The Americas Retail revenues of Guess increased 0.9 per cent in US dollars and 1.2 per cent in constant currency in the second quarter. Retail comp sales including e-commerce increased 2 per cent in constant currency. Americas Wholesale revenues increased 22.3 per cent in US dollars and 22.4 per cent in constant currency. Europe revenues increased 9.1 per cent in US dollars and 14.1 per cent in constant currency. Retail comp sales including e-commerce decreased 3 per cent in US dollars and increased 1 per cent in constant currency. Asia revenues increased 0.6 per cent in US dollars and 5.2 per cent in constant currency. Retail comp sales including e-commerce decreased 13 per cent in US dollars and 8 per cent in constant currency, said Guess in a media statement.
"I am very pleased with our second quarter financial performance, which delivered strong operating profit growth. This performance exceeded our expectations and was driven by a solid top line increase, strong margin performance and effective expense management. During the quarter we increased revenues by 6 per cent in US dollars and 9 per cent in constant currency. Overall, our direct-to-consumer businesses, which include stores and e-commerce, performed in line with our expectations in all regions and our wholesale businesses in the Americas and Europe delivered a very strong performance compared to our expectations. Based on our second quarter performance, our strong inventory position and our expectations for the Fall and Holiday seasons, we are raising our guidance for the full year," said Carlos Alberini, chief executive officer of Guess.
"As we previously communicated, our team is finalising our strategic business planning process and we plan to share our findings and key strategic initiatives by the end of October. I look forward to sharing these findings and I couldn't be more excited to update you on our company's opportunities for global growth, profit improvement and value creation," added Alberini.
Guess designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, eyewear, footwear and other related consumer products. (PC)
Fibre2Fashion News Desk – India
| On 22nd Sep 2021
Apparel exporters in Bangladesh are expecting significant losses for...
| On 22nd Sep 2021
A business delegation from Ukraine’s Khmelnitsky recently expressed...
India will turn the third largest importer by 2050 with a share of...
Delay in adopting water sustainability both financially & environmentally...
Switch was not 100% pandemic related
Multi-functional garments will be next big thing
Established in 2000 as a liaison with the Government of India, Industree...
Headquartered in Apt, South of France, Delta Plus designs, manufactures...
Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...
Michaela Griggs & Peggy Schulz
Founded in 1929, Barco Uniforms started as an apparel company for beauty...
UK-based Directa Plus is one of the largest producers and suppliers...
Garware Technical Fibres Ltd
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
The creations by <b>Aprajita Toor</b> were born out of a deep desire to...
Abhishek Bajaj & Samiksha Bajaj
Samshek is a fashion forward tech brand which combines digital experience...
<b>Anjali Bhaskar</b> has an experience of 12 years in the fashion...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.