G-III Shares Trade Lower Ahead of Results, Marc Jacobs a Focus
G-III Apparel Group shares fell nearly 1% to $32.26 Wednesday as investors awaited first-quarter fiscal 2027 earnings and updates on portfolio changes. The company projects a $470 million sales drop from losing Calvin Klein and Tommy Hilfiger licenses, with first-quarter sales estimated at $530 million, down from $583.6 million last year. G-III plans to invest about $500 million in a new Marc Jacobs joint venture.