NEW YORK (
(GIII - Get Report)
has consistently been delivering excellent quarters. So, what's behind the growth in the company right now?
The company has grown organically as well as through acquisition. What fuels that growth is the amazing talent that underlies the company. We have consistent management. We've been doing this for many years. It's a team that operates as a unit. They're independent in their operating style. The company is on growth mode and has been for a good seven years.
You license some really big names. How is that working out? Is there any name that is rally jumping out at you?
Well clearly, the most important piece of our portfolio is
brand. We license it in many classifications and through the licences that we have with
(PVH - Get Report)
, we've created dominance in many different sectors of business. Coats, dresses, now sportswear and performance wear and soon to be an important piece of our business, handbags. We have a great relationship with the brand and the company that owns the brand.
Cotton prices have seemed to stabilize, is that helping you out?
Yes it has. Out margins have improved. Our ability to buy more competitively over seas has really helped our margin enhancements. So, yes.
Do you see the healthcare mandate affecting your company at all?
Pretty much anything that takes dollars out of the consumer's pocket is going to affect us. The consumer is under pressure to pay rent and buy food, their spend in fashion apparel is going to be less. So, to that affect it will have an impact there.
Also the higher payroll taxes...
Yes. Same story, the spend is affected the same way.
Are you seeing, within your business, any trends as to what people are buying these days?
They're buying fashion. The core basics come later, they're more utility, but as you prove that you're correct on the fashion side, whether it's color or style, the consumer is out there and is radiated to a new style every season.