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CG Stocks Updates! Pitney Bowes Inc. (PBI), G-III Apparel Group, Ltd. (GIII)

Shares of Pitney Bowes Inc. (NYSE:PBI) increased 0.24% and closed at $16.97 after opening 17.00 with the overall traded volume of 570,004.00 shares. The company’s Market capitalization reached to $3.16 billion, $185.59 million outstanding shares. Its low price was $16.92 and highest price was $17.21. The Distance from 50 day Simple moving average was -6.33% and Distance from 200 day Simple moving average -8.50%.The EPS is 1.44.

Pitney Bowes Inc. (PBI) announced the launch of the SendPro 300 integrated shipping and mailing solution, which streamlines multi-carrier office shipping and mailing for small and medium businesses (SMBs). In this all-in-one solution, the SendPro 300 enables users to manage their sending with the USPS (mailing and shipping) or with FedEx or UPS. The new SendPro 300 solution connects users to the Pitney Bowes Commerce Cloud, unlocking innovative solutions, analytics and APIs across the full commerce continuum.

“The Pitney Bowes SendPro family of integrated shipping, mailing and parcel receiving applications is reinventing office shipping and mailing for small and medium businesses,” said Mark Shearer, Executive Vice President and President, Pitney Bowes Global SMB Solutions. “With the growing complexity of sending parcels, flats and mail through multiple carriers with a complex set of rates, service levels, tracking and billing processes, small and medium businesses are searching for ways to simplify their sending and save money. SendPro does both. It supports all office shipping by connecting users to shipping options, compliant label printing and tracking of deliveries. No matter who ships in the office, sending activity for all users and all carriers are consolidated into a single report, helping managers make informed decisions and gain better control over office shipping and mailing costs.”

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) decreased -1.97% and closed at $28.90 after opening 29.65 with the overall traded volume of 350,641.00 shares. The company’s Market capitalization reached to $1.30 billion, $45.76 million outstanding shares. Its low price was $28.71 and highest price was $29.81. The Distance from 50 day Simple moving average was -15.99% and Distance from 200 day Simple moving average was -32.63%. The EPS is 2.07.

G-III Apparel Group, Ltd. (GIII) announced operating results for the second quarter of fiscal 2017 that ended July 31, 2016.

For the quarter ended July 31, 2016, G-III reported that net sales decreased 7% to $442.3 million from $473.9 million in the year-ago period. The Company reported a net loss for the second quarter of ($1.3) million, or ($0.03) per share, compared to net income of $12.5 million, or $0.27 per diluted share, in the prior year’s comparable period. The Company’s results for the second quarter included professional fees of approximately $3.0 million, equal to approximately $0.04 per share, net of taxes, in connection with its pending acquisition of Donna Karan.

Morris Goldfarb, G-III’s Chairman, Chief Executive Officer and President, said, “We sustained momentum in our wholesale businesses with consistent well designed high quality product that our customers responded to. We believe our wholesale outerwear opportunity is intact for the full year despite a reduction by retailers in early season orders as they shifted their focus toward a greater degree of in season replenishment and reorder business. We believe that the risk of continued softness in the retail outlet environment has somewhat abated as we have now liquidated inventory from last year’s holiday season and are currently adding some great new fall products to our store inventory. Lastly, we believe forecasted cool weather trends should be in our favor this fall and holiday season compared to last year and should provide the impetus for improved sales for Wilsons and Bass in the second half.”

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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