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prada sneakers for men 2013 causes and every child has a safe and healthy childhood.III Apparel's First Quarter EarningsApparel Group GIII reported first quarter earnings on Tuesday. The outerwear and accessory wholesale company reported net sales of $229.4 million, a 16.5% increase from last year's first quarter. This also marked a record for net sales in a quarter by the retailer. Despite strong sales, the company did record a net loss of $0.04 per share in the quarter. Analysts on Yahoo Finance had projected a loss of $0.04. Apparel Group owns and licenses brands that are sold in categories of outerwear, ready to wear, sports, and accessories. is a leader in outerwear and dresses for women. The company has a growing base in luggage, handbags, and sportswear. The company's owned brands, which made up 21.7% of 's fiscal 2012 net sales, include:Marc MotoBlack RivetThe company also maintains licenses from all four major sport leagues in the United States. has licensing deals with over 100 universities and colleges in the United States as well. has licensing partnerships with Major League Soccer as well. For fiscal 2012, wholesale licensed brands made up 65.5% of net sales.III Apparel Group Management Discusses Q4 2013 ResultsGood day, ladies and gentlemen, and welcome to the G III Apparel Group, Ltd. Fourth Quarter and Fiscal Year 2013 Earnings Conference Call. Instructions And as a reminder, today's conference is being recorded for replay purposes.Thank you. Before we begin, I would like to remind participants that certain statements made on today's call and in the Q session may constitute forward looking statements within the meaning of the federal securities laws. Forward looking statements are not guarantees, and actual results may differ materially from those expressed or implied in forward looking statements. Important factors that could cause actual results of operations or the financial condition of the company to differ are discussed in the documents filed by the company with the SEC. The company undertakes no duty to update any forward looking statements. In addition, during the call, we will refer to adjusted EBITDA and non GAAP net income per share, which are both non GAAP financial