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prada sneakers woman September 5, G III Apparel Group reported fiscal second quarter 2013 earnings of 13 cents per share, breezing past the Zacks Consensus Estimate of 7 cents and above the company's guided range of 4 cents to 8 cents.Net sales surged 9.4% year over year to $251.5 million, driven by double digit comps growth in dresses, sportswear, suits, handbags, team sports and specialty retail operations. The significant growth in net sales was chiefly aided by improved performances from wholesale licensed apparel up 13.0% year over year and retail operations up 16.0%, partially offset by a dip of 4.7% in the wholesale non licensed segment.Gross margin expanded 130 basis points bps to 29.8%, due to a decline in cost of sales as a percentage of revenue. Margins at the wholesale license segment advanced 70 bps to 26.2%, while the wholesale non licensed segment rose 90 bps to 24.7%. Moreover, gross margin at retail operations improved 290 bps to 48.0%.For the third quarter of 2013, G III expects earnings per share between $2.25 and $2.35 with net sales of $510 million to $570 million.Based on strong second quarter results, the company raised its outlook for fiscal 2013. G III now anticipates earnings per share between $2.68 and $2.78, up from the previously forecasted range of $2.62 to $2.72. Net sales are now expected to be $1.41 billion, versus the earlier projection of $1.35 billion. On an adjusted basis, the company expects earnings per share in the range of $2.74 $2.84.IHG Builds Budget Hotels and MoreDelta, Air France and KLM sign deal Delta Air Lines Inc., Air France and KLM Group signed a deal today, combining their two different agreements into a "trans Atlantic powerhouse" that could raise $12 billion a year in revenue. The three airlines will share costs, branding, governance and advertising. Three chief executives and a management committee are slated to head the trifecta. The partnership will cover flights between North America and Europe, Amsterdam and India, and North America and Tahiti. Source: MGM Mirage to run Dubai hotels MGM Mirage signed an agreement to run MGM Mirage hotels there, according to reports. Pearl Dubai FZ, developers of a $4 billion luxury project