American firm G-III Apparel reports sales of $644.8 mn in Q2 FY25

G-III Apparel Group reported a 2 per cent decrease in net sales for Q2 FY25, totalling $644.8 million, compared to $659.8 million last year.
However, net income rose to $24.2 million, or $0.53 per share, up from $16.4 million.
Non-GAAP net income per share was $0.52, and inventory levels dropped 24 per cent, from $804.9 million to $610.5 million.