Educated guess.L.A.-based Guess Inc. may be a victim of its own success. The maker of trendy, high-priced Adj. 1. high-priced - having a high price; "costly jewelry"; "high-priced merchandise"; "much too dear for my pocketbook"; "a pricey restaurant" pricey, pricy, costly, dear mall fashions said same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. were up 4 percent in August and company sales were up 9 percent to $58 million. That apparently wasn't good enough for Wall Street, since analysts had projected an 8 percent increase. Company stock was hovering hov·er intr.v. hov·ered, hov·er·ing, hov·ers 1. To remain floating, suspended, or fluttering in the air: gulls hovering over the waves. 2. around $40 Thursday, down from $46 earlier in the week. The company credited a higher percentage of full-priced merchandise getting sold. Guess is sticking with its third-quarter projection of a 20 percent increase in sales, however, and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Carlos Alberini said the August performance is perfectly in line with his firm's guidance and that the third quarter would reflect strong sales from Europe. "We are exactly where we wanted to be," he said, while admitting a slow start on the fall season. "We feel back to school is a little delayed this year, probably because of weather." The jeans company fell out of favor at the turn of the century, when it was known for turning models like Anna Nicole Smith into cultural icons A cultural icon is an object or person which is distinctive to, or particularly representative of, a specific culture. An example is the bowler hat which could be considered an English cultural icon. Others include tea, The Beatles and association football. . Over the past year, based on its strong growth and loyal customer base, its stock has risen 120 percent. The earnings news was not so good for Hot Topic Inc., which reported a 6 percent loss in same-store sales, slightly beyond the 5.7 percent loss projected by analysts. The skull-and-bones motif motif, in literature motif (mōtēf`), in literature, term that denotes the recurrent presence of certain character types, objects, settings, or situations in diverse genres and periods of folklore and literature. featured by the City of Industry-based rock-style clothing manufacturer may he losing steam. Another concern for the 10-year-old public company is that it is struggling while many teen retailers are up. L.A.-based American Eagle Outfitters, for example, posted 11 percent same-stores sales growth for August. |
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