Buoyed by strong sales in Europe, Guess Inc. Wednesday reported that fourth-quarter net income jumped 83 percent. The Los Angeles-based apparel retailer and wholesaler also issued 2010 guidance that was well above analysts’ estimates.
The firm said that for period ended Jan. 30, profits rose to $87.9 million, or 93 cents a diluted share, from year-ago levels of $48 million, or 51 cents a share. Excluding impairment charges, the company’s net earnings totaled $89.3 million, or 96 cents.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"