|
|||||||
Guess Source: Wikipedia.org |
|||||||
Guess Home brand
Improved salesIn the 2000s, the company promoted a different look and sense of style, while the controversy that surrounded the company during the nineties (see below) was largely forgotten. As the marketing ads grew increasingly sexier, Guess's sales began to take a turn for the better. In 2005, Guess began catching the eye of many new people (mainly teens) who were unaware of Guess's earlier history. Since mid-2003, the Guess stock has continuously risen, eliciting nothing but positive reviews from stock holders and Wall Street, though the wider community has more mixed opinions. Recently, the clothing and accessories company has redesigned itself, offering several new aspects to the company. Since Guess was looking to make its impact once again on the fashion market, the Marciano brothers called upon hotel heiress and fashion mogul Paris Hilton to feature in a new series of ads.
In November 2006, Guess introduced their Marciano men's line, which is available exclusively through Guess.com, and select Guess and Marciano retailers throughout the country. As of November 2006 the new men's collection features button up shirts, blazers, and dress pants. The men's line will, like the women's line, be developed and manufactured in Florence, Italy; and will be available for a higher price. As of January 2007, the Marciano men's line was pulled from Guess? stores due to lackluster sales. The merchandise was marked down, and will be sent to factory outlet stores upon deletion. After the success of the fragrance line which included scents for both men and women, Smesh? introduced two new fragrances. Guess Gold was the latest addition to the women's collection, while Guess Suede was the second installment for the men's fragrance. scents retail for around $50 and are available in several retail locations. With their Spring 2007 collection, Guess entered a new phase with their GC watch collection. The newest additions are in response to the growing demand for designer watches featuring eye-catching designs, and high-end prices. The new watches help to expand the popular GC collection, and help to separate it from the mid-price watches Guess has come to be known for. Moving away from the traditional steel material used to produce the majority of Guess? watches, the company along with Callanen International, the producer of Guess? watches have introduced gold, silver, and diamonds into the designs. The new products are all Swiss made, and boast a much higher pricer. The GC men's collection now range between $200 and $1,200, while the women's watches are being sold between $200 and $1,000. TAG Heuer, Dolce & Gabbana, and Fendi all place the highest on Guess's competition with entry level high-end watches. D&G, in late 2006 launched a massive campaign promoting their new D&G watch collection, marketing on such TV During the first half of 2007, Guess introduced a new line, G by Guess. In October 2008, they opened up at Westfield Shopping Centre in London and there are plans to open a branch in Regent Street for autumn 2009. In 2012, supermodel Claudia Schiffer posed again for Guess black and white ads marking the brand's 30th anniversary. Controversy - Sweatshop allegationsDuring the 1980s, the company's image was damaged when allegations of sweatshop labor use surfaced. Guess was quickly marked as a major offender. In 1992, Guess contractors faced litigation from the US Department of Labor (DOL) due to failure to pay their employees the minimum wage or adequate overtime. Rather than face a court case, $573,000 in back wages was paid to employees. Soon afterward, Guess promised to monitor their contractors for illegal activity, and the company earned a place on the US DOL's 'Trendsetters List', but this position was suspended several years later in 1996 after independent inspectors found violations of regulations at seven of the company's contractors. In the same year the company was sued by the Union of Needletrades, Industrial and Textile Employees (UNITE), again due to the failure to pay the minimum wage or overtime to workers. The settlement, supervised by the US Department of Labor, saw the reinstatement of 8 workers found to have been illegally fired and another $80,000 in back pay given to workers, but almost immediately afterward Guess announced that it was moving its sewing production to Mexico. The company denied that the move was related to these court cases, but its public image continued to suffer. Throughout the nineties, UNITE continued a public relations campaign against Guess, focusing on the experiences of former employees. Billboards subsequently appeared in Las Vegas, Los Angeles, and New York featuring a photograph of Rage Against the Machine with the caption "Rage Against Sweatshops: We Don't Wear Guess – A Message from Rage Against The Machine and UNITE. Injustice. Don't buy it." Eventually, Guess countered with a defamation suit against Unite and several of its officials, while in 1997 the company ran full-page ads in many major American newspapers claiming that its contractors were "guaranteed 100% free of sweatshop labour". The wording of these ads was changed after federal authorities complained that the claims had not been made by anyone in the government and had no official status. Guess especially began expanding in the less competitive and increasingly lucrative European and Japanese markets. RestatementOn February 14, 2000, the company restated its figure in income statement of 1999. "Ski Colombia: Always Plenty of Fresh Powder" T-shirtsIn 2005 Guess pulled a line of t-shirts from the market after Erika Becker-Medina, a DC area resident and government employee, spearheaded a campaign calling for the boycott of the company. "Ski Colombia: Always Plenty of Fresh Powder" was designed on the t-shirts released by the company in the second quarter of 2005, apparently in reference to Colombia's drug-trafficking problem. Guess distributed letters of apology.
|
|||||||
|
|||||||
Sponsored by: 27 Water Street Wakefield, MA 01880 (781) 245-3200 (781) 224-7552 (fax) info@flowresearch.com |
|||||||
|