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The retail climate in America has been harsh over the past few years. Anchor stores – that is, the main stores that tend to see at both sides of the Commercial Center – have been closed with standard numbers.
No one could have predicted the long -term effect of Covid 2020 and how shopping habits would change, and perhaps forever.
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The epidemic kept people at home, and we all started relying on online shopping comfort for everything from groceries and books to clothes and makeup.
Traffic in shopping centers is no longer to prenatal levels, and it is difficult to remain profitable if no one is going through your door.
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Anchic retailers such as JCPENNEYMACY’s and Kohl’s faced winds and closed multiple sites, as well as specialized stores such as Victoria’s secret.
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Jeans guess for women have been common for decades
Although it is not a store drawn in the United States ’shopping centers or anywhere, the specialized retail company has more than 1500 stores all over the world, and it has been a major center for decades. The company was founded in 1981 by the four Marcian brothers, who moved to the United States from France.
The brothers launched their company in one style of jeans for women, “The Marilyn” – perhaps the original slim Jean? – The zipper appeared in the ankles.
Jeans were a wardrobe that had to have the “eighties of the last century” and “girls in the nineties”, where its popularity was partially driven by the provocative ads of the brand. After its launch, the jeans were sold quickly, and the company added other patterns in the end, as well as accessories such as shoes, handbags and wrist watches.
The company now has many brands under an umbrella, including Marciano and G through guessing, along with the first acquisition of it, Rag & Bone, which it obtained in 2024, in partnership with WhP Global. WhP Global also has other popular brands like Joe’s Jeans and G-Star, among others.
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Almost half of the guessing stores are in Europe and the Middle East. There are 398 other stores in Asia Pacific and 221 in the United States, including 54 stores in California.
Two Marciano brothers still own the company, although CEO Carlos Albrini has a large share of the company.
Guess the stores will be closed in North America
In the fiscal year 2024, the total of guessy revenues 3.3 % on an annual basis increased to $ 2.78 billion But the profits decreased in the fourth quarter, when Guitt witnessed a 30 % net profit on an annual basis to 84 million dollars.
In a call this month, Albrini said that the company will close 20 weak -performance stores this year throughout North America. He said that some stores will be closed when their lease contracts will end and the company will work with the owners out of others.
The affected sites were not shared publicly.
Albrini was martyred “decreased traffic” in retail stores as a cause of closure, but he also said during the call that guessing was planning to open new stores in Tokyo and West Hollywood.
“For the whole year, we expect the US dollar revenue to grow in the range between 3.9 % and 6.2 %, with the Core Guess and Rag & Bone brand significantly to this growth,” he said.
You will close the stores by locking about $ 30 million in operating profits in the fiscal year 2027, according to Albini.
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