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prada spr52f sunglasses generating cash the company cannot grow, let alone buy back shares, or pay dividends.Drivers of Future GrowthGrowth is expected in part through expansion of its existing product range. Recently GIII expanded its license with Calvin Klein to include handbags and other accessories, and intends to continue to build on its extensive licenses. In 2008 the company acquired Wilsons Leather and in doing so branched into retail for the first time. To further expand on its retail business the company is moving into owning and operating footwear and accessory retail outlet stores and is planning to open a number of these stores under the name Camuto The roll out of these stores will begin in early 2012 and 10 stores are expected to open in 2012.97% of sales of G III are made in the US. The company is now marketing its products in Canada and Europe, and huge scope for growth exists through geographic expansion of sales.The business is divided into 3 segments wholesale licensed apparel which makes up around 68% of revenue, wholesale non licensed apparel and retail operations. Its retail operations are still small, but expansion is underway and GIII will continue to focus on growth in this arena. An investor will want to see a higher Margin of Safety than that currently on offer also.III Apparel Group Announces Date for First Quarter 2012 ResultsWhile the question and answer session of the call will be limited to institutional analysts and investors, retail brokers and individual investors are invited to listen to a live webcast. The broadcast will be hosted at . The G III webcast can be accessed via the "events" section of the site.About G III Apparel Group, Ltd.G III is a leading manufacturer and distributor of outerwear, dresses, sportswear and women's suits, as well as handbags and luggage, under licensed brands, our own brands and private label brands. G III sells outerwear and dresses under our own Andrew Marc, Marc New York and Marc Moto brands and has licensed these brands to select third parties in certain product categories. colleges and universities. Our other owned brands include Jessica Howard, Eliza J, Black Rivet, G III, Tannery West, G III by Carl Banks and