Pursuits

Apparel Maker for Ivanka Trump Slides After Forecast Miss

Shares of G-III Apparel tumble as much as 14 percent
Retail is ‘increasingly disrupted’ by e-commerce, CEO says

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By Lisa Wolfson

March 27, 2017 at 12:37 PM UTC

Updated on

March 27, 2017 at 1:56 PM UTC

This article is for subscribers only.

G-III Apparel Group Ltd., a clothing manufacturer that works with brands such as Ivanka Trump and Donna Karan, fell the most since August after sluggish retail spending crimped its annual forecast.

Earnings will be 99 cents to $1.09 a share this fiscal year, excluding some items, the company said Monday. That fell far short of the $1.34 average of projections. G-III’s sales forecast also missed estimates for the period, which ends next January.