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prada vitello wallet Wilsons full price stores are successful, this could become a meaningful growth opportunity for us. When we acquired Wilsons in 2008, it was losing money and generating sales of $250 a square foot. The chain is significantly profitable with sales around $350 a square foot and still growing.I'd like to close by providing you with an update on Vilebrequin, our most recent acquisition, which we closed in August of last year. The business is performing well, and our integration has gone smoothly. We're confident that the business is capable of significant growth, both within their core categories of men's and boy's swim, but also in other resort oriented categories. In particular, while it will start small, we're excited for our new women's swim collection, which will be in stores later this month. We believe this brand could be as strong with women as it is with men.We have new stores opening this year in the United States and overseas. We're working hard with our distribution partners, opening new Vilebrequin shops with our retail partners and are relaunching the Vilebrequin e commerce site in the United States this summer. We're very pleased with the management team and the progress they're making and believe our strategy is going to yield good results and returns, particularly, next year as we start hitting our strides with respect to a variety of growth initiatives.I'll reserve some comments for closing, but I'll now turn the call over to Neal Nackman, our Chief Financial Officer.Thank you, Morris. Net income was $1.1 million or $0.05 per diluted share compared to a net loss of $847,000 or $0.04 loss per share in last year's first quarter.Net sales for the quarter ended April 30, 2013 increased 19% to $272 million from $229 million in the same period last year. Net sales of licensed products increased to $180.5 million from $157 million, driven by increased sales of Calvin Klein licensed products, primarily in our women's suits and sportswear lines, as well as by an increase in sales of our Kensie sportswear line.III Apparel Group Company AnalysisG III Apparel Group Ltd. GIII is a diversified distributor of apparel and accessories in the US. The company range includes