NEW YORK —?A sharp drop-off in wholesale revenues drove Guess Inc. into the red for the fourth quarter and fiscal year, but the company’s president held out hope that its growing chain ofstores and new staffing on the wholesale side will lead to better results in 2003.

“There is no question that the economic environment, particularly at retail, remains uncertain,” Carlos Alberini, who is also chief operating officer, said in a conference call with stock analysts.

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