Guess Succumbs to European Weakness

Apparel retailer Guess (GES) unraveled after the company reported in-line results for the fiscal second quarter of 2013 and issued a disappointing forecast for the third quarter. For the period ended July 28, Guess reported profit of $42.9 million, or 49 cents a share, down from $60.7 million, or 65 cents a share a year [...]