G-III Soars on Wholesale StrengthThe company, which sees more potential in DKNY, jumped back into the black in the second quarter and boosted its full-year projections.

[Collection]Count Morris Goldfarb as a brick-and-mortar believer. Goldfarb, who is chairman and chief executive officer of G-III Apparel Group Ltd., turned in solid second-quarter results Thursday on the strength of his company’s wholesale business. G-III also boosted its outlook for the year and saw its stock rise 4.1 percent to $45.88 in afternoon trading. “Brick-and-mortar is not done,” Goldfarb said in an interview with WWD. “The consumer’s still spending a good deal of money in brick-and-mortar.” At the same time, G-III is building on its digital business, which Goldfarb noted relies on stores. “As a consumer finds different avenues to acquire product, we just need to be part of it,” the ceo said. Goldfarb also said the company’s 2016 acquisition of Donna Karan was paying off. “It’s got an incredible amount of room left to go,” he said of the business, which includes Donna Karan and DKNY. “It’s still in very early-stage development. It’s met our expectations, even more so.” G-III is centered around five businesses: the DKNY and Donna Karan brands, which it owns outright, and Calvin Klein, Tommy Hilfiger and Karl Lagerfeld, which it produces goods for under license. The company’s second-quarter net income tallied $10.1 million, or 20 cents a share, marking a big

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