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Retail Asia16/06/2020

Guess Asia sales are recovering post-Covid-19, but the company will be exiting some stores in the region when leases come up for renewal, as part of a worldwide network trim of 100 outlets. The store closures represent about 9 percent of the global fleet and will take place over the next 18 months. CEO Carlos […]

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Retail Asia14/02/2019

Iconic American fashion brand Guess Inc. announced that its chief executive officer and director, Victor Herrero, is leaving the company effective February 2, 2019. Carlos Alberini, who served as Guess’s president and chief operating officer more than ten years ago, will replace Herrero. “On behalf of the Board of Directors, I want to thank Victor […]

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Retail Asia13/09/2018

Guess Inc. announced on Wednesday that its total second-quarter sales lifted by double digits, pushed on by comparable sales growth in Europe and Asia. The Los Angeles-based company said total revenues increased 14% to $645.9 million with Asia recording the highest growth percentage in the quarter. Total revenues in the region lifted 32%, while comparable sales […]

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Retail Asia06/09/2018

Guess has returned to profit in the first half of this year, with high rate of growth in Asia-Pacific a key factor. Sales by Guess in Asia rose by 32.3 per cent during the first half of this year, expressed in US dollars, and by 27.1 per cent in constant currency, with same-store sales up […]

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Retail Asia02/07/2018

Sands Cotai Central has opened phase four of its retail offer, adding almost 100,000sqft of retail space and 25 retailers. At the heart of the expansion is an Apple store, which opens today. The new space is home to several brands new to Macao: Calvin Klein Performance and Razzle. Other stores to open are MLB, […]

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Retail Asia18/06/2018

Guess Jeans is expanding its Farmers Market concept to global stores until the end of next month. Created by Guess and vintage streetwear collector Sean Wotherspoon, the collection features reworked items from the Guess archives developed in the ’80s and ’90s, with a colour palette derived from the Californian landscape. Key pieces include hoodies, denim […]

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Retail Asia04/06/2018

Continued momentum in Asia has helped boost revenues for US clothing brand Guess Inc for its first quarter, to May 5. As the company continued to take advantage of its infrastructure investments in China and Japan, its operating margin in Asia improved by 430 basis points. Asia revenues increased 32.6 per cent in US dollars […]

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Retail Asia23/02/2018

Guess co-founder Paul Marciano has stepped away from the business for an indefinite period while an investigation takes place into allegations of improper conduct. Marciano denies the allegations which have not been detailed by Guess. However Retail Dive has reported that actress and model Kate Upton, who has worked for the brand, accused Marciano of sexual harassment […]

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Retail Asia27/11/2017

Dutch department store operator Topshelf appears to be closing down. The company has announced its last store in Alkmaar will close in mid-January, following the shuttering of stores in Arnhem, Nijmegen and Groningen. The company has not filed for bankruptcy and it says it will continue to employ existing staff as it quits remaining stock. […]

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Retail Asia24/11/2017

American fashion brand Guess’ third quarter turnover grew more than 3 %, mainly thanks to excellent sales in Asia and Europe. It did post a net profit loss however. Drop in America Guess’ total third quarter turnover reached 554.1 million dollars (470 million euro), which represents a 3.3 % turnover growth. European and Asian sales […]

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Retail Asia28/08/2017

Guess Asia sales rose 17.5 per cent in the second quarter – and its operating margin improved in the region as well. Reporting its results for the three months to July 29, CEO Victor Herrero said global revenues rose 5.3 per cent to US$573.7 million and operating profit by 49 per cent year-on-year, both figures […]

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Retail Asia18/11/2016

An international group is seeking to invest in Singapore brand-management company FJ Benjamin, which has such brands as Bell & Ross, Givenchy, Guess and Tom Ford in its portfolio. FJ Benjamin says it has entered into a non-binding term sheet, a document that sets out the terms and conditions under which an investment will be […]

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Retail Asia27/10/2016

Penang will gain its first premium outlet mall, Design Village, next month. In Batu Kawan in mainland Penang, it will be the biggest outlet mall in Malaysia. It was developed by PE Land, which owns and runs The Spring shopping mall in Kuching. The outlet mall is on a mixed-use site that will include a […]

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Retail Asia11/05/2016

Fashion brand Guess Malaysia has revamped its Suria KLCC branch to incorporate its contemporary white store concept. US-headquartered Guess, launched in Malaysia in 1992, now has 33 stores in the market – 20 Guess, seven Guess Accessories and six Guess Kids. Its its new minimalist 2300 sqft (214 sqm) space, Guess KLCC carries ready-to-wear styles […]

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Retail Asia02/12/2015

The retail industry has been a minefield lately, with many companies reporting tough results. Jeans specialist Guess? hasn’t been immune from the problems facing retail peers like Gap , and coming into its fiscal third-quarter financial report, Guess? investors were bracing for substantial declines in earnings and revenue. In the end, the company didn’t do […]

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Retail Asia24/10/2015

Shoe marketer Stella International has reported increased sales in the second quarter on the back of growing demand for sports fashion footwear. In the three months to September 30, consolidated revenue from its China retail business and its manufacturing operations amounted to US$569 million, up 4.3 per cent year on year. For the nine months […]

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