Guess

The #MeToo movement and allegations of misbehavior has cost a legendary figure in fashion retailing his job.

An online menswear brand that is expanding its store footprint has expanded its senior team.      Vancouver, Canada-based Indochino has appointed Randy Binning as VP of retail operations. The 15-year Guess Inc. veteran most recently served as director of stores for Guess and Marchiano Canada. Prior that he was a regional director for Guess. Binning is charged with leading a consistent and exceptional customer experience across all locations and ensure continued profitability as the company continues to grow.  

Durham, North Carolina-based conglomerate The Guess Corp. is seeking to acquire at least 1,000 U.S. convenience store/ gas station units in the next 12 months.   Working through a subsidiary, the company is looking to acquire an average of 100 branded and unbranded units per month. Upon completion of the purchases, Guess Corp. intends to re-brand and renovate the properties with innovative and sleek designs and provide enhanced CRM technology. The company has invited brokers to provide buyer representation with higher commissions.

Guess Inc. swung from profit to net loss in the first quarter of fiscal 2017, missing analyst estimates for both net earnings and revenues.

The apparel retailer reported a net loss of $25.2 million, compared to net earnings of $3.3 million the same quarter a year earlier. Restructuring charges, a negative tax impact, and currency fluctuations helped push the retailer into the red.

The Cheesecake Factory is known for offering a wide variety of food items, and now is also expanding its range of payment options.

Starting in April, The Cheesecake Factory will roll out a new mobile payment app called CakePay. To use CakePay, guests will check in and receive a four-digit code they give to the server at the time their order is taken. The server will then enter the order and the code into the POS system.

The combination of an unspecified number of new stores, e-commerce and same store sales growth will enable Guess Inc., to surpass annual sales of $3 billion in three years, according to new CEO Victor Herrero.

Guess ended its most recent fiscal year with total sales of roughly $2.2 billion, but CEO Victor Herrero, who joined the company last July from Inditex, believes the company can add $800 million in worldwide volume in the next three years, despite sales and profit declines last year.

New York — Guess Inc. cited the negative impact of foreign currency fluctuations on earnings and sales in a difficult second quarter of fiscal 2016. Net earnings totaled $18.3 million, a 17% decrease compared to $22 million for the second quarter of fiscal 2015.

Total net revenue decreased 10%, from $608.6 million to $546.3 million. Same-store sales, including e-commerce, dropped 2.8% in the United States and Canada. In one bright spot, top-line e-commerce sales grew 20%.

Carrollton, Texas - In a move designed to offer its guests a more enhanced, robust and personalized experience both inside and outside of the restaurant, TGI Fridays has selected two new agencies – Made Movement (Made) and Meredith Xcelerated Marketing (MXM) – to manage all future digital marketing, e-mail and technology campaigns.

Los Angeles - The Court of Paris has rejected every claim asserted by Gucci in a six-year trademark suit filed against Guess Inc., finding no trademark infringement, no counterfeiting, and no unfair competition. The court also completely denied Gucci’s request for $62.4 million in damages and, instead, Gucci was ordered by the court to pay Guess $34,000.

The court also invalidated three of Gucci’s “G” community and international trademarks, meaning Gucci cannot claim exclusive use to those marks any longer.