Guess Archives - Inside Retail Asia
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.
Southeast Asian fashion group FJ Benjamin opened five new online stores for recognised international fashion labels, with more to come, as it pivoted online in the wake of trading restrictions during the Covid-19 crisis.
Sales by Guess in Asia rose by 32.3 per cent during the first half of this year.
Guess and Alipay will enable Chinese travellers in the US to pay using the Alipay app at more than 50 Guess stores.
Guess and Alibaba Group bring AI to the fashion world in a store of the future at Hong Kong.
Sands Cotai Central has opened phase four of its retail offer, adding almost 100,000sqft of retail space and 25 retailers.
Continued momentum in Asia has helped boost revenues for Guess Inc for its first quarter.
RSun Business Group, a subsidiary of Hongyang Group, is to relaunch its integrated mall RSun Plaza in Nanjing.
Guess co-founder Paul Marciano has stepped away from the business while allegations of sexual misconduct are investigated.
Dutch department store operator Topshelf appears to be closing down.
Guess sales in Asia and Europe offer “a lot of opportunity” and will continue to grow in double digits into next year, the company predicts.
Despite a drop in revenue, FJ Benjamin’s net loss for its latest fiscal year has narrowed to S$17.42 million.