GUESS Announces Loss of More Than $20 Million USD Despite A$AP Rocky Cosign

And share prices are down 39% over the last 12 months.

By
Fashion
20,606 Hypes 0 Comments

LA-based GUESS has reported a loss of $21.3 million USD in the first three months of the fiscal year despite an overall revenue of $458.6 million USD during the same quarter. The bad news caps off a less than perfect year for the brand, with share prices down 39% over the course of the last 12 months despite the success of its ongoing ’90s-influenced collaboration with A$AP Rocky. Since the A$AP cosign first dropped last year, the collections have been highly sought after and quickly sold out with the most recent GUESS Originals x A$AP Rocky pack only dropping earlier this month.

If you want to see more about the brand’s collab with A$AP Rocky, you can watch an inside look at the shoot for the latest GUE$$ Club collection.

Read Full Article

What to Read Next

An On-Feet Look at the NikeLab ACG 07 KMTR
Footwear

An On-Feet Look at the NikeLab ACG 07 KMTR

In Cool Grey and Golden Beige.

Euphoric Scenes From the 2017 Europa League Final
Sports

Euphoric Scenes From the 2017 Europa League Final

A good day for the Red Devils.

'The Get Down' Is Cancelled by Netflix After Just One Season
Entertainment

'The Get Down' Is Cancelled by Netflix After Just One Season

The show’s expensive production costs were apparently to blame.


Vetements Drops a $160 USD Basic "Staff" T-Shirt
Fashion

Vetements Drops a $160 USD Basic "Staff" T-Shirt

Show your allegiance.

Watch Kevin Spacey and Gordon Ramsay Have a Swear off While Eating
Entertainment

Watch Kevin Spacey and Gordon Ramsay Have a Swear off While Eating

For Ramsay’s new show, ‘The F Word.’

Bella Hadid Is California Dreamin' in Her New Nike Cortez Campaign
Fashion

Bella Hadid Is California Dreamin' in Her New Nike Cortez Campaign

The It model shows you how she styles the classic runner.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.