Guess taps increase in net revenue | Retail News USA
Home » News » Retailers News » Guess Taps Increase In Net Revenue

Guess taps increase in net revenue

Share: 
      Newsletter

READ MORE ON Apparel RetailerFinancial ResultsGuessRetailer News USA

Guess

Image Courtesy: pinterest.com

US-based fashion brand Guess has unveiled results for its fourth quarter and fiscal year ended January 28, 2017. In the fourth quarter, the apparel retailer recorded GAAP net earnings of US $ 6.6 million, an 86.3 per cent decrease from US $ 47.8 million from the fourth quarter of fiscal 2016.

Total net revenue for the fourth quarter of fiscal 2017 however increased by 3.2 per cent to US $ 679.3 million compared to US $ 658.3 million in the prior-year quarter. In constant currency, net revenue increased by 4.3 per cent.

Total net revenue for fiscal year 2017 increased 0.2 per cent to US $ 2.21 billion compared to US $ 2.20 billion in the prior year. In constant currency, net revenue increased by 1 per cent.

Also ReadApparel retailer Guess’ revenue up 2.9%

Region-wise, Americas retail revenues decreased 4.7 per cent in US dollars and 4.1 per cent on constant currency basis. In the US and Canada, retail sales including e-commerce decreased 4.9 per cent in US dollars and 4.5 per cent in constant currency. Europe revenues improved 8.9 per cent in US dollars and 9.2 per cent in constant currency. Asia revenues increased 3.6 per cent in US dollars and 4.9 per cent in constant currency. Americas wholesale revenues also decreased 5.9 per cent in US dollars and 2.4 per cent in constant currency terms.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

Fashion brand Uniqlo Defers India Entry

Bad news has come for those who have been eagerly waiting for Japan-based fast fashion brand Uniqlo’s India entry. The fashion retailer has...

Spanish fashion brands Springfield, Women’ secret debut in India

Bengaluru has become the first Indian city to house the stores of Spanish fashion brands, Springfield and Women’secret. The former is a youth-oriented...

Border Adjustment Tax: NRF shows concern for small retailers

National Retail Federation (NRF), the world’s largest retail trade association, is concerned over the future of Border Adjustment Tax (BAT) and its impact...

Kids fashion retailer Gymboree to shut 350 stores

Plunging sales and rising competition from online retailers have resulted in yet another fashion chain Gymboree Corporation to close its 350 stores, mainly...

Struggling Fashion Chain Store Twenty One to Shut 122 More Stores

UK-based fashion chain Store Twenty One, owned by Indian textiles company Alok Group, has gone into liquidation. It will shutter its remaining 122...

Walmart to invest Rs 900 cr to open 15 stores in Maharashtra

American retail giant, Walmart, has signed a Memorandum of Understanding (MoU) with the Maharashtra State Government for retail expansion in the state. Under...

Plus-size menswear fails to stir the market; womenswear succeeds

A recent report by a retail analytics firm, Edited, highlights the poor growth of plus-size menswear over the last 5 years. The report...

Another 43 Stores to be shut by Sears, Kmart

Unable to with stand the struggling retail market and the emergence of online retailers like Amazon, American department store chain, Sears Holdings Corporation,...

Now True Religion boards bankruptcy protection bandwagon

America’s iconic denim label, True Religion Apparel Inc., has become the latest fashion retailer to have filed for bankruptcy protection. The fashion brand...

Amazon injects US $ 252 million in its Indian arm

Amazon, the US-based ecommerce giant, has made a staggering investment of US $ 252 (approx.) million in its local arm – Amazon Seller...