Published
Dec 6, 2016
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Guess opens first store in Paraguay

Published
Dec 6, 2016

Guess on Thursday opened the doors to its first store in Paraguay at Centro Comercial Paseo La Galería in Asunción.


Guess first store in Paraguay at Centro Comercial Paseo La Galería in Asunción.


 
The 2,700-square-foot features Guess’ newest global retail store concept with bright high-tech lights and contrasting materials. The new layout, which launched this year, celebrates the company’s heritage with a contemporary and modern feel.
 
"Latin America represents great growth potential for the GUESS brand and our global portfolio.  Our partnership in Latin America with Starship spans over 22 years.  I am very enthusiastic in the growth opportunities and the potential that untapped territories such as Paraguay represent for GUESS," states Victor Herrero, CEO of GUESS?, Inc.

The new Asunción store is part of Guess’ distribution partnership with Starship Commercial S.A. that began in 1994, and it is the 47th store to open in Central and South America. Guess plans to complete its expansion in Latin America in the next few years.
 
Guess reported its third quarter results on Thursday, which met the low end of its expectations. The company struggled in the Americas region, but this was offset by positive performances in Asia and Europe.

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