×
36 702
Fashion Jobs
GIII APPAREL GROUP
Accounts Payable Coordinator
Permanent · New York
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Mesa
SALLY BEAUTY CORPORATE
Dbe Barber Account Executive
Permanent · New York
SALLY BEAUTY CORPORATE
Dbe Barber Account Executive
Permanent · Nashville
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Eugene
SALLY BEAUTY CORPORATE
District Manager
Permanent · Winston-Salem
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Reno
CENTRIC BRANDS
Associate, Account Executive - Los Angeles (Hudson)
Permanent · Los Angeles
CENTRIC BRANDS
Area Manager - Bcbg - Texas
Permanent · New York
CENTRIC BRANDS
Senior Analyst - m&a - Business Development
Permanent · New York
CENTRIC BRANDS
Sales Manager, Bcbg - Division - Fashion Valley 624
Permanent · San Diego
ULTA BEAUTY
Prestige Sales Manager-Alabaster Promenade
Permanent · Alabaster
ULTA BEAUTY
Prestige Sales Manager-Shoppes of Mentor
Permanent · Mentor
ULTA BEAUTY
Prestige Sales Manager-Marshall's Plaza
Permanent · DeWitt
ULTA BEAUTY
General Manager-Lincoln Square
Permanent · Arlington
ULTA BEAUTY
Prestige Sales Manager-Water Tower Place
Permanent · West Des Moines
ULTA BEAUTY
Prestige Sales Manager-Ocean County Mall
Permanent · Toms River
ULTA BEAUTY
Retail Sales Manager-Water Tower Place
Permanent · West Des Moines
ULTA BEAUTY
Retail Operations Manager-Ocean County Mall
Permanent · Toms River
ULTA BEAUTY
Retail Operations Manager-Firewheel Town Center
Permanent · Garland
ULTA BEAUTY
Retail Sales Manager-Ocean County Mall
Permanent · Toms River
ULTA BEAUTY
General Manager-Maywood
Permanent · Maywood

Guess exceeds expectations in the first quarter, despite soft sales in the U.S.

Published
today May 25, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Guess Inc. exceeded expectations with its first quarter financial results. Revenues increased 2 percent to $459 million, with particular gains in Europe and Asia offsetting slower sales in the U.S.


Guess

 
The strongest increase in revenues for the Los Angeles-based company came from Europe, where revenues increased 23.3 percent. The Asian market saw a 16.9 percent increase. In a significant decrease, the company’s licensing revenues fell 9.3 percent. In the Americas, same-store sales (e-commerce included) were down 15%.

A narrower loss than expected was reported, at $21.3 million compared to the last fiscal year's loss of $25.2 million.

Guess has struggled to maintain relevancy in the U.S market. CEO Victor Herrero says the company will continue to attempt to improve its profitability in the U.S. and increase its appeal to millennial and Gen Z consumers. The company recently announced it would close 60 stores in the fiscal year of 2018 and rebrand its Marciano label as Marciano Los Angeles to appeal to a more sophisticated customer base.
 
“The Guess Brand has always been associated with Sexy, and Sexy is being more broadly interpreted where anyone can be sexy. Authenticity is “in,” and being real is more important than being perfect. The millennial and Gen Z consumer is seeking purpose-driven brands whose values align with their own. As always, we are adapting to this changing environment,” Herrero said of the evolving market.
 
For the following quarter, the company expects revenues to increase between 2 and 4 percent, with a total increase between 3.5 and 5 percent for the fiscal year of 2018. 

Copyright © 2019 FashionNetwork.com All rights reserved.