Karen Neuburger Appointed to Guess?, Inc.'s Board of Directors
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Karen Neuburger Appointed to Guess?, Inc.'s Board of Directors

LOS ANGELES, July 12 /PRNewswire-FirstCall/ -- Guess?, Inc. (NYSE: GES) announced that its Board of Directors has appointed Karen Neuburger to its Board, increasing the number of current directors to seven and bringing to four the number of independent directors who meet the independence standards established by the applicable rules of the Securities and Exchange Commission and the New York Stock Exchange. Ms. Neuburger will also serve on the Board's Nominating and Governance Committee and its Compensation Committee.

Ms. Neuburger is currently majority owner and President of Karen Neuburger, Inc., a sleepwear, loungewear and lifestyle company with over $100 million in sales. Prior to founding her own company, she held executive positions with Maurice's, a chain of women's apparel stores in Duluth, Minnesota, and Eber International, a junior sportswear manufacturing company.

"We are delighted that Karen Neuburger has joined our Board," said Maurice Marciano, Co-Chairman and Co-Chief Executive Officer. "Karen is a seasoned and highly accomplished retail executive with outstanding judgment and extensive experience in apparel merchandising, marketing and brand-building. She will be a valued addition to our Board, assisting us with our continued growth plans."

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, accessories and related consumer products. At June 26, 2004, the Company owned and operated 264 retail stores in the United States and Canada. The Company also distributes its products through better department and specialty stores around the world. For more information about the Company, please visit www.guess.com.

Except for historical information contained herein, certain matters discussed in this press release 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 (including licensed 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, 2003 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.

For further information please contact Carlos Alberini, President & Chief Operating Officer, +1-213-765-3582, or Frederick G. Silny, SVP & Chief Financial Officer, +1-213-765-3289, both of Guess?, Inc.; or Wendi Kopsick of Kekst and Company, +1-212-521-4800, for Guess?, Inc.

SOURCE  Guess?, Inc.
    -0-                             07/12/2004
    /CONTACT:  Carlos Alberini, President & Chief Operating Officer,
+1-213-765-3582, or Frederick G. Silny, SVP & Chief Financial Officer,
+1-213-765-3289, both of Guess?, Inc.; or Wendi Kopsick of Kekst and Company,
+1-212-521-4800, for Guess?, Inc./
    /Web site:  http://www.guess.com /
    (GES)

CO:  Guess?, Inc.; Karen Neuburger, Inc.
ST:  California
IN:  FAS TEX HOU REA
SU:  PER

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3299 07/12/2004 18:31 EDT http://www.prnewswire.com