Guess? news and archive

Guess to launch capsule collection with J Balvin

Columbian singer and Latin Grammy award winner, J Balvin has teamed up with global fashion brand Guess to launch his first fashion collection in February. The 42-piece vibrant capsule collection is inspired by Balvin’s chart-topping 2018 album, Vibras, and includes ready-to-wear and accessories for both men and women, which Guess states has been...

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Fashion

European Commission fines Guess almost 40 million euros in new crusade against online distribution restrictions

Brussels - On 17 December 2018, the European Commission fined the clothing company Guess 39.8 million euros for infringing EU antitrust rules by imposing restrictions on retailers’ ability to compete online. Concerns included ‘geo-blocking’ (i.e., restrictions on the EU territories into which retailers were allowed to sell Guess products),...

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Business

Guess fined 45 million dollars for blocking cross-border sales

Reuters has reported that European Union anti-trust regulators have fined Guess 45.3 million dollars for illegally blocking cross-border sales in Europe as part of a crackdown of illegal practices blocking e-commerce in the EU. Guess came under investigation in June 2017 after a year-long inquiry of cross-border online practices of 1900...

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Guess Q3 revenues increase 10.3 percent

American designer and distributor of apparel, denim, handbags, watches and footwear, Guess said on Wednesday its Q3 revenue for 2018 increased by 10.3. Net loss for the period was 13.4 million US Dollars compared to 2.9 million US Dollars from the same period last year, while adjusted net earnings increased by 1.6 percent to 10.6 million US...

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Guess adds two new independent directors to its board

Guess, Inc. has appointed two new independent directors to its board. The company said, Laurie Ann Goldman, former CEO of Spanx, Inc., and Deborah Weinswig, Founder and CEO of Coresight Research, each joined the Guess, Inc. board effective October 23, 2018. The company also added that Kay Isaacson-Leibowitz has retired as a member of its board...

Fashion

Guess takes its wardrobe recycling program with I:CO nationwide

After a successful launch in 63 stores in California in June, Guess and I:CO are expanding their recycling program “Resourced” to the rest of the United States. “Resourced” encourages customers to extend the life of their clothing and shoes by providing them with a 15 percent discount if they bring 5 or more used items of clothing and footwear...

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Guess opens doors to its 50th store in Mexico

Guess, Inc. has opened its 50th retail store in Mexico, as a part of brand’s strategic expansion plans in Latin America. Located in the new shopping center development, Paseo Queretaro in the state of Queretaro, the new store was launched on September 20, 2018. “We are proud to be opening our 50th store in Mexico with our partner, Grupo Axo,”...

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Management|INTERACTIVE

Guess Q2 revenues increase 13.7 percent

American designer and distributor of apparel, denim, handbags, watches, footwear Guess said on Wednesday its Q2 revenue for 2018 rose 13.7 percent, while GAAP net net earnings rose by 67.8 percent from the same period last year. On an adjusted basis, the company's net earnings increased 83.5 percent to 29.5 million dollars. Hover over the graph...

Fashion

Long awaited Guess and Sean Wotherspoon collaboration hits retailers

The latest pieces from Guess and Sean Wotherspoon’s colorful line of ‘90s sendup pieces have hit online retailers. Inspired by California’s rich landscape, the collection was initially unveiled at a Los Angeles Farmer’s Market event in May. Featuring color blocked hoodies, T-shirts and dyed denim jackets - many of the items are adorned with...

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Management|ANÁLISIS

Guess? Inc. se gana a los turistas chinos en EE.UU. con pagos móviles

Guess? Inc. ha apostado fuertemente por China como mercado estratégico y por los consumidores chinos como su primera prioridad a la hora de ganarse a los turistas adinerados en otros mercados internacionales. El grupo de moda se ha asociado con el gigante de pagos Alipay – propiedad del grupo chino Alibaba Group y operado por su subsidiaria de...

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Management|ANALYSIS

Guess? enhances its mobile payments in the U.S. to win over wealthy Chinese tourists

Guess? Inc. has bet strongly on China, both as a strategic market and as the home for one of the wealthiest shoppers groups it targets worldwide. The fashion group has partnered with Alipay to offer mobile payments its Chinese customers are used to at its most popular stores across the U.S. Guess? Inc. has recently announced a partnership with...

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Business

Guess & Alipay partner up to simplify payments for Chinese tourists in the US

Guess Inc. has announced a collaboration with China’s leading digital payment platform, Alipay, which is owned by Ant Financial Services Group. Through the partnership, Chinese tourists visiting the United States will be able to pay for their purchases at more than 50 Guess shops using the Alipay app -- just like they would at home. “Guess is a...