Guess saw continued strong growth in their international business, particularly in Europe and Asia. The denim brand reported a 15% increase in international sales in the first quarter of 2023, compared to the same period last year..
This growth was driven by strong demand for the brand’s core denim and sportswear lines, as well as its newer categories, such as handbags and footwear. Guess also saw success with its e-commerce business, which grew by 20% in the first quarter..
Europe was a particularly strong market for Guess, with sales increasing by 20%. This growth was driven by strong demand in the UK, Germany, and France. Guess also saw success in Asia, with sales increasing by 15%. This growth was driven by strong demand in China, Japan, and South Korea..
Guess’s international business now accounts for over 60% of the company’s total sales. The company is continuing to invest in its international business, and plans to open new stores in key markets around the world..
In addition to its strong international sales, Guess also reported a 5% increase in sales in the Americas in the first quarter of 2023. This growth was driven by strong demand for the brand’s core denim and sportswear lines, as well as its newer categories, such as handbags and footwear..
Overall, Guess had a strong first quarter in 2023. The company’s international business continues to perform strongly, and the company is continuing to invest in its growth. Guess is well-positioned to continue to grow its business in the years to come..
