G-III Apparel Group’s rebound strategy is paying dividends — or at least it’s about to.

While the company continues to work through the transition of the Calvin Klein and Tommy Hilfiger licenses back to PVH Corp. — and feels the pain of that on the top line — Morris Goldfarb, chairman and chief executive officer, has solidified the group’s financial profile.

Third-quarter earnings were down, but well ahead of analysts’ estimates, the company has cut its debt load by 95 percent from a year ago and, for the first time ever, it is going to start paying a dividend.

Shoppers are hanging on pretty well too — better than many expected.

“The consumer is spending. You give them product that has value, you give them fashion, they’re out there buying,” Goldfarb told WWD. “We are not seeing

See Full Page