Sean John

NEW YORK G-III Apparel Group Ltd. said Thursday that its fiscal fourth-quarter profit slid 59 percent, hurt by the milder winter weather and higher expenses. Its first-quarter revenue outlook and fiscal 2013 guidance came in below Wall Street's expectations."Although we achieved record sales in fiscal 2012, the record breaking warm weather was a major factor in our disappointing fourth quarter performance," Chairman and CEO Morris Goldfarb said in a statement.The company makes clothes and luggage under Calvin Klein, Sean John, Kenneth Cole and other brands. Sales of its coats and winter outerware were hurt at many retail outlets