USA: Guess ?, Inc Reports July Retail Sales Increase of 48.6 Per Cent

Guess ?, Inc (NYSE:GES) today reported total July retail sales of $38.7m for the five week period ended August 5, 2000, an increase of 48.6 per cent over sales of $26m for the comparable five week period ended July 31, 1999. The current July period included retail sales of Guess Canada of $2.8m. During July, comparable store sales, excluding Guess Canada, increased 11.8 per cent, which was against a 18.5 per cent comparable sales increase in July 1999. The company's full priced retail stores generated a 16.9 per cent comparable store sales increase while the factory outlet stores recorded a 2.6 per cent comparable store sales increase. Guess ?, Inc designs, markets, distributes and licenses a leading lifestyle collection of contemporary apparel, accessories and related consumer products.