we plan to leverage our demonstrated ability to drive organic growth , identify and integrate acquisitions and develop talent throughout the organization to maximize the potential of the dkny and donna karan brands . in march 2017 , we entered into an agreement with macy 's under which macy 's serves , since february 2018 , as the exclusive u.s. department store for sales of dkny women 's apparel and accessories . under the agreement , macy 's has the exclusive rights to sell dkny women 's apparel , including women 's sportswear , dresses , suit separates , women 's performance wear , denim , swimwear and outerwear , handbags and women 's shoes , as well as men 's swimwear and outerwear , and luggage in all macy 's locations and on macys.com . the agreement also plans for increased and enhanced dkny shop-in-shops in many macy 's stores . g-iii and macy 's are committed to making dkny the premier fashion and lifestyle brand . we sell dkny products through department stores , specialty retailers and online retailers worldwide , as well as through company-operated retail stores , e-commerce sites and distribution agreements . we also maintain dkny 's agreements with international license partners and distributors outside of the united states . products outside the exclusive categories and products distributed by dkny 's various licensees under other categories will continue to be sold to department stores , including macy 's . in addition , we re-launched donna karan as an aspirational luxury brand that is priced above dkny and targeted to fine department stores globally . in august 2017 , we entered into a joint venture with amlon capital b.v. ( “ amlon ” ) to produce and market women 's and men 's apparel and accessories pursuant to a long-term license for dkny and donna karan in the people 's republic of china , including macau , hong kong and taiwan . we own 49 % of the joint venture , with amlon owning the remaining 51 % . the principals of amlon were formerly executives of tommy hilfiger and were instrumental in the expansion of the tommy hilfiger brand in china . the joint venture will be funded with $ 25 million of equity to be used to strengthen the dkny and donna karan brands and accelerate the growth of the business in the region . of this amount , we are required to contribute an aggregate of $ 10.0 million to this joint venture by august 2018. starting january 1 , 2018 , this joint venture is the exclusive seller of women 's and men 's apparel , handbags , luggage and certain accessories under the dkny and donna karan brands in the territory . the joint venture commenced operations in the second half of fiscal 2018 and was operating 13 stores as of january , 31 . 2018. the acquisition of dki negatively impacted our results of operations in fiscal 2017 and in fiscal 2018. we expect dki to be profitable in fiscal 2019. karl lagerfeld paris in june 2015 , we acquired a 49 % interest in a joint venture that holds the worldwide rights to the karl lagerfeld trademarks , including the karl lagerfeld paris brand we currently use , for consumer products ( with certain exceptions ) and apparel in the united states , canada and mexico . we were also the first licensee of the joint venture , having been granted a license for women 's apparel , women 's handbags , women 's and men 's footwear and men 's apparel . we began shipping karl lagerfeld paris sportswear , dresses , women 's outerwear and handbags in the third quarter of fiscal 2016 , karl lagerfeld paris women 's footwear in the first quarter of fiscal 2017 and karl lagerfeld paris women 's suits in the third quarter of fiscal 2017. in february 2016 , we acquired a 19 % minority interest in the parent company of the group that holds the worldwide rights to the karl lagerfeld brand . this investment is intended to expand the partnership between us and the owners of the karl lagerfeld brand and extend their business development opportunities on a global scale . the business plan for this entity includes developing its wholesale business , expanding its outlet retail footprint and further developing out its online presence . 43 licensed products the sale of licensed products is a key element of our strategy and we have continually expanded our offerings of licensed products for more than 20 years . sales of licensed products accounted for 58.6 % of our net sales in fiscal 2018 , 60.7 % of our net sales in fiscal 2017 and 59.2 % of our net sales in fiscal 2016. our most significant licensor is calvin klein with whom we have ten different license agreements . we have also entered into distribution agreements with respect to calvin klein luggage in a limited number of countries in asia , europe and north america . in september 2017 , we renewed our license agreements with levi 's and dockers for an additional four-year term . we also recently extended through 2020 our license agreements with the national basketball association and for vince camuto dresses . in july 2016 , we signed a three-year extension through march 2020 of our license agreement with the national football league . this agreement includes men 's and women 's outerwear , starter men 's and women 's outerwear , men 's and women 's lifestyle apparel , hands high men 's and women 's lifestyle apparel , and touch by alyssa milano women 's lifestyle apparel . in february 2016 , we expanded our relationship with tommy hilfiger through a new license agreement for tommy hilfiger womenswear in the united states and canada . story_separator_special_tag impairment of long-lived assets in accordance with financial accounting standards board ( “ fasb ” ) accounting standards codification ( “ asc ” ) topic 360 — property , plant and equipment , we annually evaluate the carrying value of our long-lived assets to determine whether changes have occurred that would suggest that the carrying amount of such assets may not be recoverable based on the estimated future undiscounted cash flows of the businesses to which the assets relate . any impairment would be equal to the amount by which the carrying value of the assets exceeded its fair value . in fiscal 2018 , the we recorded a $ 6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of our wilsons , g.h . bass and vilebrequin stores as a result of the performance at these stores . in addition , we recorded a $ 738,000 impairment charge with respect to furniture and fixtures located in certain customers ' stores . in fiscal 2017 , the company recorded a $ 10.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of our wilsons and g.h . bass stores as a result of the performance at these stores . equity awards all share-based payments to employees , including grants of restricted stock units and employee stock options , are recognized in the consolidated financial statements as compensation expense over the service period ( generally the vesting period ) based on their fair values . restricted stock units that do not have performance conditions are valued based on the quoted market price on date of grant . restricted stock units with performance conditions are valued with the assistance of a valuation expert . stock options are valued using the black-scholes option pricing model . the black-scholes model requires subjective assumptions regarding dividend yields , expected volatility , expected life of options and risk-free interest rates . these assumptions reflect management 's best estimates . changes in these inputs and assumptions can materially affect the estimate of fair value and the amount of our compensation expenses for stock options . 48 results of operations the following table sets forth selected operating data as a percentage of our net sales for the fiscal years indicated below : ​ ​ ​ 2018 ​ ​ 2017 ​ ​ 2016 ​ net sales ​ ​ ​ ​ 100.0 % ​ ​ ​ ​ ​ 100.0 % ​ ​ ​ ​ ​ 100.0 % ​ ​ cost of goods sold ​ ​ ​ ​ 62.4 ​ ​ ​ ​ ​ 64.8 ​ ​ ​ ​ ​ 64.2 ​ ​ gross profit ​ ​ ​ ​ 37.6 ​ ​ ​ ​ ​ 35.2 ​ ​ ​ ​ ​ 35.8 ​ ​ selling , general and administrative expenses ​ ​ ​ ​ 30.5 ​ ​ ​ ​ ​ 29.5 ​ ​ ​ ​ ​ 26.8 ​ ​ depreciation and amortization ​ ​ ​ ​ 1.3 ​ ​ ​ ​ ​ 1.4 ​ ​ ​ ​ ​ 1.1 ​ ​ asset impairments ​ ​ ​ ​ 0.3 ​ ​ ​ ​ ​ 0.4 ​ ​ ​ ​ ​ — ​ ​ operating profit ​ ​ ​ ​ 5.5 ​ ​ ​ ​ ​ 3.9 ​ ​ ​ ​ ​ 7.9 ​ ​ interest and financing charges , net ​ ​ ​ ​ ( 1.6 ) ​ ​ ​ ​ ​ ( 0.6 ) ​ ​ ​ ​ ​ ( 0.3 ) ​ ​ income before income taxes ​ ​ ​ ​ 3.9 ​ ​ ​ ​ ​ 3.3 ​ ​ ​ ​ ​ 7.6 ​ ​ income tax expense ​ ​ ​ ​ 1.7 ​ ​ ​ ​ ​ 1.1 ​ ​ ​ ​ ​ 2.8 ​ ​ net income ​ ​ ​ ​ 2.2 % ​ ​ ​ ​ ​ 2.2 % ​ ​ ​ ​ ​ 4.8 % ​ ​ ​ year ended january 31 , 2018 ( “ fiscal 2018 ” ) compared to year ended january 31 , 2017 ( “ fiscal 2017 ” ) net sales for fiscal 2018 increased to $ 2.81 billion from $ 2.39 billion in the prior year . net sales of our segments are reported before intercompany eliminations . net sales of our wholesale operations segment increased to $ 2.45 billion from $ 2.01 billion in the comparable period last year . net sales from our dkny and donna karan product lines accounted for $ 250.2 million in fiscal 2018 compared to $ 16.6 million in fiscal 2017 when we operated the business for only two months . the increase in net sales of our wholesale operations segment was also a result of a $ 138.6 million increase in net sales of tommy hilfiger licensed products primarily from our denim , women 's sportswear and women 's outerwear product categories , which were recently launched , as well as an increase in net sales in the men 's outerwear and dresses categories . the increase in net sales was also driven by a $ 85.7 million increase in net sales of calvin klein licensed products , primarily from dresses and women 's performance wear , and a $ 34.2 million increase in net sales of karl lagerfeld paris licensed products . these increases are offset , in part , by a $ 38.3 million decrease in net sales of private label products and a $ 15.7 million decrease in net sales of jessica simpson licensed products , for which the license agreement was terminated in june 2017. net sales of our retail operations segment increased to $ 502.5 million from $ 474.2 million in the same period last year . our retail operations report on a 52/53 week fiscal year . net sales increased by $ 6.9 million as a result of fiscal 2018 containing 53 weeks compared to 52 weeks in fiscal 2017. the remainder of the increase in net sales was due to $ 69.9 million in net sales

cash from investing activities in fiscal 2018 , we used $ 33.9 million of cash in investing activities . the cash used in investing activities consisted of capital expenditures related to additional fixturing costs at department stores , as well as renovating , repurposing and relocating g.h . bass and wilsons leather stores to karl lagerfeld paris and dkny stores . in fiscal 2017 , we used $ 525.8 million in investing activities of which $ 465.4 million was in connection with the acquisition of dki . we also used $ 24.9 million for capital expenditures , primarily related to fixturing costs at department stores , and $ 35.4 million for the investment in klh . in fiscal 2016 , we used $ 67.7 million of cash in investing activities of which $ 42.2 million was for capital expenditures , primarily related to fixturing costs at department stores , as well as for remodeling , relocating and adding new wilsons , g.h . bass and vilebrequin stores . the remainder of the cash used in investing activities of $ 25.5 million related to the investment in klna . cash from financing activities in fiscal 2018 , we used $ 83.7 million of cash in financing activities primarily for the reduction in net borrowings under our credit agreement . cash from financing activities provided $ 367.6 million in fiscal 2017 , primarily from additional borrowings to finance the dki acquisition . cash from financing activities provided $ 0.5 million in fiscal 2016 , primarily as a result of net proceeds from the exercise of stock options . financing needs we believe that our cash on hand and cash generated from operations , together with funds available under the abl credit agreement , are sufficient to meet our expected operating and capital expenditure requirements . we may seek to acquire other businesses in order to expand our product offerings . we may need additional financing in order to complete one or more acquisitions . we can not be certain that we will be able to obtain additional financing , if required , on acceptable terms or at all .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash from investing activities in fiscal 2018 , we used $ 33.9 million of cash in investing activities . the cash used in investing activities consisted of capital expenditures related to additional fixturing costs at department stores , as well as renovating , repurposing and relocating g.h . bass and wilsons leather stores to karl lagerfeld paris and dkny stores . in fiscal 2017 , we used $ 525.8 million in investing activities of which $ 465.4 million was in connection with the acquisition of dki . we also used $ 24.9 million for capital expenditures , primarily related to fixturing costs at department stores , and $ 35.4 million for the investment in klh . in fiscal 2016 , we used $ 67.7 million of cash in investing activities of which $ 42.2 million was for capital expenditures , primarily related to fixturing costs at department stores , as well as for remodeling , relocating and adding new wilsons , g.h . bass and vilebrequin stores . the remainder of the cash used in investing activities of $ 25.5 million related to the investment in klna . cash from financing activities in fiscal 2018 , we used $ 83.7 million of cash in financing activities primarily for the reduction in net borrowings under our credit agreement . cash from financing activities provided $ 367.6 million in fiscal 2017 , primarily from additional borrowings to finance the dki acquisition . cash from financing activities provided $ 0.5 million in fiscal 2016 , primarily as a result of net proceeds from the exercise of stock options . financing needs we believe that our cash on hand and cash generated from operations , together with funds available under the abl credit agreement , are sufficient to meet our expected operating and capital expenditure requirements . we may seek to acquire other businesses in order to expand our product offerings . we may need additional financing in order to complete one or more acquisitions . we can not be certain that we will be able to obtain additional financing , if required , on acceptable terms or at all .
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 Suspicious Activity Report : we plan to leverage our demonstrated ability to drive organic growth , identify and integrate acquisitions and develop talent throughout the organization to maximize the potential of the dkny and donna karan brands . in march 2017 , we entered into an agreement with macy 's under which macy 's serves , since february 2018 , as the exclusive u.s. department store for sales of dkny women 's apparel and accessories . under the agreement , macy 's has the exclusive rights to sell dkny women 's apparel , including women 's sportswear , dresses , suit separates , women 's performance wear , denim , swimwear and outerwear , handbags and women 's shoes , as well as men 's swimwear and outerwear , and luggage in all macy 's locations and on macys.com . the agreement also plans for increased and enhanced dkny shop-in-shops in many macy 's stores . g-iii and macy 's are committed to making dkny the premier fashion and lifestyle brand . we sell dkny products through department stores , specialty retailers and online retailers worldwide , as well as through company-operated retail stores , e-commerce sites and distribution agreements . we also maintain dkny 's agreements with international license partners and distributors outside of the united states . products outside the exclusive categories and products distributed by dkny 's various licensees under other categories will continue to be sold to department stores , including macy 's . in addition , we re-launched donna karan as an aspirational luxury brand that is priced above dkny and targeted to fine department stores globally . in august 2017 , we entered into a joint venture with amlon capital b.v. ( “ amlon ” ) to produce and market women 's and men 's apparel and accessories pursuant to a long-term license for dkny and donna karan in the people 's republic of china , including macau , hong kong and taiwan . we own 49 % of the joint venture , with amlon owning the remaining 51 % . the principals of amlon were formerly executives of tommy hilfiger and were instrumental in the expansion of the tommy hilfiger brand in china . the joint venture will be funded with $ 25 million of equity to be used to strengthen the dkny and donna karan brands and accelerate the growth of the business in the region . of this amount , we are required to contribute an aggregate of $ 10.0 million to this joint venture by august 2018. starting january 1 , 2018 , this joint venture is the exclusive seller of women 's and men 's apparel , handbags , luggage and certain accessories under the dkny and donna karan brands in the territory . the joint venture commenced operations in the second half of fiscal 2018 and was operating 13 stores as of january , 31 . 2018. the acquisition of dki negatively impacted our results of operations in fiscal 2017 and in fiscal 2018. we expect dki to be profitable in fiscal 2019. karl lagerfeld paris in june 2015 , we acquired a 49 % interest in a joint venture that holds the worldwide rights to the karl lagerfeld trademarks , including the karl lagerfeld paris brand we currently use , for consumer products ( with certain exceptions ) and apparel in the united states , canada and mexico . we were also the first licensee of the joint venture , having been granted a license for women 's apparel , women 's handbags , women 's and men 's footwear and men 's apparel . we began shipping karl lagerfeld paris sportswear , dresses , women 's outerwear and handbags in the third quarter of fiscal 2016 , karl lagerfeld paris women 's footwear in the first quarter of fiscal 2017 and karl lagerfeld paris women 's suits in the third quarter of fiscal 2017. in february 2016 , we acquired a 19 % minority interest in the parent company of the group that holds the worldwide rights to the karl lagerfeld brand . this investment is intended to expand the partnership between us and the owners of the karl lagerfeld brand and extend their business development opportunities on a global scale . the business plan for this entity includes developing its wholesale business , expanding its outlet retail footprint and further developing out its online presence . 43 licensed products the sale of licensed products is a key element of our strategy and we have continually expanded our offerings of licensed products for more than 20 years . sales of licensed products accounted for 58.6 % of our net sales in fiscal 2018 , 60.7 % of our net sales in fiscal 2017 and 59.2 % of our net sales in fiscal 2016. our most significant licensor is calvin klein with whom we have ten different license agreements . we have also entered into distribution agreements with respect to calvin klein luggage in a limited number of countries in asia , europe and north america . in september 2017 , we renewed our license agreements with levi 's and dockers for an additional four-year term . we also recently extended through 2020 our license agreements with the national basketball association and for vince camuto dresses . in july 2016 , we signed a three-year extension through march 2020 of our license agreement with the national football league . this agreement includes men 's and women 's outerwear , starter men 's and women 's outerwear , men 's and women 's lifestyle apparel , hands high men 's and women 's lifestyle apparel , and touch by alyssa milano women 's lifestyle apparel . in february 2016 , we expanded our relationship with tommy hilfiger through a new license agreement for tommy hilfiger womenswear in the united states and canada . story_separator_special_tag impairment of long-lived assets in accordance with financial accounting standards board ( “ fasb ” ) accounting standards codification ( “ asc ” ) topic 360 — property , plant and equipment , we annually evaluate the carrying value of our long-lived assets to determine whether changes have occurred that would suggest that the carrying amount of such assets may not be recoverable based on the estimated future undiscounted cash flows of the businesses to which the assets relate . any impairment would be equal to the amount by which the carrying value of the assets exceeded its fair value . in fiscal 2018 , the we recorded a $ 6.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of our wilsons , g.h . bass and vilebrequin stores as a result of the performance at these stores . in addition , we recorded a $ 738,000 impairment charge with respect to furniture and fixtures located in certain customers ' stores . in fiscal 2017 , the company recorded a $ 10.5 million impairment charge related to leasehold improvements and furniture and fixtures at certain of our wilsons and g.h . bass stores as a result of the performance at these stores . equity awards all share-based payments to employees , including grants of restricted stock units and employee stock options , are recognized in the consolidated financial statements as compensation expense over the service period ( generally the vesting period ) based on their fair values . restricted stock units that do not have performance conditions are valued based on the quoted market price on date of grant . restricted stock units with performance conditions are valued with the assistance of a valuation expert . stock options are valued using the black-scholes option pricing model . the black-scholes model requires subjective assumptions regarding dividend yields , expected volatility , expected life of options and risk-free interest rates . these assumptions reflect management 's best estimates . changes in these inputs and assumptions can materially affect the estimate of fair value and the amount of our compensation expenses for stock options . 48 results of operations the following table sets forth selected operating data as a percentage of our net sales for the fiscal years indicated below : ​ ​ ​ 2018 ​ ​ 2017 ​ ​ 2016 ​ net sales ​ ​ ​ ​ 100.0 % ​ ​ ​ ​ ​ 100.0 % ​ ​ ​ ​ ​ 100.0 % ​ ​ cost of goods sold ​ ​ ​ ​ 62.4 ​ ​ ​ ​ ​ 64.8 ​ ​ ​ ​ ​ 64.2 ​ ​ gross profit ​ ​ ​ ​ 37.6 ​ ​ ​ ​ ​ 35.2 ​ ​ ​ ​ ​ 35.8 ​ ​ selling , general and administrative expenses ​ ​ ​ ​ 30.5 ​ ​ ​ ​ ​ 29.5 ​ ​ ​ ​ ​ 26.8 ​ ​ depreciation and amortization ​ ​ ​ ​ 1.3 ​ ​ ​ ​ ​ 1.4 ​ ​ ​ ​ ​ 1.1 ​ ​ asset impairments ​ ​ ​ ​ 0.3 ​ ​ ​ ​ ​ 0.4 ​ ​ ​ ​ ​ — ​ ​ operating profit ​ ​ ​ ​ 5.5 ​ ​ ​ ​ ​ 3.9 ​ ​ ​ ​ ​ 7.9 ​ ​ interest and financing charges , net ​ ​ ​ ​ ( 1.6 ) ​ ​ ​ ​ ​ ( 0.6 ) ​ ​ ​ ​ ​ ( 0.3 ) ​ ​ income before income taxes ​ ​ ​ ​ 3.9 ​ ​ ​ ​ ​ 3.3 ​ ​ ​ ​ ​ 7.6 ​ ​ income tax expense ​ ​ ​ ​ 1.7 ​ ​ ​ ​ ​ 1.1 ​ ​ ​ ​ ​ 2.8 ​ ​ net income ​ ​ ​ ​ 2.2 % ​ ​ ​ ​ ​ 2.2 % ​ ​ ​ ​ ​ 4.8 % ​ ​ ​ year ended january 31 , 2018 ( “ fiscal 2018 ” ) compared to year ended january 31 , 2017 ( “ fiscal 2017 ” ) net sales for fiscal 2018 increased to $ 2.81 billion from $ 2.39 billion in the prior year . net sales of our segments are reported before intercompany eliminations . net sales of our wholesale operations segment increased to $ 2.45 billion from $ 2.01 billion in the comparable period last year . net sales from our dkny and donna karan product lines accounted for $ 250.2 million in fiscal 2018 compared to $ 16.6 million in fiscal 2017 when we operated the business for only two months . the increase in net sales of our wholesale operations segment was also a result of a $ 138.6 million increase in net sales of tommy hilfiger licensed products primarily from our denim , women 's sportswear and women 's outerwear product categories , which were recently launched , as well as an increase in net sales in the men 's outerwear and dresses categories . the increase in net sales was also driven by a $ 85.7 million increase in net sales of calvin klein licensed products , primarily from dresses and women 's performance wear , and a $ 34.2 million increase in net sales of karl lagerfeld paris licensed products . these increases are offset , in part , by a $ 38.3 million decrease in net sales of private label products and a $ 15.7 million decrease in net sales of jessica simpson licensed products , for which the license agreement was terminated in june 2017. net sales of our retail operations segment increased to $ 502.5 million from $ 474.2 million in the same period last year . our retail operations report on a 52/53 week fiscal year . net sales increased by $ 6.9 million as a result of fiscal 2018 containing 53 weeks compared to 52 weeks in fiscal 2017. the remainder of the increase in net sales was due to $ 69.9 million in net sales

