The G-III Q2 2024 earnings show how far CEO Morris Goldfarb has come in building back the business.
The company — which nearly two years ago faced the prospect of losing half its business when PVH Corp. decided toand growth at Karl Lagerfeld , and a new license to make Converse apparel, G-III is succeeding.
In addition to the operational and logistical challenges of replacing so much business , the company is prevailing in a very tough U.S. wholesale environment. “If you look at potentially Saks taking over Neiman’s, same thing,” he said. “People kind of get lazy in the same spot. The concern over the last few years for Neiman’s had been how to stay alive financing intact. And maybe as all this levels out more opportunity both for the vendors or retailer.” Goldfarb certainly seems pleased with the changes he’s made over the past couple years, even if it was need that pressed him to get moving.
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