I was thinking the same...sold mine yesterday at 18.49...took the loss but this thing is broken....not sure the issue here, margins, lack of cold weather, or what, but it's clear not one wants it at the moment.
I can't figure it out as well. GIII hitting a 2 or 3-year low today after the market rockets back up over 12,000 is bad news. I am sure worry exists that GIII will follow PERY's lead and have a monumental blow up after earnings next week. However, PERY's issues right now are at least partly due to certain incompetent management that was fired and replaced. GIII not experiencing the same issues right now. Margins are also a worry this quarter as it was last quarter. However, the market is pricing this stock as if margins are going to erode away two-thirds of GIII's profits over the next 12 to 24 months.