Guess?, Inc. Provides COVID-19 Business Update

Guess?, Inc. (NYSE: GES) announced today that, after careful consideration for its customers, store associates and communities, it will temporarily close all of its retail stores in the United States and Canada from March 17 through March 27 as a result of the COVID-19 outbreak. All retail associates at these locations will continue to receive full pay and benefits for their scheduled shifts during this temporary closure.

The closures follow similar temporary closures of Guess-operated stores that are currently in place in a number of countries in Europe. In Asia, where store closures related to COVID-19 began, most of the Guess-operated stores have reopened.

During this time, customers can continue to shop online through the Guess, Marciano, Guess Factory and gbyguess websites.

The Company has been following guidance from local government and health organizations, including encouraging all associates in the corporate office to work remotely.

Carlos Alberini, Chief Executive Officer, stated, “During these extraordinary times, the health, safety and well-being of the Guess community is our most important priority. With that in mind, we will continue to remain flexible in order to adapt to this rapidly changing and unprecedented situation. We are thankful to the entire Guess family for their dedication and are confident that we will get through this together. We urge everyone to stay safe and look forward to coming together again soon.”

About Guess?

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, eyewear, footwear and other related consumer products. Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world. As of February 1, 2020, the Company directly operated 1,169 retail stores in the Americas, Europe and Asia. The Company’s partners and distributors operated 560 additional retail stores worldwide. As of February 1, 2020, the Company and its partners and distributors operated in approximately 100 countries worldwide. For more information about the Company, please visit www.guess.com.