Guess news and archive

Guess to repurchase 175 million dollars of shares

Clothing brand Guess? Inc. (GES) said Monday that it has moved ahead with its accelerated share repurchase or ASR to buy back 175 million dollars of its shares. Carlos Alberini, CEO of Guess said: "As a result of this execution, we are pleased to be able to return significant value to our shareholders, which remains a key priority for our Board....

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Video: Guess holiday campaign

In this video, Guess has released its holiday campaign. Watch the video below. Video: Guess via YouTube Photo credit: Image: Guess via YouTube

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Video: Guess Gen Z Lab

GUESS Europe, Lifestyle-Tech Competence Center (LTCC), and Microsoft announced the launch of the GUESS Z Lab, an innovative concept designed to collaborate and co-create with Generation Z. The first workshop took place on 20 May 2021 at the GUESS Europe headquarters in Bioggio and was attended by the students from USI's Master in Digital Fashion...

BusinessFeatured

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...

Business

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...

BusinessFeatured

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...

Fashion Featured

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...

BusinessFeatured

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...

BusinessFeatured

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...

Fashion

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...

Business

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...

BusinessFeatured

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...