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Wired News - Guess' Partners with Alibaba to Bring Artificial Intelligence to Fashion World

LONDON, UK / ACCESSWIRE / July 11, 2018 / If you want access to our free research report on Guess', Inc. (NYSE: GES), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GES as the Company's latest news hit the wire. On July 09, 2018, the Company announced that it has partnered with Alibaba Group Holding Ltd (NYSE: BABA) ("Alibaba"), to bring a new artificial intelligence (AI)-driven concept to the fashion world that combines online and offline shopping behaviors. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Guess' and Alibaba Group Holding most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:



Concept Store Showcasing Alibaba's FashionAI Technology has been Set Up

On July 04, 2018, Alibaba launched the pilot FashionAI concept shop on the Hong Kong Polytechnic University (PolyU) campus, pairing Guess' extensive retail knowledge and latest collections with advanced Alibaba AI and other technologies on the sidelines of the 2018 Fashion and Textile Conference. The FashionAI concept store featured smart racks, smart mirrors, and next-generation fitting rooms. Alibaba'sFashionAI system underpins the stores, offering up mix-and-match clothing and accessory suggestions for customers from the Guess' line, as well as items sold by others on Tmall and Taobao, China's biggest B2C and C2C platforms, respectively. Users checked in to the store with their mobile Taobao QR code and all the items displayed in-store came with corresponding Taobao product listings, so that users could add the items they would like to purchase directly to their Taobao cart.

Besides the FashionAI concept store's futuristic appeal, the project was aimed at providing a better retail experience for shoppers and to help brands better use analytics in ordering and maintaining inventory.

Guess' and Alibaba Share the Same Vision to Understand Customer Behaviors through Technologies

Zhuoran Zhuang, Vice President of the Alibaba Group, stated that Guess' and Alibaba share the same vision to understand customer behaviors through technologies. With Guess' retail expertise, Alibaba is able to train and refine its FashionAIsystem, and marry technology with fashion in a way that has never been done before. Zhuang added that both Companies are looking forward to deepening their partnership to innovate personalized services offered in retail shops.

Guess' and Alibaba's Collaboration

The comprehensive partnership began in 2013 with the launch of Guess' in Tmall, which is China's largest open business-to-consumer (B2C) platform. Through over five years of strong partnership, Guess' and Alibaba have seen highly successful results, including Guess' status as one of the most popular brands in the fashion apparel category on Tmall. Guess' store on Tmall has achieved more than 100% compounded growth over the last three years. Incorporating online-to-offline (O2O) New Retail concepts have also resulted in an overall strong performance and growth for Guess' in the Asia/Pacific region.

About Guess', Inc.

Founded in 1981 and headquartered in Los Angeles, California, Guess' designs, markets, distributes, and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, 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.

About Alibaba Group Holding Ltd

Established in 1999, Alibaba is a Chinese multinational ecommerce, retail, Internet, AI, and technology conglomerate that provides consumer-to-consumer, business-to-consumer, and business-to-business sales services via web portals, as well as electronic payment services, shopping search engines, and cloud computing services. It owns and operates a diverse array of businesses around the world in numerous sectors.

Stock Performance Snapshot

July 10, 2018 - At Tuesday's closing bell, Guess'' stock marginally advanced 0.73%, ending the trading session at $22.00.

Volume traded for the day: 548.67 thousand shares.

Stock performance in the previous six-month period - up 33.58%; past twelve-month period - up 85.81%; and year-to-date - up 30.33%

After yesterday's close, Guess'' market cap was at $1.78 billion.

Price to Earnings (P/E) ratio was at 45.93.

The stock has a dividend yield of 4.09%.

The stock is part of the Services sector, categorized under the Apparel Stores industry. This sector was up 0.1% at the end of the session.


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