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Guess reports steep decline in profit

American upscale fashion retailer Guess reports a decline in net earnings of 51.5 %  in the first 9 months of 2014, to US$40.6 million ( 32.7 million euro ) . Sales revenues decreased 5.5 % , to 1,7 billion  (1.3 billion euro ). In the third quarter, Guess recorded profits down 39 % to US$20.8 million dollars (16.7 million euro) and a turnover of US$589.9 million ( 475.7 million euro) , marking an ebb of 4 % compared to 613.5 million dollars ( 494.8 million euro) in the same period last year.

Guess by Marciano, Fall Winter 2014-15

 

 

 

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