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By the end of 1982, the Marcianos had sold some $12 million dollars of their jeans.
Maurice was the chairman and chief executive officer and, at the same time, oversaw the design direction and was the inspiration for the company's spirited and successful expansion since 1982.
In 1982 they entered the menswear market through a licensing agreement with Jeff Hamilton, Inc., which marketed a line of men's clothing under the Guess name in exchange for a seven percent royalty fee.
To raise cash, the Marcianos sold a 50% stake in Guess for $4.7 million in 1983 to the Nakash brothers, owners of Jordache, an established clothier, which already had plants in Hong Kong.
By 1984, sales at Guess had reached $150 million, with the price of Guess jeans climbing as high as $85 per pair, but the partnership between the two sets of brothers had already soured.
In the 1985 Robert Zemeckis movie, Back to the Future, Marty McFly (Michael J Fox) wore Guess’s denim clothing, which was reportedly designed specifically for the film.
Relaunching its menswear line in 1986, Guess began to make inroads in that market as well, placing its products in men's departments of most major department stores.
Despite Guess' legal distractions, sales continued to grow, reaching $350 million in 1987, with profits of $100 million.
Georges, who had left the company briefly in 1988, sold his 40 percent share of the company to his brothers for an estimated $200 million.
A second trial was set for May 1990 to determine damages.
By 1990 sales reached an estimated $575 million.
With their resources freed up, the Marcianos increased their advertising budget to $22 million in 1991.
The company also expanded its retail chain, to 33 stores by the end of 1991, including its European flagship store in Florence, Italy.
As for the photographers, they’ve ranged from established names like Ellen Von Unwerth to student Daniela Federici, who was plucked from film school by Paul Marciano in 1992 to shoot Anna Nicole Smith.
Meanwhile, Guess stores had also been growing, to an average of 3,500 square feet, and to 61 stores by the end of 1995, including a 7,000 square-foot store in Hawaii's Ala Moana Center and an 8,400 square-foot store in the Woodfield Mall in Schaumburg, Illinois.
Technically, Guess went public in 1996.
Basic per-share earnings in the first quarter of 1998 were $0.19, versus basic net earnings per share of $0.33 in the prior year.
By 1998 nearly 10 percent of company revenues came from licensing royalties.
Plans were underway to open about 30 new stores in 1998.
Guess started, in early 1999, its first virtual retail (e-commerce) store at its web site, http://www.
However, the company's fortunes began to plummet near the end of 2000 when sales declined over increased competition.
Known for quality, marketing creativity, and popularizing new trends and styles, the company had seen increased competition throughout its markets during the first few years of 2000.
While the Marcianos had never shared power with anyone, they found a valuable lieutenant in Carlos Alberini, who had spent time at Bon-Ton and the corporate entity that became CVS before joining Guess in 2000.
While the majority of its previous business was selling wholesale products to department stores, Guess began to make its retailing sector its main activity in 2001.
At the end of 2002, Guess operated a total of 249 stores in the United States and Canada, consisting of 171 full-price retail stores, 11 kids stores and 67 factory outlet stores.
The company's actions and investments began to show positive returns when comparable store sales for the year grew 9.3 percent as compared with 2002.
In 2003 left the GUESS company to take part in a different project Involving
In 2004, the company expanded with a new retail concept for its contemporary collection called Marciano.
In 2004, Guess celebrated the 20th anniversary of its watch collection, issuing a special-edition Guess watch.
The company introduced Guess for Women in the spring of 2005.
Guess introduced the Guess for Men line in the spring of 2006.
That left Maurice and Paul--but Maurice, 66, stepped down from his co-CEO role with Paul in 2007, becoming chairman while also focusing on his 55-acre Napa Valley estate and winery.
The first, Maurice's, was in 2007.
In 2007, the G by GUESS retail concept was born, gaining its Southern California aesthetic from the Marciano brothers' personal passion for the young, California lifestyle they so enjoyed when they first moved to America.
While Maurice toiled in Napa, Alberini left in June 2010 to run Restoration Hardware.
In 2012, 23 years after first posing for the brand, supermodel Claudia Schiffer posed again for Guess' black-and-white ads marking the brand's 30th anniversary.
In 2015, it was announced that founder Paul Marciano will be stepping down from his position as CEO with Victor Herrero as his carefully selected replacement, in August of that same year.
In 2017, Camila Cabello was announced as the new face of Guess.
As of 2018, Jennifer Lopez is the new face of Guess.
In 2019, it was announced that Victor Herrero will be stepping down from his position as CEO with Carlos Alberini selected as his replacement, in February 2019.
BCA: GUESS Watches will donate $20.00 for each 2019 Ladies Sparkling Pink Timepiece Style #U0032L9.
Offer valid through July 31, 2020.
"Guess?, Inc. ." Company Profiles for Students. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/economics/economics-magazines/guess-inc
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Abercrombie & Fitch Co | 1892 | $4.9B | 44,000 | 2,599 |
| Ralph Lauren | 1967 | $6.6B | 18,250 | 384 |
| Gap Inc. | 1969 | $15.1B | 117,000 | 34 |
| True Religion | 2002 | $467.3M | 50 | 39 |
| Victoria's Secret | 1977 | $6.2B | 97,000 | 619 |
| 7 For All Mankind | 2000 | $17.0M | 350 | 42 |
| The Donna Karan Company LLC | 1984 | $440.0M | 3,000 | - |
| Gapkids & Baby | 1969 | $15.1B | 117,000 | - |
| Eddie Bauer | 1920 | $1.0B | 10,000 | 197 |
| Retail | 1980 | $1.9B | 14,000 | - |
Zippia gives an in-depth look into the details of GUESS, including salaries, political affiliations, employee data, and more, in order to inform job seekers about GUESS. The employee data is based on information from people who have self-reported their past or current employments at GUESS. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by GUESS. The data presented on this page does not represent the view of GUESS and its employees or that of Zippia.
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