What happened with GIII today?
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G-III Apparel Group supplies retailers with women’s and men’s clothing and accessories, from dresses and sportswear to outerwear and handbags. It designs the products and hires independent manufacturers, mainly in Asia, to make them; it owns no factories. Most sales are in the United States, and wholesale is its main business. Macy’s is its largest customer, while TJX Companies and Ross Stores are also major buyers; a small group of large retailers accounts for most sales.
Owned brands, including DKNY, Donna Karan, Karl Lagerfeld and Vilebrequin, now generate more sales than licensed brands. G-III also develops retailers’ private-label products and sells directly to shoppers through its stores and brand websites. It earns royalties by allowing partners to use its own brands in additional product categories and markets.
Calvin Klein and Tommy Hilfiger still supply a substantial part of sales, but their licenses are expiring in stages, with the remaining terms ending by late 2027. Licensed products depend on brand owners’ permission, including design approvals and contractual sales and payment requirements. G-III is developing its owned brands and continuing licensed brands to replace the departing business.
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G-III’s results hinge on replacing its expiring Calvin Klein and Tommy Hilfiger licenses and keeping retailer orders, especially from Macy’s, its largest customer at 20.6% of fiscal 2026 net sales.
PVH is taking apparel categories back in-house as G-III’s permission to make and sell Calvin Klein and Tommy Hilfiger products expires, removing business that represented about 28% of G-III’s fiscal 2026 net sales. Watch PVH’s takeover of these formerly licensed categories in the United States and Canada as G-III seeks replacement sales.
TJX Companies buys G-III apparel to resell at its off-price stores, making its orders important to G-III: it accounted for 11.4% of fiscal 2026 net sales. TJX buys close to when it needs merchandise, so watch its appetite for apparel purchases rather than assuming orders are locked in far ahead.
Ross Stores’ purchases of branded and private-label apparel supplied by G-III accounted for 11.0% of G-III’s fiscal 2026 net sales, so a substantial order cut would hurt G-III. Ross resells discounted clothing to value-focused households; its purchases from G-III are the direct link to watch.
Oxford Industries competes with G-III for consumers’ seasonal clothing purchases; both design branded lifestyle apparel and arrange its manufacture. Watch how Oxford’s Tommy Bahama and Lilly Pulitzer products meet changing fashion tastes, a challenge G-III faces across its own portfolio.
Levi Strauss competes with G-III for casual-apparel spending while also owning the Levi’s brand that G-III uses under license to sell clothing. Sales of Levi’s core products, including 501 jeans, offer a view of demand for a brand within G-III’s licensed portfolio, not a direct measure of G-III’s sales.
VF competes with G-III to sell branded outerwear, lifestyle apparel and accessories to overlapping groups of retail buyers. VF’s sales to department stores, specialty stores and national chains are the relevant comparison for G-III’s wholesale business, rather than VF’s direct-to-consumer sales alone.
Steven Madden competes with G-III for retailers’ footwear assortment space and consumers’ spending, supplying both branded shoes and shoes made for retailers’ own labels. Watch its Wholesale Footwear revenue—the business selling those shoes to retailers—which accounted for 40.9% of its 2025 revenue.
Columbia Sportswear competes with G-III in branded outerwear and lifestyle apparel, selling both to retailers and directly to shoppers. Its outerwear sales through those two routes offer a closer comparison for G-III than Columbia’s equipment business.
Xcel Brands gives G-III long-term rights to sell Halston apparel and other products in exchange for payments and royalties, supporting G-III’s effort to replace expiring brand licenses. Watch Halston sales against the agreement’s annual minimum sales requirements; guaranteed minimum royalties mean Xcel’s royalty revenue alone does not show G-III’s sales growth.
Canada Goose competes with G-III’s outerwear brands for shoppers’ coat and jacket purchases, though their price points and production models differ. Canada Goose’s luxury positioning and largely Canadian-made down outerwear make its sales a narrower comparison, not a proxy for G-III’s full apparel portfolio.
V.F. Corporation earningsVFC
VF’s wholesale sales to department stores and chains will show how retailers are buying branded apparel, the same channels that carry G-III’s products.
Focus on VF’s sales to department stores, specialty stores and national chains, not just its own stores and websites. Stronger wholesale sales would point to healthier retailer demand for branded apparel, giving G-III a better chance of orders; weaker sales would suggest those buyers are pulling back, putting more pressure on G-III’s wholesale business.
XCEL BRANDS INC. earningsXELB
If Xcel Brands reports Halston sales against the annual minimum, its report will show whether G-III’s license is generating enough replacement business.
Compare Halston sales with the agreement’s annual minimum sales requirement; Xcel’s royalty revenue is not a measure of G-III’s sales growth. Meeting or exceeding the threshold would show Halston is adding meaningful sales for G-III; falling short would mean replacement sales remain limited while G-III still owes the agreement’s minimum payments.
TJX Companies, Inc. (The) earningsTJX
TJX’s apparel buying will show whether this customer, which accounted for 11.4% of G-III’s fiscal 2026 sales, is still stocking its off-price stores actively.
Watch TJX’s apparel purchases, not its total sales to shoppers as if they were G-III orders. Rising apparel buying would indicate stronger replenishment demand and support G-III’s wholesale sales through TJX; falling purchases would suggest this major customer is cutting orders, weighing on G-III’s sales.
PVH Corp. earningsPVH
PVH’s report will show how Calvin Klein and Tommy Hilfiger categories sell in the United States and Canada after PVH takes them back, the licensed business G-III must replace.
Watch sales in the affected categories in the United States and Canada, alongside changes in G-III’s owned-brand sales. Steady category sales with growth in G-III’s owned brands would show demand remains and replacement brands may capture some business; weakness in those categories without owned-brand growth would mean the lost license sales are harder to replace.
G-Iii Apparel Group Ltd earningsThis company
G-III’s report will show whether growth in owned brands such as Karl Lagerfeld and Donna Karan can replace sales lost as its Calvin Klein and Tommy Hilfiger licensed business shrinks.
Compare sales of owned brands such as Karl Lagerfeld and Donna Karan with licensed Calvin Klein and Tommy Hilfiger sales, alongside wholesale gross margin. Owned-brand growth that narrows the sales gap while margin holds would show replacement business is taking hold; a widening gap and falling margin would show tariffs and fewer shipments are still squeezing profit.
