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Marcolin and Guess renew eyewear license agreement

Marcolin and Guess have announced the early renewal of their license agreement for the design, manufacture and worldwide distribution of Guess and Marciano sunglasses and optical frames. Commenting on the development, Fabrizio Curci, CEO and general manager of Marcolin, said: “This renewal underlines the importance and value of working with a...

Jun 10, 2021

Management

Guess swings to Q1 profit as sales recover

US fashion retailer Guess has swung to a profit in the first quarter of the year as its sales almost doubled compared to last year’s Covid-impacted levels. The LA-based company reported net earnings of 12 million dollars for the quarter ended May 1, compared to a loss of 157.7 million dollars reported last year when the pandemic was more...

May 28, 2021

News

Guess and Microsoft collaborate to launch Guess Z Lab

Guess Europe, the Lifestyle-Tech Competence Center (LTCC) and Microsoft have launched the Guess Z Lab, an innovative concept conceived to collaborate and co-create with Gen Z. The first workshop took place at Guess Europe’s headquarters in Bioggio, Switzerland and included 32 students from Ticino universities USI and SUPSI. A second workshop...

May 24, 2021

Management

Guess Q4 earnings fall, revenues drop 23 percent

For the fourth quarter of fiscal 2021, Guess recorded GAAP net earnings of 70.4 million dollars, an 11.5 percent decrease from the fourth quarter of fiscal 2020. The company said, GAAP diluted earnings per share decreased 9.3 percent to 1.07 dollars for the quarter compared to 1.18 dollars for the same prior-year quarter, while adjusted net...

Apr 1, 2021

Fashion

Guess collaborates with FriendsWithYou on capsule collection

Guess is collaborating with fine art collective FriendsWithYou on an “expansive” spring 2021 collection featuring statement apparel and accessories for men and women. The 81-piece capsule collection will launch in April and will feature “colourful silhouettes and fabrications,” explains Guess in the press release, as well as spreading the...

Mar 29, 2021

Fashion

Guess enlists fitness star Jen Selter for spring campaign

Guess has launched a new activewear collection with social media guru and fitness advocate Jen Selter as the star. The spring 2021 activewear collection includes matching two-piece sets in various colors, with sports bras, leggings, tank tops, and zip jackets. Guess says the collection is meant for the perfect athleisure look that is...

Feb 5, 2021

Management

Guess earnings jump in the third quarter

For the third quarter of fiscal 2020, Guess recorded GAAP net earnings of 26.4 million dollars, a 112.3 percent increase compared to 12.4 million dollars for the third quarter of fiscal 2020. GAAP diluted earnings per share increased 127.8 percent to 41 cents compared to 18 cents for the same prior-year quarter. Guess said in a statement that...

Dec 3, 2020

Fashion

Introducing the GUESS Originals Fall 2020 collection : A modern take on vintage Guess

The Fall 2020 GUESS Originals collection re-envisions styles through GUESS vintage graphics designed in the ‘90s. Complementing the retro motif, campaign images were shot using film and Polaroids and featured props from the iconic decade at a Palm Springs inspired bungalow. The campaign highlights vibes nostalgic of the end of summer accompanied...

Sep 14, 2020

Management

Guess Q2 turnover declines by 41.6 percent

For the second quarter, Guess Inc., recorded GAAP net loss of 20.4 million dollars compared to GAAP net earnings of 25.3 million dollars for the second quarter of fiscal 2020, while GAAP diluted loss per share was 31 cents compared to GAAP diluted earnings per share of 35 cents for the same prior-year quarter. The company said in a statement...

Sep 2, 2020

Report

Guess non-exec chair Maurice Marciano steps down after bike accident

Guess, Inc. has announced that Maurice Marciano, co-founder and non-executive Chairman of the board of Guess is stepping down from his position after he was recently injured in a bicycle accident near his home in Napa Valley. Commenting on the development, Paul Marciano, Chief Creative Officer and Director for Guess, said in a statement: “After...

Aug 17, 2020

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