Donna Karan parent G-III Apparel Group has reported a 21.6 per cent increase in quarterly sales to US$538 million.
Of that, about $45 million of sales were of the DKNY and Donna Karan brands, acquired last year from LVMH. Its other licensed label s include Calvin Klein, Tommy Hilfiger, Ivanka Trump and Karl Lagerfeld Paris.
However the ongoing costs of bedding down its Donna Karan acquisition contributed to a quarterly loss of $8.6 million, substantially higher than the $1.3 million loss in the same quarter last year.
Morris Goldfarb, G-III's chairman and CEO, said, the company has created a "powerful" brand portfolio through acquisition and partnerships.
Goldfarb said G-III planned to rationalise its own store network, improve merchandising and reduce expenses to return to profitability.
"We believe we can mitigate the pressure on our retail results while reaping the benefits of an exciting new phase of wholesale growth as we look forward to a successful second half of the year.