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March 20, 2008
Guess Plans 245 New Stores As Earnings Climb
Shaking off the economic slowdown, Guess Inc. said that its fourth-quarter earnings climbed 20.3% while revenues soared 30.3% to $488 million.
Results for the quarter ended Feb. 2 capped a strong year for the retailer, leading to further expansion plans.
Guess said it wants to open 245 new stores this fiscal year: 185 abroad and 60 in the U.S. The company already opened 184 new doors last year.
Posted by Blacks on March 20, 2008 09:47 AM
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