G III APPAREL GROUP LTD /DE/

Corporate Offices, Showrooms and Distribution Center

We lease our corporate offices and showrooms, which are located in New York City, New York. At January 31, 2026, the leases on our corporate offices and showrooms covered space of approximately 355,000 square feet and expire in 2034. We also lease a distribution center which is located in Jamesburg, New Jersey. At January 31, 2026, the lease on our distribution center covered space of approximately 583,000 square feet and expires in 2028. The majority of our distribution centers are third-party service providers for which we do not enter into lease agreements.

Retail Stores

As of January 31, 2026, we operated 104 Vilebrequin retail stores, 13 DKNY stores, 34 Karl Lagerfeld Paris stores and 67 Karl Lagerfeld stores.

Most leases for retail stores in the United States require us to pay annual minimum rent plus a contingent rent dependent on the store’s annual sales in excess of a specified threshold. In addition, the leases generally require us to pay costs such as real estate taxes and common area maintenance costs. Retail store leases are typically between three and ten years in duration. Recently, store leases have been for shorter durations with an option to terminate if certain sales levels are not met.

Our leases expire at varying dates through 2037. Vilebrequin has 55 stores located in Europe, 23 stores located in the United States, 13 stores located in Asia, 9 stores located in Mexico and 4 stores in the Caribbean. DKNY has 12 stores located in the United States and 1 store located in Europe. Karl Lagerfeld Paris has 30 stores located in the United States and 4 store located in Canada. Karl Lagerfeld has 67 stores located in Europe.

The following table indicates the periods during which our retail leases expire:

For more information on our leases, please see Note 6 – Leases in the accompanying Notes to our Consolidated Financial Statements in this Annual Report.