GIII, ECA, PSUN - CRWESelect.com Stock News! G-III Apparel Group, Encana Corporation, Pacific Sunwear of California (Video Included Inside)

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G-III Apparel Group, Ltd. (NASDAQ:GIII)

GIII announced today operating results for the third quarter of fiscal 2012 that ended October 31, 2011.The Company reported that, for the three months ended October 31, 2011, net sales increased to $510.0 million from $450.0 million in the third quarter last year. Net income for the third quarter of fiscal 2012 grew to $43.6 million from $42.7 million in the prior year’s quarter. Net income per diluted share of $2.16 for the third quarter of fiscal 2012 was the same as in the year-ago quarter.

In addition, GIII announced today that it has entered into a retail store agreement with Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp., to open Calvin Klein Performance stores and shop in shops for the sale of women’s Calvin Klein Performance apparel in the United States and China. G-III also has rights to expand to additional countries throughout the world. Terms of the deal were not disclosed. G-III noted that this retail store license is in addition to the women’s wholesale Calvin Klein Performance license that it entered into in 2007.

GIII is a leading manufacturer and distributor of outerwear, dresses, sportswear and women's suits, as well as handbags and luggage, under licensed brands, their own brands and private label brands. G-III sells outerwear and dresses under their own Andrew Marc, Marc New York and Marc Moto brands and has licensed these brands to select third parties in certain product categories. G-III has fashion licenses under the Calvin Klein, Sean John, Kenneth Cole, Cole Haan, Guess?, Jones New York, Jessica Simpson, Vince Camuto, Nine West, Ellen Tracy, Tommy Hilfiger, Kensie, Levi's and Dockers brands and sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Touch by Alyssa Milano and more than 100 U.S. colleges and universities. Their other owned brands include Jessica Howard, Eliza J, Black Rivet, G-III, G-III Sports by Carl Banks and Winlit. G-III also operates outlet stores under their Wilsons Leather and Andrew Marc names and is a party to a joint venture that operates outlet stores under the Vince Camuto name.

For more information about GIII please visit http://www.g-iii.com

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Encana Corporation (NYSE:ECA)

ECA has reached an agreement to sell two natural gas processing plants servicing the Cutbank Ridge area to Veresen Inc. for approximately C$920 million. The sale includes Encana’s 100 percent interest in its Steeprock plant in northeast British Columbia and its Hythe plant in northwest Alberta, along with compression and associated gathering pipelines.

ECA is a leading North American natural gas producer that is focused on growing its strong portfolio of resource plays producing natural gas and natural gas liquids in key basins from northeast British Columbia to east Texas and Louisiana. By partnering with employees, community organizations and other businesses, Encana contributes to the strength and sustainability of the communities where it operates. Encana common shares trade on the Toronto and New York stock exchanges under the symbol ECA.

For more information about ECA please visit http://www.encana.com

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Pacific Sunwear of California, Inc. (NASDAQ:PSUN)

PSUN announced today the completion of extensive negotiations with landlords that will result in the closure of approximately 175-200 underperforming stores within the next 14 months. The Company also announced the completion of a five-year, $100 million revolving credit facility with Wells Fargo Capital Finance and a five-year, $60 million senior secured term loan funded by Golden Gate Capital, a leading private equity firm with extensive experience in the retail sector.

PSUN and its subsidiaries is a leading specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. The Company sells a combination of branded and proprietary casual apparel, accessories and footwear designed to appeal to teens and young adults. As of December 7, 2011, the Company operates 819 stores in all 50 states and Puerto Rico.

For more information about PSUN please visit http://shop.pacsun.com

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calvin klein     ECA     Encana Corporation     GIII     Pacific Sunwear of California     PSUN     Veresen