results and outlook topped Wall Street expectations.
- [By Seth Jayson]
G-III Apparel Group (Nasdaq: GIII ) reported earnings on June 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), G-III App! arel Grou! p beat expectations on revenues and beat expectations on earnings per share.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-net-payout-yield-companies-to-own-for-2015.html
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