Content about Guess

May 29, 2014

Guess on Thursday reported a first-quarter net loss of $2.1 million, compared with net earnings of $9.9 million in the year-ago period, as sales fell in North America and Europe.

Los Angeles – Guess on Thursday reported a first-quarter net loss of $2.1 million, compared with net earnings of $9.9 million in the year-ago period, as sales fell in North America and Europe.

"First quarter earnings results were slightly better than our expectations,” said Paul Marciano, CEO. “We delivered revenues within the range of our guidance and managed our expenses tightly.”

Sales fell 4.8% at $522.5 million, compared with $548.9 million in the prior year.

March 19, 2014

Guess Inc. saw fourth-quarter profits slide 4% on softer sales in the three-month period.

San Francisco -- Guess Inc. saw fourth-quarter profits slide 4% on softer sales in the three-month period.

Net income fell to $69.6 million from $72.5 million, and revenue for the quarter ended Feb. 1 dipped to $768.4 million from $815.1 million. Revenue results still beat Wall Street expectations of $758 million.

 

December 4, 2013

Guess Inc. saw profit in the third quarter dip 3.4% to $35.4 million, from $36.6 million for the third quarter last year.

Los Angeles -- Guess Inc. saw profit in the third quarter dip 3.4% to $35.4 million, from $36.6 million for the third quarter last year. Results, however, surpassed company expectations.

"We are pleased to report better than expected third quarter earnings. We delivered revenues within the range of our expectations and through our continued focus on cost control have been able to deliver profitability at the high end of our expectations,” said Paul Marciano, CEO.

August 29, 2013

Guess Inc. reported net income for the second quarter above expectations due to improving sales in North America.

Los Angeles -- Guess Inc. reported net income for the second quarter above expectations due to improving sales in North America.

Net income fell 7% to $39.8 million, down from $42.9 million a year ago.

Overall sales rose 0.6% to $639 million. In North America, which accounts for about 40% of the chain’s revenue, retail sales were up 1%.

Same-store sales fell 2%, compared to a 10% drop in the first quarter.

May 23, 2013

How does a company whose strengths are more on the creative and design side than the technology side achieve strategic agility through the use of IT?

How does a company whose strengths are more on the creative and design side than the technology side achieve strategic agility through the use of IT? According to Michael Relich, executive VP and CIO of fashion retailer Guess?, a flexible approach that focuses more on solving business problems than on meeting technical specifications goes a long way toward getting the most business value from your IT investments.

April 12, 2013

Guess, Inc. has appointed Hillary Super as SVP, general merchandise manager for Guess, reporting to Paul Marciano, co-founder and CEO of Guess.

Los Angeles -- Guess, Inc. has appointed Hillary Super as SVP, general merchandise manager for Guess, reporting to Paul Marciano, co-founder and CEO of Guess.

In this role, Hillary will be responsible for product categories for Guess as the lead merchant for the company, and she will also be a key member of the Guess senior management team. Previously, Hillary spent six years in senior merchant roles at American Eagle and four years at Gap where she oversaw multiple brands and product categories.

 

April 10, 2013

American Eagle Outfitters said it has named Kitty Yung to the position of EVP/president of Asia Pacific, charged with supporting the chain’s global geographic and channel growth “while aligning with our strategic plan of fortifying core assets, growing North America and transforming to a global omni-channel competitor …,” said Robert Hanson, CEO.

Pittsburgh -- American Eagle Outfitters said Wednesday it has named Kitty Yung to the position of EVP/president of Asia Pacific, charged with supporting the chain’s global geographic and channel growth “while aligning with our strategic plan of fortifying core assets, growing North America and transforming to a global omni-channel competitor …,” said Robert Hanson, CEO.

December 28, 2012

CBL & Associates Properties and Horizon Group Properties announced that their jointly owned Outlet Shoppes at Atlanta will open one month earlier than previously announced – or on July 18, 2013.

Atlanta -- CBL & Associates Properties and Horizon Group Properties announced that their jointly owned Outlet Shoppes at Atlanta will open one month earlier than previously announced – or on July 18, 2013.

November 29, 2012

Guess Inc. reported a profit of $36.6 million for the third quarter, down 44.7% from net earnings of $66.3 million in the same period last year.

Los Angeles -- Guess Inc. reported Wednesday a profit of $36.6 million for the third quarter, down 44.7% from net earnings of $66.3 million in the same period last year.
 
Revenue fell 2.2% to $628.8 million, from $642.8 million in the prior-year quarter, but beating analysts’ expected $624.8 million in revenue. Retail sales in North America dipped 1.3% to $262.1 million. Same-store sales overall dropped 6%.
 
The company said economic pressures hurt consumer confidence in most of its markets.

 

November 2, 2012

Guess said that its COO J. Michael Prince and CFO Dennis Secor both have resigned the company to pursue other interests.

Los Angeles -- Guess said Thursday that its COO J. Michael Prince and CFO Dennis Secor both have resigned the company to pursue other interests.

Prince’s departure is effective Nov. 26 and Secor will stay until Dec. 7.

The company said it does not have any immediate plans to replace the COO position and will realign these responsibilities among various senior executives. Michael Relich, executive VP and CIO, will assume additional operational responsibilities, including logistics. 

November 2, 2012

Guess said that its COO J. Michael Prince and CFO Dennis Secor both have resigned the company to pursue other interests.

Los Angeles -- Guess said Thursday that its COO J. Michael Prince and CFO Dennis Secor both have resigned the company to pursue other interests.

Prince’s departure is effective Nov. 26 and Secor will stay until Dec. 7.

The company said it does not have any immediate plans to replace the COO position and will realign these responsibilities among various senior executives. Michael Relich, executive VP and CIO, will assume additional operational responsibilities, including logistics. 

August 22, 2012

Guess Inc. reported that its second-quarter profit fell to $42.9 million, from $60.7 million a year ago.

Los Angeles -- Guess Inc. on Wednesday reported that its second-quarter profit fell to $42.9 million, from $60.7 million a year ago. The company also lowered its full-year earnings outlook.

Total net revenue for the quarter ended July 28 fell 6.2% to $635.4 million, from $677.2 million.

The company’s retail stores in North America generated revenue of $253.0 million in the second quarter, down 3.1% from $261.1 million in the same period a year ago. Same-store sales fell 8.5%.

August 15, 2012

There’s no question about it: Shoppers will have more options than ever before when it comes to shopping this holiday, from where and how they shop to how they pay. Given the myriad of choices available, experts agree that one of the keys to a successful holiday season — and long-term survival — is customer engagement.

April 16, 2012

While there still is not enough new shopping center construction to warrant a “Fastest-Growing Developers” ranking system — as Chain Store Age provided for 20 consecutive years, from 1989 to 2008 — progress continues to be made.

March 14, 2012

Guess reported that net earnings dipped 7.2% to $95.9 million for the quarter ended Jan. 28, compared with $103.3 million a year earlier.

Los Angeles -- Guess reported Wednesday that net earnings dipped 7.2% to $95.9 million for the quarter ended Jan. 28, compared with $103.3 million a year earlier.

Revenue for the quarter edged up 2.5% to $775.8 million, from $756.9 million. Same-store sales dropped 5% in the quarter.

The retailer’s greatest strength came from the performance of its Asian segment, which saw revenue surge 27.5% to $70.6 million in the fourth quarter.

March 14, 2012

Guess reported that net earnings dipped 7.2% to $95.9 million for the quarter ended Jan. 28, compared with $103.3 million a year earlier.

Los Angeles -- Guess reported Wednesday that net earnings dipped 7.2% to $95.9 million for the quarter ended Jan. 28, compared with $103.3 million a year earlier.

Revenue for the quarter edged up 2.5% to $775.8 million, from $756.9 million. Same-store sales dropped 5% in the quarter.

The retailer’s greatest strength came from the performance of its Asian segment, which saw revenue surge 27.5% to $70.6 million in the fourth quarter.

March 9, 2012

Guess Inc. has grabbed onto the Pinterest social media tool to launch a new contest for its customer base.

Los Angeles -- Guess Inc. has grabbed onto the Pinterest social media tool to launch a new contest for its customer base.

The “Color Me Inspired” contest, for which Guess collaborated with four style bloggers, invites the Pinterest community to showcase how color inspires them for a chance to win a pair of color-coated denim from the Guess spring collection.

The one-week Pinterest campaign kicked off on March 8.
 

February 29, 2012

Guess Inc. has appointed Chet Kuchinad as chief people officer and Amber Tarshis as senior VP marketing.

Los Angeles -- Guess Inc. has appointed Chet Kuchinad as chief people officer and Amber Tarshis as senior VP marketing.

Kuchinad joined Guess on Feb. 1. His experience also includes senior executive roles at Nike and Starbucks Coffee Co.

Tarshis joined the company on Feb. 13. She most recently served as chief marketing officer for The Hub TV Network, a joint venture between Discovery Communications and Hasbro.
 

January 5, 2012

Apparel retailer Guess has implemented the VeriFone GlobalBay iPad Retailing solution, from VeriFone Systems, in a dozen stores in the United States, taken the technology on the road to Asia, and plans to expand the deployment widely in 2012.

San Jose, Calif. -- Apparel retailer Guess has implemented the VeriFone GlobalBay iPad Retailing solution, from VeriFone Systems, in a dozen stores in the United States, taken the technology on the road to Asia, and plans to expand the deployment widely in 2012. The apparel retailer is using the VeriFone solution to enable consumer interaction with iPads mounted on rolling stands that serve as self-service kiosks to its online and in-store products to enhance the overall shopping experience and generate additional sales.

January 5, 2012

Apparel retailer Guess has implemented the VeriFone GlobalBay iPad Retailing solution, from VeriFone Systems, in a dozen stores in the United States, taken the technology on the road to Asia, and plans to expand the deployment widely in 2012.

San Jose, Calif. -- Apparel retailer Guess has implemented the VeriFone GlobalBay iPad Retailing solution, from VeriFone Systems, in a dozen stores in the United States, taken the technology on the road to Asia, and plans to expand the deployment widely in 2012. The apparel retailer is using the VeriFone solution to enable consumer interaction with iPads mounted on rolling stands that serve as self-service kiosks to its online and in-store products to enhance the overall shopping experience and generate additional sales.

December 1, 2011

Guess Inc. said Wednesday that profit for the quarter ended Oct. 29 fell 4% as the clothing company's tax rate increased.

Los Angeles -- Guess Inc. said Wednesday that profit for the quarter ended Oct. 29 fell 4% as the clothing company's tax rate increased. The chain reported net income of $66.3 million, compared with $69.1 million in the year-ago period. The company's effective tax rate rose to 32.3% during the quarter from 29.1% a year earlier. As a result, the incomes taxes Guess paid rose 5% to $31.9 million.

August 25, 2011

Guess reported Wednesday that profit for the second quarter dipped 9.1% on a hefty settlement charge.

San Francisco -- Guess reported Wednesday that profit for the second quarter dipped 9.1% on a hefty settlement charge.

The retailer said that net income fell to $60.7 million from $66.8 million, as it was hit by a $19.5 million settlement charge.

Revenue for the quarter rose 17% to $677.2 million from $577.1 million, beating analysts’ estimates.

 

August 25, 2011

Guess reported Wednesday that profit for the second quarter dipped 9.1% on a hefty settlement charge.

San Francisco -- Guess reported Wednesday that profit for the second quarter dipped 9.1% on a hefty settlement charge.

The retailer said that net income fell to $60.7 million from $66.8 million, as it was hit by a $19.5 million settlement charge.

Revenue for the quarter rose 17% to $677.2 million from $577.1 million, beating analysts’ estimates.

 

August 23, 2011

Guess said Tuesday that it will open a new store in November at Pacific Place shopping center, in downtown Seattle.

Seattle – Guess said Tuesday that it will open a new store in November at Pacific Place shopping center, in downtown Seattle.

The shop will open on level 2 between Club Monaco and bebe and is one of three new store openings within a few months of each other at Pacific Place, which includes Kate Spade New York and Clarks, as well as a major remodel for Victoria’s Secret and the opening of its Pink boutique.

August 23, 2011

Guess said Tuesday that it will open a new store in November at Pacific Place shopping center, in downtown Seattle.

Seattle – Guess said Tuesday that it will open a new store in November at Pacific Place shopping center, in downtown Seattle.

The shop will open on level 2 between Club Monaco and bebe and is one of three new store openings within a few months of each other at Pacific Place, which includes Kate Spade New York and Clarks, as well as a major remodel for Victoria’s Secret and the opening of its Pink boutique.