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$GIII said in 2Q17, net sales of the wholesale operations decreased 7.7% to $361MM primarily as a result of a decrease in shipments of outerwear products. Net sales of retail operations decreased 10% to $100MM primarily due to same store sales decreases of 16.9% for the Wilsons stores and 9.8% for the GH Bass stores.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.