Why G-III Apparel Stock Was Climbing Today
Shares of G-III Apparel Group (NASDAQ: GIII) were moving higher today after the apparel licensing company exceeded expectations in its first-quarter earnings report.
As of 1:35 p.m. ET, the stock was up 22.6%.
G-III reported a decline in revenue and profits, but that was anticipated as it rightsized its inventory and dealt with a more challenging macroeconomic environment.
Source Fool.com
