Guess's Struggle Continues; Reports Loss In Q1 Fiscal 2015

North American retail comparable sales declined by 4% due to low store traffic on account of weak fashion and severe cold at the start of the quarter. In Europe, the uncertain economic environment and political turmoil in Russia and Ukraine subdued the slight recovery Guess witnessed in the previous quarter. Overall revenues from the region fell 8% in constant currency and operating margins shrunk by 1%.