G-III Apparel Group Investor Alert: Kaplan Fox Investigates G-III Apparel


NEW YORK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of G-III Apparel Group Ltd. (“G-III” or “Company”) (NASDAQ: GIII). Click here to contact us.

If you acquired G-III securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952.

G-III is an American clothing company which designs, manufacturers, and markets women’s and men’s apparel in the United States through a portfolio of proprietary and licensed brand names.

On December 1, 2022, Morris Goldfarb, G-III’s Chairman and CEO announced, among other things, that during the quarter “higher inventory levels caused logistical challenges within our distribution centers” and that “[t]his 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.”

Following this news, on December 1, 2022, G-III shares fell by $9.66 per share, a drop of over 44%, to close at $11.97 per share.

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WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 687-1980
E-mail: pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com

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