Guess news and archive

Guess showcases ski collection with a high-altitude fashion show

Fashion and lifestyle brand Guess unveiled its winter ski capsule collection with a high-altitude fashion show at the recently relaunched Glacier 3000, a ski resort destination in Switzerland. The show saw more than 20 models showcasing the Guess skiwear collection while walking along the iconic Peak Walk, the only suspension bridge in the world...

ManagementFeatured

Guess reports Q3 loss, forecasts earnings below analysts' estimate

For the third quarter, Guess recorded a GAAP net loss of 23.4 million dollars and GAAP diluted net loss per share of 47 cents. Adjusted net earnings were 17.7 million dollars, down 35 percent, while adjusted diluted EPS decreased 31 percent to 34 cents. Net revenue for the quarter increased 13 percent to 738.5 million dollars. In constant...

Fashion

Guess launches online clothing recycling programme

Fashion brand Guess has launched a new online clothing recycling programme for customers in the US in partnership with SuperCircle, the textile recycling platform powering consumer trade-in for brands and retailers. The ‘Guess Again’ initiative has been designed to complement the brand’s in-store customer recycling programme in the US and Canada...

ManagementFeatured

Guess earnings decline, adjusts outlook to reflect 'softer consumer environment'

For the second quarter, Guess recorded a GAAP net loss of 10.6 million dollars and GAAP diluted net loss per share of 28 cents, while adjusted net earnings were 23 million dollars, a 42 percent decrease from 39.7 million dollars and adjusted diluted EPS decreased 42 percent to 42 cents. Total net revenue for the quarter increased 10 percent or...

Report

Guess CFO steps down, Dennis Secor takes over on interim basis

Guess has appointed Dennis Secor as interim chief financial officer, effective August 26, 2024. Secor, the company said in a release, is a proven finance leader with deep knowledge of the apparel industry. He has previously served as Guess CFO from 2006 to 2012 and as interim CFO from April 2022-July 2023. Secor will succeed Markus Neubrand, who...

Report

Guess Q1 revenues beat expectations, but losses widen

American brand Guess has reported its financials for the first quarter of fiscal year 2025, during which its revenues and earning per share “exceeded” expectations, according to CEO Carlos Alberini. In a release, Alberini said the strong results in these areas were driven by a “remarkable performance” in the Licensing and Americas wholesale...

Report

Guess appoints Andrew Rosen as executive chair of Rag & Bone

Guess has announced the appointment of Andrew Rosen as executive chair of the Rag & Bone brand. Guess and global brand management firm WHP Global recently completed the acquisition of New York-based Rag & Bone, which operates as an independent brand within the Guess portfolio. While Guess owns the brand's operating assets, it jointly owns the...

Retail|In Pictures

In Pictures: A look inside the first Guess Jeans store worldwide

Guess Jeans is taking the first step towards its own retail network. Guess' sister brand has chosen Amsterdam as the location for its first own monobrand store. Each Guess Jeans shop will be "remarkably different" from those of big sister Guess, as per the press release. The opening in Amsterdam marks the beginning of a series of brand store...

Retail|In Pictures

Guess sets up shop in South Africa for next DestinationGuess location

American ready-to-wear brand Guess has unveiled the location of its next '#DestinationGuess'. After setting up shop in a number of European beach clubs and ski resorts over the last few months, the label is now settling in South Africa. In collaboration with its long-standing partner Marcolin, specialists in the production and distribution of...

ManagementFeatured

Guess surprises with strong sales and profit growth

Thanks to a strong final quarter, the US fashion group Guess Inc. was able to exceed market expectations in the 2023/24 financial year. On Wednesday evening, the company also announced the prospect of double-digit sales growth for the current year. In the past financial year, which ended on 3 February, group sales reached 2.78 billion dollars....

ManagementFeatured

Guess and WHP team up to acquire Rag & Bone

American label Guess and brand management firm WHP Global have come together on a definitive agreement to acquire New York fashion brand Rag & Bone. As part of the agreement, Guess, which will contribute 56.5 million dollars, will acquire the Rag & Bone operating assets, while both Guess and WHP will jointly and equally own the brand’s...

Retail

Guess reopens at the Forum Shops at Caesars Palace in Las Vegas

Fashion and lifestyle brand Guess has reopened its store at the iconic Forum Shops at Caesars Palace in Las Vegas. The revamped two-story 12,413 square-foot store located in the center of Las Vegas's leading shopping destination reflects Guess's ongoing commitment to elevating its brand and store concept. Featuring trend-led mainline collections...