Guess? reported F3’21 (to Oct. 31) revenues which fell by 7.6% year over year but “significantly exceeded our expectations” according to CEO Carlos Alberini. The revenues also beat consensus estimates for a 16.2% decline. Panjiva’s data shows U.S. seaborne activity linked to the firm climbed 12.2% year over year in September and improved by a further 7.5% in October. The firm has moved to a single product offering globally which will “significantly cut product development costs throughout our supply chain” as well as reorienting to athleisure during the pandemic. That’s been visible in s...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.