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guess news and archive

Report

Lead fashion licence management mogul FJ Benjamin to focus on online in Asia

New York – The global pandemic has forced many in the industry to shift gears and look for novel approaches to regain market share. Fashion brand rights management firm FJ Benjamin, which used to have just one online brand on its portfolio –is now leaving brick-and-mortar behind to focus on online markets across Asia. The fashion retailer has to...

Jun 15, 2020

Management

Guess Q1 loss widens, revenues drop 51.5 percent

Guess?, Inc. reported first quarter GAAP net loss of 157.7 million dollars, compared to 21.4 million dollars for the first quarter of fiscal 2020, while GAAP diluted loss per share was 2.40 dollars compared to 27 cents for the same prior-year quarter. For the first quarter, the company recorded adjusted net loss of 118.9 million dollars compared...

Jun 10, 2020

Report

Guess revenue drops 51.6 percent for Q1

The company said on Wednesday its Q1 net loss widened compared with the same period last year, while revenues decreased by 51.6 percent. The company's net loss for Q1 was -161 million dollars, surged from a loss of -21 million dollars a year earlier. Revenues dropped to 260 million dollars. Guess (NYSE: GES) is an American upscale clothing brand...

Jun 10, 2020

Fashion

J Balvin to add kidswear to Guess collaboration

Columbian singer J Balvin is adding kidswear designer to his resume, as his second collaboration with Guess will include summer styles for men, women and children. The collection inspired by the singer's new album, Colores will launch on June 5 and will centre around red, yellow, green, blue and purple tones, with tie-dye, stripes and colour...

May 26, 2020

Business

Guess to donate funds, clothing, and PPE in response to Covid-19

Fashion and lifestyle brand Guess and The Guess Foundation are partnering with organisations in the US and Europe to donate funds, clothing, and PPE, during the Covid-19 crisis as part of its #InThisTogether - Give, Protect and Inspire campaign. Its Covid-19 relief efforts includes donating more than 1,300,000 US dollars, as well as 150,000...

Apr 22, 2020

Management

Guess stock surges as Q4 earnings beat expectations

Shares of Guess Inc., rallied 7 percent in the extended hours on Wednesday after the company reported adjusted fiscal fourth-quarter earnings of 1.22 dollars compared to 70 cents in the fourth quarter of fiscal 2019 that were above Wall Street estimate of 1.12 dollars. Total net revenue for the quarter increased marginally by 0.6 percent to...

Mar 19, 2020

Report

All Guess stores in the US and Canada to close for two weeks

Guess, Inc. is temporarily closing all of its retail stores in the United States and Canada from March 17 through March 27 as a result of the COVID-19 outbreak. The company said in a statement that the closures follow similar temporary closures of Guess-operated stores that are currently in place in a number of countries in Europe, while in...

Mar 17, 2020

Fashion

First look: Jennifer Lopez for Guess, Inc. Spring 2020 campaign

Guess, Inc. has revealed the face of its latest campaign: Jennifer Lopez. The multifaceted cultural icon returns to the company for the Spring 2020 advertising campaign of Guess and Marciano worldwide. “Whenever I do a collaboration, I always think of a character that I can play and be and we had a lot of fun doing that with this campaign,”...

Jan 14, 2020

Fashion

Guess joins Make Fashion Circular initiative

Guess has announced a new commitment to sustainability in fashion production. The LA-based contemporary denim and apparel brand has joined Make Fashion Circular, an initiative started by the Ellen MacArthur Foundation to rethink sourcing and production in fashion. As part of its commitment, Guess will develop denim according to the Jeans...

Dec 5, 2019

Management

Guess unveils strategic plan to drive sales and profit growth

Guess, Inc. has announced a five-year plan containing long-term strategies and key initiatives to deliver global expansion, profit growth and value creation. As part of the fiscal 2025 strategic plan, the company’s priorities to drive revenue and operating profit growth over the next five years include brand relevancy, customer centricity,...

Dec 3, 2019

Management

Guess posts increase in Q3 earnings

Third quarter GAAP earnings at Guess?, Inc. of 12.4 million dollars rose 192.4 percent compared to GAAP net loss of 13.4 million dollars for the third quarter of fiscal 2019. GAAP diluted earnings per share increased 205.9 percent to 18 cents compared to GAAP diluted loss per share of 17 cents for the prior-year quarter. The company recorded...

Nov 27, 2019

People

Katie Anderson named new chief financial officer of Guess, Inc.

Guess, Inc. has announced the appointment of Katie Anderson to the role of chief financial officer, effective December 2. Anderson will replace Sandeep Reddy, who has been in the role for six and a half years and will exit the company on December 1. Anderson joins Guess from California Pizza Kitchen, where she has held the role of as chief...

Nov 6, 2019