, it has arranged to take its businesses in Chile and Peru in house while driving its core operations in the fourth quarter and socking away some extra funds for shareholders.
Alberini stressed that the company has a “unique, diversified business model” that is working across “multiple product categories, geographies and channels of distribution.”is going to be on that platform, as the deal to buy the brand is expected to close this quarter., Guess cofounder and chief creative officer, has “jumped in with both feet” to work on the brand, the company’s first acquisition of an outside brand in its 43 years.
“We couldn’t be more impressed with the quality, expertise and depth of the leadership and of the overall organization, including store personnel,” he said. “We can’t wait to begin working together.”The retailer said its fourth-quarter net income increased 20 percent to $115.3 million. Adjusted earnings per share rose 16 percent to $2.01, coming in 45 cents ahead of the $1.56 analysts projected, according to FactSet.