Guess Inc. sees huge opportunities ahead for its Rag & Bone business, but its Guess Americas retail component failed to meet company expectations due to softer consumer spending in the second quarter.“We are extremely pleased with how the business performed and how the assimilation of the business onto our platform is progressing,” Guess CEO Carlos Alberini said during an investor conference call following the posting of second-quarter results. He said the brand contributed solid growth for the company and that results were “driven by a great performance of the wholesale business, which experienced strong demand of new product in key categories from multiple customers.” In contrast, Alberini said the direct-to-consumer business came in “slightly below” company expectations.Paul Marciano, co-founder and chief creative officer, said in a statement that the company has already started adding product categories to the Rag & Bone portfolio and has plans to “accelerate store openings both domestically and abroad.”Alberini said the company is also increasing its marketing investments to support the international expansion of its brands, including the new additions to its portfolio, Guess Jeans and Rag & Bone. (ICE NEW YORK)

Fonte notizia: SJ