G-III Faces a $460 Million Sales Hole as Calvin Klein, Tommy Hilfiger Exit Bites
G-III Apparel (NASDAQ: GIII) stock dropped after missing Q2 revenue estimates and issuing weak Q3 guidance. Key details inside.
G-III, a big clothing company, lost two major brands (Calvin Klein and Tommy Hilfiger) it was selling for, so it won't make as much money as people thought. When a company loses big customers and warns its future sales will be weaker, investors watch more carefully to see if the company can find new ways to grow.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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