LOS ANGELES--(BUSINESS WIRE)--Nov. 6, 2002--Guess?, Inc. (NYSE:GES) today reported that total retail sales for the five weeks ended November 2, 2002 were $35.3 million, an increase of 4.1% from sales of $34.0 million for the five weeks ended November 3, 2001.

Comparable store sales for the October period decreased 2.5%, in line with the Company's previously announced expectation of a decrease in the low single digits. Comparable store sales for the Company's full priced retail stores increased 2.2%, and comparable store sales at the factory outlet stores decreased 13.0%.

Guess?, Inc. designs, markets, distributes and licenses one of the world's leading lifestyle collections of contemporary apparel, accessories and related consumer products.

Except for historical information contained herein, certain matters discussed in this press release including but not limited to the Company's expected results of operations and plans to reduce costs and estimated charges, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are only expectations, and involve known and unknown risks and uncertainties, which may cause actual results in future periods and other future events to differ materially from what is currently anticipated. Factors which may cause actual results in future periods to differ from current expectations include, among other things, the continued availability of sufficient working capital, the successful integration of new stores into existing operations, the continued desirability and customer acceptance of existing and future product lines, possible cancellations of wholesale orders, the success of competitive products, and the availability of adequate sources of capital. In addition to these factors, the economic and other factors identified in the Company's most recent annual report on Form 10-K for the fiscal year ended December 31, 2001 including but not limited to the risk factors discussed therein, could affect the forward-looking statements contained herein and in the Company's other public documents.

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