G-III Apparel Group Will Be A Coronavirus Winner [Seeking Alpha]
G-III Apparel Group, LTD. (GIII)
Last g-iii apparel group, ltd. earnings: 3/19 07:00 am
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US:NASDAQ Investor Relations:
ir.g-iii.com
Company Research
Source: Seeking Alpha
SummaryThe apparel chains that survive the current coronavirus shutdown will likely provide very strong returns.However, some might go bankrupt, and you need to avoid those.I explain why G-III is very different from most other branded apparel chains, and will thus likely be a big winner.One of the results of the coronavirus epidemic is that apparel retailers have been extremely punished. This is not unexpected. If you run an apparel store chain, your business was simply shut down during this period of social isolation. Now you bear the fixed costs of your business while receiving no revenues.Since apparel stores often have high fixed costs, for instance in the form of leasing costs and staffing costs, this shutdown immediately brought to the fore the bankruptcy risk these companies face. Hence, the extreme punishment the stocks endured was often driven not just by a rational evaluation of the losses being sustained, but also by the very real fear of bankruptcy.Indeed, for an investor
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GIII
News
- Orderful Raises $15M Growth Round Led by NewRoad Capital Partners to Transform B2B Integration with Modern EDI SolutionsPR Web
- Stephen Budd Named CEO of Sunwin Global Industry [Yahoo! Finance]Yahoo! Finance
- The Returns At G-III Apparel Group (NASDAQ:GIII) Aren't Growing [Yahoo! Finance]Yahoo! Finance
- GIII Trading Above 200 & 50-Day SMA: How to Play the Stock Now? [Yahoo! Finance]Yahoo! Finance
- G-III Apparel Group, Ltd. (NASDAQ: GIII) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
GIII
Earnings
- 9/5/24 - Beat
GIII
Sec Filings
- 10/31/24 - Form SC
- 9/26/24 - Form 4
- 9/26/24 - Form 144
- GIII's page on the SEC website