G-III Apparel Group, Ltd. (Nasdaq:GIII) announced operating results for the second quarter of fiscal 2012. For the quarter ended July 31, 2011, G-III reported that net sales increased by 21.7% to $230 million from $189 million in the year-ago period. The Company reported net income for the second quarter of $1.6 million, or $0.08 per diluted share, compared to net income of $3.0 million, or $0.15 per diluted share, in the prior year's comparable period.

G-III Apparel Group, Ltd., together with its subsidiaries, designs, manufactures, imports, and markets a range of outerwear and sportswear apparel to retailers primarily in the United States.

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