Guess' (GES) 10-Q 3 Sep 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Aug. 01, 2015	Sep. 01, 2015
Document and Entity Information
Entity Registrant Name	GUESS INC
Trading Symbol	GES
Entity Central Index Key	912,463
Document Type	10-Q
Document Period End Date	Aug. 1, 2015
Amendment Flag	false
Current Fiscal Year End Date	--01-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		85,759,076
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Current assets:
Cash and cash equivalents	$ 470,946	$ 483,483
Accounts receivable, net	198,735	216,205
Inventories	335,460	319,078
Other current assets	85,013	92,593
Total current assets	1,090,154	1,111,359
Property and equipment, net	241,579	259,524
Goodwill	33,766	34,133
Other intangible assets, net	8,009	9,745
Long-term deferred tax assets	66,513	68,747
Other assets	123,591	117,897
Total assets	1,563,612	1,601,405
Current liabilities:
Current portion of capital lease obligations	4,840	1,548
Accounts payable	159,244	159,924
Accrued expenses	155,132	140,494
Total current liabilities	319,216	301,966
Long-term debt and capital lease obligations	2,057	6,165
Deferred rent and lease incentives	78,820	81,761
Other long-term liabilities	99,721	117,630
Total liabilities	499,814	507,522
Redeemable noncontrolling interests	$ 5,349	$ 4,437
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $.01 par value. Authorized 10,000,000 shares; no shares issued and outstanding	$ 0	$ 0
Common stock, $.01 par value. Authorized 150,000,000 shares; issued 139,975,804 and 139,559,000 shares, outstanding 85,763,440 and 85,323,154 shares, as of August 1, 2015 and January 31, 2015, respectively	858	853
Paid-in capital	459,838	453,546
Retained earnings	1,247,339	1,265,524
Accumulated other comprehensive loss	(142,804)	(127,065)
Treasury stock, 54,212,364 and 54,235,846 shares as of August 1, 2015 and January 31, 2015, respectively	(518,778)	(519,002)
Guess, Inc. stockholders’ equity	1,046,453	1,073,856
Nonredeemable noncontrolling interests	11,996	15,590
Total stockholders’ equity	1,058,449	1,089,446
Total liabilities and stockholders' equity	$ 1,563,612	$ 1,601,405

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 01, 2015	Jan. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	139,975,804	139,559,000
Common stock, shares outstanding	85,763,440	85,323,154
Treasury stock, shares	54,212,364	54,235,846

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Income Statement [Abstract]
Product sales	$ 520,937	$ 581,779	$ 973,896	$ 1,078,707
Net royalties	25,327	26,792	51,192	52,405
Net revenue	546,264	608,571	1,025,088	1,131,112
Cost of product sales	348,147	391,794	661,486	738,104
Gross profit	198,117	216,777	363,602	393,008
Selling, general and administrative expenses	171,916	186,919	333,048	365,127
Earnings from operations	26,201	29,858	30,554	27,881
Other income (expense):
Interest expense	(729)	(772)	(1,164)	(1,297)
Interest income	239	320	511	725
Other income, net	3,708	4,766	6,334	3,647
Total other income	3,218	4,314	5,681	3,075
Earnings before income tax expense	29,419	34,172	36,235	30,956
Income tax expense	10,940	11,900	13,769	10,871
Net earnings	18,479	22,272	22,466	20,085
Net earnings attributable to noncontrolling interests	190	318	836	232
Net earnings attributable to Guess, Inc.	$ 18,289	$ 21,954	$ 21,630	$ 19,853
Net earnings per common share attributable to common stockholders (Note 2):
Basic (in dollars per share)	$ 0.21	$ 0.26	$ 0.25	$ 0.23
Diluted (in dollars per share)	$ 0.21	$ 0.26	$ 0.25	$ 0.23
Weighted average common shares outstanding attributable to common stockholders (Note 2):
Basic (in shares)	85,004	84,573	84,985	84,536
Diluted (in shares)	85,290	84,799	85,132	84,765
Dividends declared per common share (in dollars per share)	$ 0.225	$ 0.225	$ 0.45	$ 0.45

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 18,479	$ 22,272	$ 22,466	$ 20,085
Foreign currency translation adjustment
Gains (losses) arising during the period	(20,933)	(19,708)	(21,636)	2,542
Derivative financial instruments designated as cash flow hedges
Gains (losses) arising during the period	5,721	1,867	4,426	(812)
Less income tax effect	(1,137)	(515)	(768)	106
Reclassification to net earnings for (gains) losses realized	(3,523)	290	(5,759)	815
Less income tax effect	511	391	812	370
Marketable securities
Losses arising during the period	(7)	(40)	(14)	(66)
Less income tax effect	3	15	6	25
Reclassification to net earnings for gains realized	0	0	0	(87)
Less income tax effect	0	0	0	33
Defined benefit plans
Actuarial gain	11,378	0	11,378	0
Less income tax effect	(4,352)	0	(4,352)	0
Actuarial loss amortization	430	235	943	469
Prior service credit amortization	(39)	(58)	(97)	(116)
Curtailment	(1,651)	0	(1,651)	0
Less income tax effect	522	(68)	373	(135)
Total comprehensive income	5,402	4,681	6,127	23,229
Less comprehensive income (loss) attributable to noncontrolling interests:
Net earnings	190	318	836	232
Foreign currency translation adjustment	(236)	(284)	(600)	117
Amounts attributable to noncontrolling interests	(46)	34	236	349
Comprehensive income attributable to Guess, Inc.	$ 5,448	$ 4,647	$ 5,891	$ 22,880

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014
Cash flows from operating activities:
Net earnings	$ 22,466	$ 20,085
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization of property and equipment	35,363	41,363
Amortization of intangible assets	1,080	1,291
Share-based compensation expense	8,052	7,613
Unrealized forward contract gains	(1,979)	(1,047)
Net (gain) loss on disposition of long-term assets and property and equipment	(171)	5,986
Other items, net	167	847
Changes in operating assets and liabilities:
Accounts receivable	12,943	42,381
Inventories	(21,791)	(43,485)
Prepaid expenses and other assets	(5,624)	(8,484)
Accounts payable and accrued expenses	18,432	(30,286)
Deferred rent and lease incentives	(2,455)	(442)
Other long-term liabilities	(9,747)	(5,459)
Net cash provided by operating activities	56,736	30,363
Cash flows from investing activities:
Purchases of property and equipment	(24,963)	(32,316)
Changes in other assets	1,768	319
Proceeds from sale of investment	0	598
Acquisition of businesses, net of cash acquired	(846)	(309)
Net cash settlement of forward contracts	6,814	(842)
Net cash used in investing activities	(17,227)	(32,550)
Cash flows from financing activities:
Payment of debt issuance costs	(945)	0
Proceeds from borrowings	581	786
Repayment of capital lease obligations and borrowings	(756)	(3,720)
Dividends paid	(38,520)	(38,455)
Noncontrolling interest capital distributions	(3,830)	0
Issuance of common stock, net of nonvested award repurchases	(1,052)	619
Excess tax benefits from share-based compensation	79	148
Net cash used in financing activities	(44,443)	(40,622)
Effect of exchange rates on cash and cash equivalents	(7,603)	1,383
Net change in cash and cash equivalents	(12,537)	(41,426)
Cash and cash equivalents at the beginning of the year	483,483	502,945
Cash and cash equivalents at the end of the period	470,946	461,519
Supplemental cash flow data:
Interest paid	508	870
Income taxes paid	$ 14,590	$ 46,208

Basis of Presentation

Basis of Presentation	6 Months Ended
	Aug. 01, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of management, the accompanying unaudited condensed consolidated financial statements of Guess?, Inc. and its subsidiaries (the “Company”) contain all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the condensed consolidated balance sheets as of August 1, 2015 and January 31, 2015 , the condensed consolidated statements of income and comprehensive income for the three and six months ended August 1, 2015 and August 2, 2014 and the condensed consolidated statements of cash flows for the six months ended August 1, 2015 and August 2, 2014 . The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information and the instructions to Rule 10-01 of Regulation S-X of the Securities and Exchange Commission. Accordingly, they have been condensed and do not include all of the information and footnotes required by GAAP for complete financial statements. The results of operations for the three and six months ended August 1, 2015 are not necessarily indicative of the results of operations to be expected for the full fiscal year. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended January 31, 2015 . The three and six months ended August 1, 2015 had the same number of days as the three and six months ended August 2, 2014 . All references herein to “fiscal 2016 ,” “fiscal 2015 ” and “fiscal 2014 ” represent the results of the 52 -week fiscal year ending January 30, 2016 and the 52 -week fiscal years ended January 31, 2015 and February 1, 2014 , respectively. Principles of Consolidation The condensed consolidated financial statements include the accounts of Guess?, Inc., its wholly-owned direct and indirect subsidiaries and its non wholly-owned subsidiaries and joint ventures in which the Company has a controlling financial interest and is determined to be the primary beneficiary. Accordingly, all references herein to “Guess?, Inc.” include the consolidated results of the Company, its wholly-owned subsidiaries and its joint ventures. All intercompany accounts and transactions are eliminated during the consolidation process. Reclassifications The Company has made certain reclassifications to prior year amounts to conform to the current period presentation within the accompanying notes to the condensed consolidated financial statements. New Accounting Guidance In April 2014, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which raises the threshold for disposals to qualify as discontinued operations. Under this new guidance, a discontinued operation is (1) a component of an entity or group of components that have been disposed of or are classified as held for sale and represent a strategic shift that has or will have a major effect on an entity’s operations and financial results, or (2) an acquired business that is classified as held for sale on the acquisition date. This guidance also requires expanded or new disclosures for discontinued operations, individually material disposals that do not meet the definition of a discontinued operation, an entity’s continuing involvement with a discontinued operation following disposal and retained equity method investments in a discontinued operation. The Company adopted this guidance effective February 1, 2015. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements for the three and six months ended August 1, 2015 . In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition that requires companies to exercise judgment when considering contract terms and relevant facts and circumstances. The five-step model includes (1) identifying the contract, (2) identifying the separate performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations and (5) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and allows for either full retrospective or modified retrospective adoption. Early adoption is permitted for fiscal periods beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption. In August 2014, the FASB issued authoritative guidance that requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern and requires additional disclosures if certain criteria are met. This guidance is effective for fiscal periods ending after December 15, 2016, which will be the Company’s fourth quarter of fiscal 2017, with early adoption permitted. The adoption of this guidance is not expected to impact the Company’s consolidated financial statements or related disclosures. In February 2015, the FASB issued authoritative guidance which modifies existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. This guidance is effective for fiscal periods beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and allows for either full retrospective or modified retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption. In April 2015, the FASB issued authoritative guidance to simplify the presentation of debt issuance costs by requiring such costs to be presented as a deduction from the corresponding debt liability. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires retrospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In April 2015, the FASB issued authoritative guidance which would permit an entity to measure its defined benefit plan assets and obligations using the calendar month-end that is closest to the entity’s fiscal period-end for interim and annual periods. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires prospective adoption, with early adoption permitted. The Company is currently evaluating whether it will adopt this guidance, but if adopted, this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In July 2015, the FASB issued authoritative guidance to simplify the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. This guidance is effective for fiscal years beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018, and requires prospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 01, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share represents net earnings attributable to common stockholders divided by the weighted average number of common shares outstanding during the period. The weighted average number of common shares outstanding does not include restricted stock units with forfeitable dividend rights that have been classified as issued and outstanding but are considered contingently returnable as a result of certain service conditions. These restricted stock units are considered common equivalent shares outstanding and are excluded from the basic earnings per share calculation until the respective service conditions have been met. Diluted earnings per share represents net earnings attributable to common stockholders divided by the weighted average number of common shares outstanding, inclusive of the dilutive impact of common equivalent shares outstanding during the period. However, nonvested restricted stock awards (referred to as participating securities) are excluded from the dilutive impact of common equivalent shares outstanding in accordance with authoritative guidance under the two-class method since the nonvested restricted stockholders are entitled to participate in dividends declared on common stock as if the shares were fully vested and hence are deemed to be participating securities. Under the two-class method, earnings attributable to nonvested restricted stockholders are excluded from net earnings attributable to common stockholders for purposes of calculating basic and diluted earnings per common share. However, net losses are not allocated to nonvested restricted stockholders since they are not contractually obligated to share in the losses of the Company. In addition, the Company has granted certain nonvested stock units that are subject to certain performance-based or market-based vesting conditions as well as continued service requirements through the respective vesting periods. These nonvested stock units are included in the computation of diluted net earnings per common share attributable to common stockholders only to the extent that the underlying performance-based or market-based vesting conditions are satisfied as of the end of the reporting period, or would be considered satisfied if the end of the reporting period were the end of the related contingency period, and the results would be dilutive under the treasury stock method. The computation of basic and diluted net earnings per common share attributable to common stockholders is as follows (in thousands, except per share data): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Net earnings attributable to Guess?, Inc. $ 18,289 $ 21,954 $ 21,630 $ 19,853 Less net earnings attributable to nonvested restricted stockholders 143 167 227 292 Net earnings attributable to common stockholders $ 18,146 $ 21,787 $ 21,403 $ 19,561 Weighted average common shares used in basic computations 85,004 84,573 84,985 84,536 Effect of dilutive securities: Stock options and restricted stock units 286 226 147 229 Weighted average common shares used in diluted computations 85,290 84,799 85,132 84,765 Net earnings per common share attributable to common stockholders: Basic $ 0.21 $ 0.26 $ 0.25 $ 0.23 Diluted $ 0.21 $ 0.26 $ 0.25 $ 0.23 For the three months ended August 1, 2015 and August 2, 2014 , equity awards granted for 2,525,300 and 1,666,111 , respectively, of the Company’s common shares and for the six months ended August 1, 2015 and August 2, 2014 , equity awards granted for 2,473,325 and 1,549,291 , respectively, of the Company’s common shares were outstanding but were excluded from the computation of diluted weighted average common shares and common share equivalents outstanding because the assumed proceeds, as calculated under the treasury stock method, resulted in these awards being antidilutive. For the three and six months ended August 1, 2015 , the Company also excluded 425,866 nonvested stock units which are subject to the achievement of performance-based or market-based vesting conditions from the computation of diluted weighted average common shares and common share equivalents outstanding because these conditions were not achieved as of August 1, 2015 . For the three and six months ended August 2, 2014 , the Company excluded 259,700 nonvested stock units which were subject to the achievement of performance-based vesting conditions from the computation of diluted weighted average common shares and common share equivalents outstanding because these conditions were not achieved as of August 2, 2014 . Share Repurchase Program On June 26, 2012, the Company’s Board of Directors authorized a program to repurchase, from time-to-time and as market and business conditions warrant, up to $ 500 million of the Company’s common stock (the “2012 Share Repurchase Program”). Repurchases under the program may be made on the open market or in privately negotiated transactions, pursuant to Rule 10b5-1 trading plans or other available means. There is no minimum or maximum number of shares to be repurchased under the program, which may be discontinued at any time, without prior notice. As of August 1, 2015 , the Company had remaining authority under the 2012 Share Repurchase Program to purchase $ 495.8 million of its common stock. There were no share repurchases during the three and six months ended August 1, 2015 and August 2, 2014 .

Stockholders' Equity and Redeem

Stockholders' Equity and Redeemable Noncontrolling Interests	6 Months Ended
	Aug. 01, 2015
Stockholders' Equity and Redeemable Noncontrolling Interests [Abstract]
Stockholders' Equity and Redeemable Noncontrolling Interests	Stockholders’ Equity and Redeemable Noncontrolling Interests A reconciliation of common stock outstanding, treasury stock and the total carrying amount of total stockholders’ equity, Guess?, Inc. stockholders’ equity and stockholders’ equity attributable to nonredeemable and redeemable noncontrolling interests for the fiscal year ended January 31, 2015 and six months ended August 1, 2015 is as follows (in thousands, except share data): Shares Stockholders’ Equity Common Stock Treasury Stock Guess?, Inc. Stockholders’ Equity Nonredeemable Noncontrolling Interests Total Redeemable Noncontrolling Interests Balance at February 1, 2014 84,962,345 54,283,384 $ 1,154,514 $ 15,472 $ 1,169,986 $ 5,830 Net earnings — — 94,570 2,614 97,184 — Foreign currency translation adjustment — — (114,566 ) (2,141 ) (116,707 ) (788 ) Gain on derivative financial instruments designated as cash flow hedges, net of income tax of ($721) — — 7,270 — 7,270 — Loss on marketable securities, net of income tax of $61 — — (106 ) — (106 ) — Prior service credit amortization and actuarial valuation loss and related amortization on defined benefit plans, net of income tax of $2,335 — — (5,862 ) — (5,862 ) — Issuance of common stock under stock compensation plans, net of tax effect 313,271 — (1,937 ) — (1,937 ) — Issuance of stock under Employee Stock Purchase Plan 47,538 (47,538 ) 1,008 — 1,008 — Share-based compensation — — 15,342 — 15,342 — Dividends — — (76,982 ) — (76,982 ) — Noncontrolling interest capital distribution — — — (355 ) (355 ) — Redeemable noncontrolling interest redemption value adjustment — — 605 — 605 (605 ) Balance at January 31, 2015 85,323,154 54,235,846 $ 1,073,856 $ 15,590 $ 1,089,446 $ 4,437 Net earnings — — 21,630 836 22,466 — Foreign currency translation adjustment — — (21,036 ) (600 ) (21,636 ) (308 ) Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $44 — — (1,289 ) — (1,289 ) — Loss on marketable securities, net of income tax of $6 — — (8 ) — (8 ) — Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax of ($3,979) — — 6,594 — 6,594 — Issuance of common stock under stock compensation plans, net of tax effect 416,804 — (1,842 ) — (1,842 ) — Issuance of stock under Employee Stock Purchase Plan 23,482 (23,482 ) 374 — 374 — Share-based compensation — — 8,052 — 8,052 — Dividends — — (38,658 ) — (38,658 ) — Noncontrolling interest capital distribution — — — (3,830 ) (3,830 ) — Redeemable noncontrolling interest redemption value adjustment — — (1,220 ) — (1,220 ) 1,220 Balance at August 1, 2015 85,763,440 54,212,364 $ 1,046,453 $ 11,996 $ 1,058,449 $ 5,349 Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss), net of related income taxes, for the three and six months ended August 1, 2015 and August 2, 2014 are as follows (in thousands): Three Months Ended Aug 1, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at May 2, 2015 $ (121,908 ) $ 4,296 $ (7 ) $ (12,344 ) $ (129,963 ) Gains (losses) arising during the period (20,697 ) 4,584 (4 ) 7,026 (9,091 ) Reclassification to net earnings for gains realized — (3,012 ) — (738 ) (3,750 ) Net other comprehensive income (loss) (20,697 ) 1,572 (4 ) 6,288 (12,841 ) Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Six Months Ended Aug 1, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at January 31, 2015 $ (121,569 ) $ 7,157 $ (3 ) $ (12,650 ) $ (127,065 ) Gains (losses) arising during the period (21,036 ) 3,658 (8 ) 7,026 (10,360 ) Reclassification to net earnings for gains realized — (4,947 ) — (432 ) (5,379 ) Net other comprehensive income (loss) (21,036 ) (1,289 ) (8 ) 6,594 (15,739 ) Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Three Months Ended Aug 2, 2014 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at May 3, 2014 $ 14,846 $ (1,667 ) $ 33 $ (6,679 ) $ 6,533 Gains (losses) arising during the period (19,424 ) 1,352 (25 ) — (18,097 ) Reclassification to net earnings for losses realized — 681 — 109 790 Net other comprehensive income (loss) (19,424 ) 2,033 (25 ) 109 (17,307 ) Balance at August 2, 2014 $ (4,578 ) $ 366 $ 8 $ (6,570 ) $ (10,774 ) Six Months Ended Aug 2, 2014 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at February 1, 2014 $ (7,003 ) $ (113 ) $ 103 $ (6,788 ) $ (13,801 ) Gains (losses) arising during the period 2,425 (706 ) (41 ) — 1,678 Reclassification to net earnings for (gains) losses realized — 1,185 (54 ) 218 1,349 Net other comprehensive income (loss) 2,425 479 (95 ) 218 3,027 Balance at August 2, 2014 $ (4,578 ) $ 366 $ 8 $ (6,570 ) $ (10,774 ) Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings during the three and six months ended August 1, 2015 and August 2, 2014 are as follows (in thousands): Three Months Ended Six Months Ended Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Derivative financial instruments designated as cash flow hedges: Foreign exchange currency contracts $ (3,193 ) $ 265 $ (4,943 ) $ 759 Cost of product sales Foreign exchange currency contracts (330 ) 25 (816 ) 56 Other income/expense Less income tax effect 511 391 812 370 Income tax expense (3,012 ) 681 (4,947 ) 1,185 Marketable securities: Available-for-sale securities — — — (87 ) Other income/expense Less income tax effect — — — 33 Income tax expense — — — (54 ) Defined benefit plans: Actuarial loss amortization 430 235 943 469 (1) Prior service credit amortization (39 ) (58 ) (97 ) (116 ) (1) Curtailment (1,651 ) — (1,651 ) — (1) Less income tax effect 522 (68 ) 373 (135 ) Income tax expense (738 ) 109 (432 ) 218 Total reclassifications during the period $ (3,750 ) $ 790 $ (5,379 ) $ 1,349 __________________________________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information. Redeemable Noncontrolling Interests The Company is party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest from the acquisition of its majority-owned subsidiary, Guess Sud SAS (“Guess Sud”). The put arrangement for Guess Sud, representing 40% of the total outstanding equity interest of that subsidiary, may be exercised at the discretion of the noncontrolling interest holders by providing written notice to the Company any time after January 30, 2012 . The put arrangement is recorded on the balance sheet at its expected redemption value based on a method which approximates fair value and classified as a redeemable noncontrolling interest outside of permanent equity. The redemption value of the Guess Sud redeemable put arrangement was $ 4.5 million and $ 3.4 million as of August 1, 2015 and January 31, 2015 , respectively. The Company is also party to a put arrangement with respect to the common securities that represent the remaining noncontrolling interest for its majority-owned subsidiary, Guess Brasil Comércio e Distribuição S.A. (“Guess Brazil”), which was established through a majority-owned joint venture during fiscal 2014. The put arrangement for Guess Brazil, representing 40% of the total outstanding equity interest of that subsidiary, may be exercised at the discretion of the noncontrolling interest holder by providing written notice to the Company beginning in the sixth year of the agreement, or sooner in certain limited circumstances, and every third anniversary from the end of the sixth year thereafter subject to certain time restrictions. The redemption value of the Guess Brazil put arrangement is based on a multiple of Guess Brazil’s earnings before interest, taxes, depreciation and amortization subject to certain adjustments. The carrying value of the redeemable noncontrolling interest related to Guess Brazil was $0.8 million and $1.0 million as of August 1, 2015 and January 31, 2015 , respectively.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Aug. 01, 2015
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable is summarized as follows (in thousands): Aug 1, 2015 Jan 31, 2015 Trade $ 208,976 $ 229,618 Royalty 10,830 10,118 Other 8,404 8,389 228,210 248,125 Less allowance for doubtful accounts 29,475 31,920 $ 198,735 $ 216,205 Accounts receivable consists of trade receivables relating primarily to the Company’s wholesale business in Europe, and to a lesser extent, to its wholesale businesses in the Americas and Asia, royalty receivables relating to its licensing operations, and certain other receivables. Other receivables generally relate to amounts due to the Company that result from activities that are not related to the direct sale of the Company’s products or collection of royalties. The accounts receivable allowance includes allowances for doubtful accounts, wholesale sales returns and wholesale markdowns. Retail sales returns allowances are included in accrued expenses.

Inventories

Inventories	6 Months Ended
	Aug. 01, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): Aug 1, 2015 Jan 31, 2015 Raw materials $ 3,409 $ 4,548 Work in progress 59 77 Finished goods 331,992 314,453 $ 335,460 $ 319,078 The above balances include an allowance to write down inventories to the lower of cost or market of $ 18.6 million and $ 19.7 million as of August 1, 2015 and January 31, 2015 , respectively.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Aug. 01, 2015
Restructuring Charges [Abstract]
Restructuring Charges	Restructuring Charges During the first quarter of fiscal 2014, the Company implemented plans to streamline its structure and reduce expenses in both Europe and North America . During the second quarter of fiscal 2014, the Company expanded these plans to include the consolidation and streamlining of certain operations in Europe and Asia. The Company incurred total restructuring charges of $12.4 million under these plans related primarily to severance, impairment and lease termination costs during fiscal 2014. There were no restructuring charges incurred during the three and six months ended August 1, 2015 and August 2, 2014 related to these plans. The Company does not expect significant future cash-related charges to be incurred as the actions under these plans were substantially completed during fiscal 2014. As of August 1, 2015 , the Company had a balance of approximately $0.2 million in accrued expenses for amounts expected to be paid during the remainder of fiscal 2016. At January 31, 2015 , the Company had a balance of approximately $0.3 million in accrued expenses related to these restructuring activities. The following table summarizes restructuring activities related primarily to severance during the fiscal year ended January 31, 2015 and six months ended August 1, 2015 (in thousands): Total Balance at February 1, 2014 $ 4,578 Cash payments (2,952 ) Foreign currency and other adjustments (1,350 ) Balance at January 31, 2015 $ 276 Cash payments (39 ) Foreign currency and other adjustments (56 ) Balance at August 1, 2015 $ 181

Income Taxes

Income Taxes	6 Months Ended
	Aug. 01, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense for the interim periods was computed using the effective tax rate estimated to be applicable for the full fiscal year. The Company’s effective income tax rate in creased to 38.0% for the six months ended August 1, 2015 from 35.1% for the six months ended August 2, 2014 . The in crease in the effective income tax rate was due primarily to a larger mix of taxable income in higher taxable jurisdictions and higher non-deductible compensation costs during the six months ended August 1, 2015 compared to the same prior-year period. From time-to-time, the Company is subject to routine compliance reviews on various tax matters around the world in the ordinary course of business. As of August 1, 2015 , several income tax audits were underway for various periods in multiple jurisdictions. The Company accrues an amount for its estimate of additional income tax liability which the Company, more likely than not, could incur as a result of the ultimate resolution of income tax audits (“uncertain tax positions”). The Company reviews and updates the estimates used in the accrual for uncertain tax positions as more definitive information becomes available from taxing authorities, upon completion of tax audits, upon expiration of statutes of limitation, or upon occurrence of other events. The Company had aggregate accruals for uncertain tax positions, including penalties and interest, of $ 14.3 million and $14.4 million as of August 1, 2015 and January 31, 2015 , respectively.

Segment Information

Segment Information	6 Months Ended
	Aug. 01, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s businesses are grouped into five reportable segments for management and internal financial reporting purposes: Americas Retail , Europe , Asia , Americas Wholesale and Licensing . Beginning in the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment. The Company’s operating segments are the same as its reportable segments. Management evaluates segment performance based primarily on revenues and earnings (loss) from operations before restructuring charges, if any. The Company believes this segment reporting reflects how its five business segments are managed and how each segment’s performance is evaluated by the Company’s chief operating decision maker to assess performance and make resource allocation decisions. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America. The Europe segment includes the Company’s wholesale, retail and e-commerce operations in Europe and the Middle East. The Asia segment includes the Company’s wholesale, retail and e-commerce operations in Asia. The Americas Wholesale segment includes the Company’s wholesale operations in the Americas. The Licensing segment includes the worldwide licensing operations of the Company. The business segment operating results exclude corporate overhead costs, which consist of shared costs of the organization, and restructuring charges. These costs are presented separately and generally include, among other things, the following unallocated corporate costs: accounting and finance, executive compensation, facilities, global advertising and marketing, human resources, information technology and legal. Net revenue and earnings (loss) from operations are summarized as follows for the three and six months ended August 1, 2015 and August 2, 2014 (in thousands): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Net revenue: Americas Retail(1) $ 232,456 $ 244,000 $ 446,705 $ 472,344 Europe 199,375 235,260 336,772 394,418 Asia 56,745 64,267 120,780 134,385 Americas Wholesale(1) 32,361 38,252 69,639 77,560 Licensing 25,327 26,792 51,192 52,405 Total net revenue $ 546,264 $ 608,571 $ 1,025,088 $ 1,131,112 Earnings (loss) from operations: Americas Retail(1) $ 5,244 $ (4,662 ) $ (1,965 ) $ (13,061 ) Europe 18,186 24,513 14,518 17,881 Asia 887 2,264 5,500 5,617 Americas Wholesale(1) 4,872 5,167 11,619 12,920 Licensing 22,415 24,909 45,440 47,630 Corporate Overhead (25,403 ) (22,333 ) (44,558 ) (43,106 ) Total earnings from operations $ 26,201 $ 29,858 $ 30,554 $ 27,881 __________________________________ (1) Beginning in the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment. Due to the seasonal nature of the Company’s business segments, the above net revenue and operating results are not necessarily indicative of the results that may be expected for the full fiscal year.

Borrowings and Capital Lease Ob

Borrowings and Capital Lease Obligations	6 Months Ended
	Aug. 01, 2015
Debt Disclosure [Abstract]
Borrowings and Capital Lease Obligations	Borrowings and Capital Lease Obligations Borrowings and capital lease obligations are summarized as follows (in thousands): Aug 1, 2015 Jan 31, 2015 European capital lease, maturing quarterly through May 2016 $ 4,840 $ 5,745 Other 2,057 1,968 6,897 7,713 Less current installments 4,840 1,548 Long-term debt and capital lease obligations $ 2,057 $ 6,165 Capital Lease The Company leases a building in Florence, Italy under a capital lease which provides for minimum lease payments through May 1, 2016 . As of August 1, 2015 , the capital lease obligation was $ 4.8 million . The Company entered into a separate interest rate swap agreement designated as a non-hedging instrument that resulted in a swap fixed rate of 3.55% . This interest rate swap agreement matures on February 1, 2016 and converts the nature of the capital lease obligation from Euribor floating-rate debt to fixed-rate debt. The fair value of the interest rate swap liability as of August 1, 2015 was approximately $ 0.2 million . Credit Facilities On June 23, 2015, the Company entered into a five -year senior secured asset-based revolving credit facility with Bank of America, N.A. and the other lenders party thereto (the “Credit Facility”). The Credit Facility provides for a borrowing capacity in an amount up to $ 150 million , including a Canadian sub-facility up to $ 50 million , subject to a borrowing base. Based on applicable accounts receivable, inventory and eligible cash balances as of August 1, 2015 , the Company could have borrowed up to $150 million under the Credit Facility. The Credit Facility has an option to expand the borrowing capacity by up to $ 150 million subject to certain terms and conditions, including the willingness of existing or new lenders to assume such increased amount. The Credit Facility is available for direct borrowings and the issuance of letters of credit, subject to certain letters of credit sublimits, and may be used for working capital and other general corporate purposes. The Credit Facility replaces the Company’s previous $ 300 million credit facility, which was scheduled to mature in July 2016 . No principal or interest was outstanding or accrued and unpaid under the prior credit facility on its termination date. All obligations under the Credit Facility are unconditionally guaranteed by the Company and the Company’s existing and future domestic and Canadian subsidiaries, subject to certain exceptions, and are secured by a first priority lien on substantially all of the assets of the Company and such domestic and Canadian subsidiaries , as applicable. Direct borrowings under the Credit Facility made by the Company and its domestic subsidiaries shall bear interest at the U.S. base rate plus an applicable margin (varying from 0.25% to 0.75% ) or at LIBOR plus an applicable margin (varying from 1.25% to 1.75% ). The U.S. base rate is based on the greater of (i) the U.S. prime rate, (ii) the federal funds rate, plus 0.5% , and (iii) LIBOR for a 30 day interest period, plus 1.0% . Direct borrowings under the Credit Facility made by the Company’s Canadian subsidiaries shall bear interest at the Canadian prime rate plus an applicable margin (varying from 0.25% to 0.75% ) or at the Canadian BA rate plus an applicable margin (varying from 1.25% to 1.75% ). The Canadian prime rate is based on the greater of (i) the Canadian prime rate, (ii) the Bank of Canada overnight rate, plus 0.5% , and (iii) the Canadian BA rate for a one month interest period, plus 1.0% . The applicable margins are calculated quarterly and vary based on the average daily availability of the aggregate borrowing base. The Company is also obligated to pay certain commitment, letter of credit and other fees customary for a credit facility of this size and type. As of August 1, 2015 , the Company had $ 1.7 million in outstanding standby letters of credit, no outstanding documentary letters of credit and no outstanding borrowings under the Credit Facility. The Credit Facility requires the Company to comply with a fixed charge coverage ratio on a trailing four-quarter basis if a default or an event of default occurs under the Credit Facility or if the borrowing capacity falls below certain levels. In addition, the Credit Facility contains customary covenants, including covenants that limit or restrict the Company and certain of its subsidiaries’ ability to: incur liens, incur indebtedness, make investments, dispose of assets, make certain restricted payments, merge or consolidate and enter into certain transactions with affiliates. Upon the occurrence of an event of default under the Credit Facility, the lenders may cease making loans, terminate the Credit Facility and declare all amounts outstanding to be immediately due and payable. The Credit Facility specifies a number of events of default (some of which are subject to applicable grace or cure periods), including, among other things, non-payment defaults, covenant defaults, cross-defaults to other material indebtedness, bankruptcy and insolvency defaults and material judgment defaults. The Credit Facility allows for both secured and unsecured borrowings outside of the Credit Facility up to specified amounts. The Company, through its European subsidiaries, maintains short-term uncommitted borrowing agreements, primarily for working capital purposes, with various banks in Europe. The majority of the borrowings under these agreements are secured by specific accounts receivable balances. Based on the applicable accounts receivable balances as of August 1, 2015 , the Company could have borrowed up to $ 80.8 million under these agreements. As of August 1, 2015 , the Company had no outstanding borrowings and $ 3.0 million in outstanding documentary letters of credit under these agreements. The agreements are denominated primarily in euros and provide for annual interest rates ranging from 0.9% to 6.8% . The maturities of any short-term borrowings under these arrangements are generally linked to the credit terms of the underlying accounts receivable that secure the borrowings. With the exception of one facility for up to $ 38.4 million that has a minimum net equity requirement, there are no other financial ratio covenants. Other From time-to-time, the Company will obtain other financing in foreign countries for working capital to finance its local operations.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Aug. 01, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The following table summarizes the share-based compensation expense recognized under all of the Company’s stock plans during the three and six months ended August 1, 2015 and August 2, 2014 (in thousands): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Stock options $ 439 $ 620 $ 920 $ 1,076 Stock awards/units 3,950 3,439 7,037 6,377 Employee Stock Purchase Plan 51 97 95 160 Total share-based compensation expense $ 4,440 $ 4,156 $ 8,052 $ 7,613 Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock options and nonvested stock awards/units totaled approximately $ 5.1 million and $ 29.3 million , respectively, as of August 1, 2015 . This cost is expected to be recognized over a weighted average period of 1.7 years. The weighted average grant date fair value of options granted was $3.71 and $6.23 during the six months ended August 1, 2015 and August 2, 2014 , respectively. Grants On July 7, 2015, in connection with a new employment agreement entered into between the Company and Victor Herrero (the “Herrero Employment Agreement”), who became the Company’s Chief Executive Officer on August 1, 2015, the Company granted Mr. Herrero 600,000 stock options and 250,000 nonvested stock units. Mr. Herrero was also granted 150,000 restricted stock units which are considered contingently returnable as a result of certain service conditions set forth in the Herrero Employment Agreement. On April 2, 2015, the Company made an annual grant of 577,700 stock options and 401,700 nonvested stock awards/units to its employees. On April 2, 2014, the Company made an annual grant of 365,600 stock options and 301,200 nonvested stock awards/units to its employees. Performance-Based Awards As discussed above, on July 7, 2015, the Company granted certain nonvested stock units to Mr. Herrero in connection with the Herrero Employment Agreement. The nonvested stock units are scheduled to vest in increments of one-fourth of the shares granted on each anniversary from the date of grant, subject to the achievement of certain performance-based vesting conditions during the last two quarters of fiscal 2016 as well as continued service requirements through each of the vesting periods. The Company has granted certain nonvested stock units to Paul Marciano, the Company’s former Chief Executive Officer and current Executive Chairman of the Board and Chief Creative Officer, in connection with an employment agreement entered into between the Company and Mr. Marciano during fiscal 2014. Each award of nonvested stock units has an initial vesting period from the date of the grant through the end of the first fiscal year followed by two annual vesting periods. The nonvested stock units are subject to the achievement of certain performance-based vesting conditions during the first fiscal year of the grant as well as continued service requirements through each of the vesting periods. The Company has also granted a target number of nonvested stock units to Mr. Marciano in connection with his employment agreement. The number of shares that may ultimately vest with respect to each award will equal 0% to 150% of the target number of shares, subject to the achievement of certain performance-based vesting conditions during the first fiscal year of the grant as well as continued service requirements through the vesting date. Any shares that are ultimately issued are scheduled to vest at the end of the third fiscal year following the grant date. The following table summarizes the activity for nonvested performance-based awards during the six months ended August 1, 2015 : Number of Units Weighted Average Grant Date Fair Value Nonvested at January 31, 2015 413,834 $ 29.66 Granted 425,866 19.39 Vested (33,333 ) 27.86 Forfeited (159,700 ) 27.86 Nonvested at August 1, 2015 646,667 $ 23.44 Market-Based Awards On May 1, 2015, the Company also granted a target of 183,368 nonvested stock units to Mr. Marciano in connection with his employment agreement. The number of shares that may ultimately vest will equal 0% to 150% of the target number of shares, subject to the performance of the Company’s total stockholder return (“TSR”) relative to the TSR of a select group of peer companies over a three-year period. Vesting is also subject to continued service requirements through the vesting date. Any shares that are ultimately issued are scheduled to vest in fiscal 2019 . The grant date fair value for such nonvested stock units was estimated using a Monte Carlo simulation that incorporates option-pricing inputs covering the period from the grant date through the end of the performance period. Compensation expense is recognized on a straight-line basis over the vesting period.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Aug. 01, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company and its subsidiaries periodically enter into transactions with other entities or individuals that are considered related parties, including certain transactions with entities affiliated with trusts for the respective benefit of Paul Marciano, who is an executive of the Company, Maurice Marciano, Chairman Emeritus of the Board, Armand Marciano, their brother and former executive of the Company, and certain of their children (the “Marciano Trusts”). Leases The Company leases warehouse and administrative facilities, including the Company’s corporate headquarters in Los Angeles, California, from partnerships affiliated with the Marciano Trusts and certain of their affiliates. There were three of these leases in effect as of August 1, 2015 with expiration dates ranging from calendar years 2015 to 2020 . Aggregate rent, common area maintenance charges and property tax expense recorded under these related party leases for the six months ended August 1, 2015 and August 2, 2014 was $ 2.7 million and $ 3.0 million , respectively. The Company believes the related party lease terms have not been significantly affected by the fact that the Company and the lessors are related. Aircraft Arrangements The Company periodically charters aircraft owned by MPM Financial, LLC (“MPM Financial”), an entity affiliated with the Marciano Trusts, through informal arrangements with MPM Financial and independent third party management companies contracted by MPM Financial to manage its aircraft. The total fees paid under these arrangements for the six months ended August 1, 2015 and August 2, 2014 were approximately $ 0.3 million and $ 0.7 million , respectively. Consulting Arrangement After serving for over 30 years as an executive and leader for Guess?, Inc., co-founder Maurice Marciano retired from his position as executive Chairman of the Board and as an employee of the Company upon the expiration of his employment agreement on January 28, 2012. In connection with his retirement and under the terms of his previously existing employment agreement, the Company and Mr. Marciano entered into a two -year consulting agreement, subsequently extended for a third year (the “Marciano Consulting Agreement”), under which Mr. Marciano provided certain consulting services to the Company. The Marciano Consulting Agreement provided for consulting fees of $ 500,000 per year and continued automobile use in a manner consistent with past practice. The Marciano Consulting Agreement expired on January 28, 2015 and was not renewed. However, Mr. Marciano continues to serve the Company as a director and the Chairman Emeritus of the Board. The Company elected to continue to provide for automobile use subsequent to the expiration of the term of the Marciano Consulting Agreement based on Mr. Marciano’s continuing substantial contributions to the Company. There were no expenses incurred related to the Marciano Consulting Agreement during the six months ended August 1, 2015 . Total expenses incurred with respect to the Marciano Consulting Agreement were approximately $ 0.3 million for the six months ended August 2, 2014 . Other Transactions From time-to-time, the Company utilizes a third party agent named Harmony Collection, LLC to produce specific apparel products on behalf of the Company. Armand Marciano, brother of Maurice and Paul Marciano, is part owner and an executive of the parent company of Harmony Collection, LLC. There were no payments made by the Company under this arrangement for the six months ended August 1, 2015 . The total payments made by the Company under this arrangement for the six months ended August 2, 2014 were approximately $ 0.7 million . These related party disclosures should be read in conjunction with the disclosure concerning related party transactions in the Company’s Annual Report on Form 10-K for the year ended January 31, 2015 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Aug. 01, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The Company leases its showrooms, advertising, licensing, sales and merchandising offices, remote distribution and warehousing facilities and retail and factory outlet store locations under operating lease agreements expiring on various dates through September 2031 . Some of these leases require the Company to make periodic payments for property taxes, utilities and common area operating expenses. Certain retail store leases provide for rents based upon the minimum annual rental amount and a percentage of annual sales volume, generally ranging from 2% to 12% , when specific sales volumes are exceeded. Some leases include lease incentives, rent abatements and fixed rent escalations, which are amortized and recorded over the initial lease term on a straight-line basis. The Company also leases some of its equipment under operating lease agreements expiring at various dates through March 2020 . As discussed in further detail in Note 9, the Company leases a building in Florence, Italy under a capital lease which provides for minimum lease payments through May 1, 2016 . In March 2014, the Company amended its lease with respect to its primary U.S. distribution center based in Louisville, Kentucky to extend the term for an additional ten years, to 2024 . The amendment also provides for two extension options for an additional period of five years each. Litigation On May 6, 2009, Gucci America, Inc. filed a complaint in the U.S. District Court for the Southern District of New York against Guess?, Inc. and certain third party licensees for the Company asserting, among other things, trademark and trade dress law violations and unfair competition. The complaint sought injunctive relief, compensatory damages, including treble damages, and certain other relief. Complaints similar to those in the above action have also been filed by Gucci entities against the Company and certain of its subsidiaries in the Court of Milan, Italy, the Intermediate People’s Court of Nanjing, China and the Court of Paris, France. The three-week bench trial in the U.S. matter concluded on April 19, 2012, with the court issuing a preliminary ruling on May 21, 2012 and a final ruling on July 19, 2012. Although the plaintiff was seeking compensation in the U.S. matter in the form of damages of $ 26 million and an accounting of profits of $ 99 million , the final ruling provided for monetary damages of $ 2.3 million against the Company and $ 2.3 million against certain of its licensees. The court also granted narrow injunctions in favor of the plaintiff for certain of the claimed infringements. On August 20, 2012, the appeal period expired without any party having filed an appeal, rendering the judgment final. On May 2, 2013, the Court of Milan ruled in favor of the Company in the Milan, Italy matter. In the ruling, the Court rejected all of the plaintiff’s claims and ordered the cancellation of three of the plaintiff’s Italian and four of the plaintiff’s European Community trademark registrations. On June 10, 2013, the plaintiff appealed the Court’s ruling in the Milan matter. On September 15, 2014, the Court of Appeal of Milan affirmed the majority of the lower Court’s ruling in favor of the Company, but overturned the lower Court’s finding with respect to an unfair competition claim. The matter has now entered into a damages phase based on the ruling. In the China matter, the Intermediate People’s Court of Nanjing, China issued a ruling on November 8, 2013 granting an injunction in favor of the plaintiff for certain of the claimed infringements on handbags and small leather goods and awarding the plaintiff statutory damages in the amount of approximately $80,000 . The Company strongly disagrees with the Court’s decision and has appealed the ruling. The judgment in the China matter is stayed pending the appeal, which was heard in May 2014. On January 30, 2015, the Court of Paris ruled in favor of the Company, rejecting all of the plaintiff’s claims and partially canceling two of the plaintiff’s community trademark registrations and one of the plaintiff’s international trademark registrations. On February 17, 2015, the plaintiff appealed the Court of Paris’ ruling. On August 25, 2006, Franchez Isaguirre, a former employee of the Company, filed a complaint in the Superior Court of California, County of Los Angeles alleging violations by the Company of California wage and hour laws. The complaint was subsequently amended, adding a second former employee as an additional named party. The plaintiffs purport to represent a class of similarly situated employees in California who allegedly had been injured by not being provided adequate meal and rest breaks. The complaint seeks unspecified compensatory damages, statutory penalties, attorney’s fees and injunctive and declaratory relief. On June 9, 2009, the Court certified the class but immediately stayed the case pending the resolution of a separate California Supreme Court case on the standards of class treatment for meal and rest break claims. Following the Supreme Court ruling, the Superior Court denied the Company’s motions to decertify the class and to narrow the class in January 2013 and June 2013, respectively. The Company subsequently petitioned to have the Court’s decision not to narrow the class definition reviewed. That petition was ultimately denied by the California Supreme Court in April 2014. In July 2015, the parties entered into a Memorandum of Understanding to settle the matter for $5.25 million , subject to certain limited offsets. Once a formal settlement agreement is finalized by the parties, the settlement will be subject to the review and approval of the Court. The Company has received customs tax assessment notices from the Italian Customs Agency regarding its customs tax audit of one of the Company’s European subsidiaries for the period from July 2010 through December 2012 . Such assessments totaled € 9.8 million ($ 10.8 million ), including potential penalties and interest. The Company strongly disagrees with the positions that the Italian Customs Agency has taken and therefore filed appeals with the Milan First Degree Tax Court (“MFDTC”). On May 5, 2015, the MFDTC issued a judgment in favor of the Company in relation to the first set of appeals (covering the period through September 2010 ) and canceled the related assessments totaling € 1.7 million ($ 1.8 million ). While the ruling was favorable to the Company, there can be no assurances that the Company’s remaining appeals for October 2010 through December 2012 will be successful or that the Italian Customs Agency will not appeal the favorable MFDTC judgment. It also continues to be possible that the Company will receive similar or even larger assessments for periods subsequent to December 2012 or other claims or charges related to the matter in the future. Although the Company believes that it has a strong position and will continue to vigorously defend each of the remaining matters, it is unable to predict with certainty whether or not these efforts will ultimately be successful or whether the outcomes will have a material impact on the Company’s financial position or results of operations. The Company is also involved in various other claims and other matters incidental to the Company’s business, the resolutions of which are not expected to have a material adverse effect on the Company’s financial position or results of operations.

Defined Benefit Plans

Defined Benefit Plans	6 Months Ended
	Aug. 01, 2015
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Plans	Defined Benefit Plans Supplemental Executive Retirement Plan On August 23, 2005, the Board of Directors of the Company adopted a Supplemental Executive Retirement Plan (“SERP”) which became effective January 1, 2006. The SERP provides select employees who satisfy certain eligibility requirements with certain benefits upon retirement, termination of employment, death, disability or a change in control of the Company, in certain prescribed circumstances. In July 2015, the SERP was amended in connection with Paul Marciano’s planned transition from Chief Executive Officer to Executive Chairman of the Board and Chief Creative Officer. The amendment effectively eliminated any future salary progression by finalizing compensation levels for future benefits. Mr. Marciano will continue to be eligible to receive SERP benefits in the future in accordance with the amended terms of the SERP. Subsequent to the amendment, there are no employees that would be considered actively participating under the terms of the SERP. As a result, during the three and six months ended August 1, 2015 , the Company included an actuarial gain of $11.4 million before taxes in accumulated other comprehensive income (loss). In addition, the Company also recognized a curtailment gain of $1.7 million before taxes related to the accelerated amortization of the remaining prior service credit during the three and six months ended August 1, 2015 . As a non-qualified pension plan, no dedicated funding of the SERP is required; however, the Company has made periodic payments into insurance policies held in a rabbi trust to fund the expected obligations arising under the non-qualified SERP. The amount of any future payments into the insurance policies, if any, may vary depending on investment performance of the trust. The cash surrender values of the insurance policies were $ 55.9 million and $ 53.6 million as of August 1, 2015 and January 31, 2015 , respectively, and were included in other assets in the Company’s condensed consolidated balance sheets. As a result of changes in the value of the insurance policy investments, the Company recorded unrealized gains (losses) of $ (0.3) million and $ 1.6 million in other income and expense during the three and six months ended August 1, 2015 , respectively, and unrealized gains of $ 0.7 million and $ 2.2 million in other income during the three and six months ended August 2, 2014 , respectively. During the six months ended August 1, 2015 , the Company also recorded realized gains of $0.7 million in other income resulting from payout on the insurance policies. The realized gains were recorded during the three months ended May 2, 2015. The projected benefit obligation was $50.6 million and $61.9 million as of August 1, 2015 and January 31, 2015 , respectively, and was included in accrued expenses and other long-term liabilities in the Company’s condensed consolidated balance sheets depending on the expected timing of payments. SERP benefit payments of $0.4 million and $0.8 million were made during the three and six months ended August 1, 2015 , respectively. SERP benefit payments of $0.3 million were made during the three and six months ended August 2, 2014 . The components of net periodic defined benefit pension (credit) cost for the three and six months ended August 1, 2015 and August 2, 2014 related to the SERP are as follows (in thousands): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Interest cost $ 495 $ 572 $ 991 $ 1,144 Net amortization of unrecognized prior service credit (39 ) (58 ) (97 ) (116 ) Net amortization of actuarial losses 290 235 718 469 Curtailment gain (1,651 ) — (1,651 ) — Net periodic defined benefit pension (credit) cost $ (905 ) $ 749 $ (39 ) $ 1,497 Swiss Pension Plan In accordance with local regulations, the Company also maintains a pension plan in Switzerland for certain of its employees. The plan is a government-mandated defined contribution plan that provides employees with a minimum investment return determined annually by the Swiss government, and as such, is treated under pension accounting in accordance with authoritative guidance. Under the plan, both the Company and certain of its employees with annual earnings in excess of government determined amounts are required to make contributions into a fund managed by an independent investment fiduciary. The Company’s contributions must be made in an amount at least equal to the employee’s contribution. Minimum employee contributions are based on the respective employee’s age, salary and gender. As of August 1, 2015 and January 31, 2015 , the plan had a projected benefit obligation of CHF 14.5 million (US$ 15.0 million ) and CHF 13.9 million (US$ 15.1 million ), respectively, and plan assets held at the independent investment fiduciary of CHF 12.1 million (US$ 12.5 million ) and CHF 11.5 million (US$ 12.5 million ), respectively. The net liability of CHF 2.4 million (US$ 2.5 million ) and CHF 2.4 million (US$ 2.6 million ) was included in other long-term liabilities in the Company’s condensed consolidated balance sheets as of August 1, 2015 and January 31, 2015 , respectively. During the three and six months ended August 1, 2015 , the Company recognized net periodic defined benefit pension cost of CHF 0.4 million (US$ 0.5 million ) and CHF 0.9 million (US $0.9 million ), respectively, resulting from service cost and net amortization of actuarial losses related to the Swiss pension plan.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Aug. 01, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Authoritative guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into three broad levels as follows: Level 1—Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that can be accessed at the measurement date. Level 2—Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e. interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3—Unobservable inputs that reflect assumptions about what market participants would use in pricing the asset or liability. These inputs would be based on the best information available, including the Company’s own data. The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of August 1, 2015 and January 31, 2015 (in thousands): Fair Value Measurements at Aug 1, 2015 Fair Value Measurements at Jan 31, 2015 Recurring Fair Value Measures Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Foreign exchange currency contracts $ — $ 8,446 $ — $ 8,446 $ — $ 15,542 $ — $ 15,542 Available-for-sale securities 23 — — 23 36 — — 36 Total $ 23 $ 8,446 $ — $ 8,469 $ 36 $ 15,542 $ — $ 15,578 Liabilities: Foreign exchange currency contracts $ — $ 207 $ — $ 207 $ — $ — $ — $ — Interest rate swap — 165 — 165 — 270 — 270 Deferred compensation obligations — 11,213 — 11,213 — 9,133 — 9,133 Total $ — $ 11,585 $ — $ 11,585 $ — $ 9,403 $ — $ 9,403 There were no transfers of financial instruments between the three levels of fair value hierarchy during the six months ended August 1, 2015 or during the year ended January 31, 2015 . The fair values of the Company ’ s available-for-sale securities are based on quoted prices. The fair value of the interest rate swaps are based upon inputs corroborated by observable market data. Foreign exchange forward contracts are entered into by the Company principally to hedge the future payment of inventory and intercompany transactions by non-U.S. subsidiaries. Periodically, the Company may also use foreign currency forward contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries. The fair values of the Company ’ s foreign exchange forward contracts are based on quoted foreign exchange forward rates at the reporting date. Deferred compensation obligations to employees are adjusted based on changes in the fair value of the underlying employee-directed investments. Fair value of these obligations is based upon inputs corroborated by observable market data. Available-for-sale securities, which consist of marketable equity securities, are recorded at fair value and are included in other assets in the accompanying condensed consolidated balance sheets. As of August 1, 2015 and January 31, 2015 , available-for-sale securities were minimal. Unrealized gains (losses), net of taxes, are included as a component of stockholders ’ equity and comprehensive income (loss). As of August 1, 2015 and January 31, 2015 , the accumulated unrealized losses , net of taxes, included in accumulated other comprehensive income (loss) related to available-for-sale securities owned by the Company were minimal. During the six months ended August 2, 2014 , the Company received proceeds of $0.6 million from the sale of marketable equity securities which were classified as available-for-sale securities. The sale of marketable equity securities was made during the three months ended May 3, 2014. The cost of securities sold was based on the specific identification method. Gains recognized during the six months ended August 2, 2014 were $0.1 million as a result of this sale and were included in other income. The carrying amount of the Company ’ s remaining financial instruments, which principally include cash and cash equivalents, trade receivables, accounts payable and accrued expenses, approximates fair value due to the relatively short maturity of such instruments. The fair values of the Company ’ s debt instruments (see Note 9) are based on the amount of future cash flows associated with each instrument discounted using the Company ’ s incremental borrowing rate. As of August 1, 2015 and January 31, 2015 , the carrying value of all financial instruments was not materially different from fair value, as the interest rates on variable-rate debt including the capital lease obligation approximated rates currently available to the Company. Long-Lived Assets Long-lived assets, such as property and equipment, and purchased intangibles subject to amortization, are reviewed for impairment quarterly or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company considers each individual store or concession as an asset group for impairment testing, which is the lowest level at which individual cash flows can be identified. The asset group includes leasehold improvements, furniture, fixtures and equipment, computer hardware and software and certain long-term security deposits and lease acquisition costs. The Company reviews retail locations in penetrated markets for impairment risk once the locations have been opened for at least one year in their current condition, or sooner as changes in circumstances require. The Company believes that waiting one year allows a store or concession to reach a maturity level where a more comprehensive analysis of financial performance can be performed. The Company evaluates impairment risk for retail locations in new markets, where the Company is in the early stages of establishing its presence, once the locations have been opened for at least two years. The Company believes that waiting two years allows for brand awareness to be established. The Company also evaluates impairment risk for retail locations that are expected to be closed in the foreseeable future. An asset is considered to be impaired if the Company determines that the carrying value may not be recoverable based upon its assessment of the asset ’ s ability to continue to generate earnings from operations and positive cash flow in future periods or if significant changes in the Company ’ s strategic business objectives and utilization of the assets occurred. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the estimated fair value, which is determined based on discounted future cash flows. The impairment loss calculations require management to apply judgment in estimating future cash flows and the discount rates that reflect the risk inherent in future cash flows. Future expected cash flows for store and concession assets are based on management ’ s estimates of future cash flows over the remaining lease period or expected life, if shorter. For expected store and concession closures, the Company will evaluate whether it is necessary to shorten the useful life for any of the assets within the respective asset group. The Company will use this revised useful life when estimating the asset group’s future cash flows. The Company considers historical trends, expected future business trends and other factors when estimating the future cash flow for each retail location. The Company also considers factors such as: the local environment for each retail location, including mall traffic and competition; the Company ’ s ability to successfully implement strategic initiatives; and the ability to control variable costs such as cost of sales and payroll and, in some cases, renegotiate lease costs. The estimated cash flows used for this nonrecurring fair value measurement are considered a Level 3 input as defined above. If actual results are not consistent with the assumptions and judgments used in estimating future cash flows and asset fair values, there may be additional exposure to future impairment losses that could be material to the Company ’ s results of operations. The Company recorded impairment charges of $0.7 million and $ 1.8 million during the three and six months ended August 1, 2015 , respectively, and $4.6 million and $ 4.8 million during the three and six months ended August 2, 2014 , respectively. The impairment charges related primarily to the impairment of certain retail stores in North America and Europe resulting from under-performance or the exercise of kick-out options during each of the respective periods. These impairment charges were included in selling, general and administrative expenses in the Company’s condensed consolidated statements of income for each of the respective periods.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Aug. 01, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Hedging Strategy The Company operates in foreign countries, which exposes it to market risk associated with foreign currency exchange rate fluctuations. The Company has entered into certain forward contracts to hedge the risk of foreign currency rate fluctuations. The Company has elected to apply the hedge accounting rules in accordance with authoritative guidance for certain of these hedges. The Company’s primary objective is to hedge the variability in forecasted cash flows due to the foreign currency risk. Various transactions that occur primarily in Europe, Canada, South Korea and Mexico are denominated in U.S. dollars and British pounds and thus are exposed to earnings risk as a result of exchange rate fluctuations when converted to their functional currencies. These types of transactions include U.S. dollar denominated purchases of merchandise and U.S. dollar and British pound denominated intercompany liabilities. In addition, certain operating expenses, tax liabilities and pension-related liabilities are denominated in Swiss francs and are exposed to earnings risk as a result of exchange rate fluctuations when converted to the functional currency. The Company enters into derivative financial instruments , including forward exchange contracts, to offset some but not all of the exchange risk on certain of these anticipated foreign currency transactions . Periodically, the Company may also use foreign currency forward contracts to hedge the translation and economic exposures related to its net investments in certain of its international subsidiaries. The impact of the credit risk of the counterparties to the derivative contracts is considered in determining the fair value of the foreign currency forward contracts. As of August 1, 2015 , credit risk has not had a significant effect on the fair value of the Company’s foreign currency contracts. The Company also has interest rate swap agreements, which are not designated as hedges for accounting purposes, to effectively convert its floating-rate debt to a fixed-rate basis. The principal objective of these contracts is to eliminate or reduce the variability of the cash flows in interest payments associated with the Company’s variable-rate capital lease obligation, thus reducing the impact of interest rate changes on future interest payment cash flows. Refer to Note 9 for further information. Hedge Accounting Policy U.S. dollar forward contracts are used to hedge forecasted merchandise purchases over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as cash flow hedges, are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are recognized in cost of product sales in the period which approximates the time the hedged merchandise inventory is sold . The Company also hedges forecasted intercompany royalties over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as cash flow hedges, are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are recognized in other income and expense in the period in which the royalty expense is incurred. The Company has also used U.S. dollar forward contracts to hedge the net investments of certain of the Company’s international subsidiaries over specific months. Changes in the fair value of these U.S. dollar forward contracts, designated as net investment hedges, are recorded in foreign currency translation adjustment as a component of accumulated other comprehensive income (loss) within stockholders’ equity and are not recognized in earnings until the sale or liquidation of the hedged net investment. The Company also has foreign currency contracts that are not designated as hedging instruments for accounting purposes. Changes in fair value of foreign currency contracts not designated as hedging instruments are reported in net earnings as part of other income and expense. Summary of Derivative Instruments The fair value of derivative instruments in the condensed consolidated balance sheets as of August 1, 2015 and January 31, 2015 is as follows (in thousands): Derivative Balance Sheet Location Fair Value at Fair Value at ASSETS: Derivatives designated as hedging instruments: Foreign exchange currency contracts: Cash flow hedges Other current assets/ Other assets $ 4,454 $ 6,597 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other current assets 3,992 8,945 Total $ 8,446 $ 15,542 LIABILITIES: Derivatives designated as hedging instruments: Foreign exchange currency contracts: Cash flow hedges Accrued expenses $ 76 $ — Derivatives not designated as hedging instruments: Foreign exchange currency contracts Accrued expenses 131 — Interest rate swaps Accrued expenses/ Other long-term liabilities 165 270 Total derivatives not designated as hedging instruments 296 270 Total $ 372 $ 270 Derivatives Designated as Hedging Instruments Cash Flow Hedges During the six months ended August 1, 2015 , the Company purchased U.S. dollar forward contracts in Europe and Canada totaling US $82.2 million and US $43.8 million , respectively, to hedge forecasted merchandise purchases and intercompany royalties that were designated as cash flow hedges. As of August 1, 2015 , the Company had forward contracts outstanding for its European and Canadian operations of US$ 92.9 million and US$ 43.8 million , respectively, which are expected to mature over the next 18 months . The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings for the three and six months ended August 1, 2015 and August 2, 2014 (in thousands): Gain Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Three Months Ended Three Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 5,343 $ 1,866 Cost of product sales $ 3,193 $ (265 ) Foreign exchange currency contracts $ 378 $ 1 Other income/expense $ 330 $ (25 ) Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Six Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 4,196 $ (706 ) Cost of product sales $ 4,943 $ (759 ) Foreign exchange currency contracts $ 230 $ (106 ) Other income/expense $ 816 $ (56 ) __________________________________ (1) The ineffective portion was immaterial during the three and six months ended August 1, 2015 and August 2, 2014 and was recorded in net earnings and included in interest income/expense. As of August 1, 2015 , accumulated other comprehensive income (loss) included a net unrealized gain of approximately $ 5.9 million , net of tax, of which $ 4.6 million will be recognized in cost of product sales or other income over the following 12 months, at the then current values on a pre-tax basis, which can be different than the current quarter-end values. The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Beginning balance gain (loss) $ 4,296 $ (1,667 ) $ 7,157 $ (113 ) Net gains (losses) from changes in cash flow hedges 4,584 1,352 3,658 (706 ) Net (gains) losses reclassified to earnings (3,012 ) 681 (4,947 ) 1,185 Ending balance gain $ 5,868 $ 366 $ 5,868 $ 366 At January 31, 2015 , the Company had forward contracts outstanding for its European and Canadian operations of US$ 50.8 million and US$ 24.5 million , respectively, that were designated as cash flow hedges. Derivatives Not Designated as Hedging Instruments As of August 1, 2015 , the Company had euro foreign currency contracts to purchase US$ 81.9 million expected to mature over the next 12 months and Canadian dollar foreign currency contracts to purchase US $14.3 million expected to mature over the next seven months . The following table summarizes the gains before taxes recognized on the derivative instruments not designated as hedging instruments in other income for the three and six months ended August 1, 2015 and August 2, 2014 (in thousands): Location of Gain Recognized in Earnings Gain Recognized in Earnings Gain Recognized in Earnings Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other income/expense $ 2,860 $ 3,984 $ 2,159 $ 1,195 Interest rate swaps Other income/expense $ 47 $ 57 $ 96 $ 132 At January 31, 2015 , the Company had euro foreign currency contracts to purchase US$ 59.3 million and Canadian dollar foreign currency contracts to purchase US$ 19.9 million .

Subsequent Events

Subsequent Events	6 Months Ended
	Aug. 01, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 26, 2015 , the Company announced a regular quarterly cash dividend of $0.225 per share on the Company’s common stock. The cash dividend will be paid on September 25, 2015 to shareholders of record as of the close of business on September 9, 2015 .

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Aug. 01, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of Guess?, Inc., its wholly-owned direct and indirect subsidiaries and its non wholly-owned subsidiaries and joint ventures in which the Company has a controlling financial interest and is determined to be the primary beneficiary. Accordingly, all references herein to “Guess?, Inc.” include the consolidated results of the Company, its wholly-owned subsidiaries and its joint ventures. All intercompany accounts and transactions are eliminated during the consolidation process.
Reclassifications	Reclassifications The Company has made certain reclassifications to prior year amounts to conform to the current period presentation within the accompanying notes to the condensed consolidated financial statements.
New Accounting Guidance	New Accounting Guidance In April 2014, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance which raises the threshold for disposals to qualify as discontinued operations. Under this new guidance, a discontinued operation is (1) a component of an entity or group of components that have been disposed of or are classified as held for sale and represent a strategic shift that has or will have a major effect on an entity’s operations and financial results, or (2) an acquired business that is classified as held for sale on the acquisition date. This guidance also requires expanded or new disclosures for discontinued operations, individually material disposals that do not meet the definition of a discontinued operation, an entity’s continuing involvement with a discontinued operation following disposal and retained equity method investments in a discontinued operation. The Company adopted this guidance effective February 1, 2015. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements for the three and six months ended August 1, 2015 . In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition that requires companies to exercise judgment when considering contract terms and relevant facts and circumstances. The five-step model includes (1) identifying the contract, (2) identifying the separate performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations and (5) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2017, which will be the Company’s first quarter of fiscal 2019, and allows for either full retrospective or modified retrospective adoption. Early adoption is permitted for fiscal periods beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption. In August 2014, the FASB issued authoritative guidance that requires an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern and requires additional disclosures if certain criteria are met. This guidance is effective for fiscal periods ending after December 15, 2016, which will be the Company’s fourth quarter of fiscal 2017, with early adoption permitted. The adoption of this guidance is not expected to impact the Company’s consolidated financial statements or related disclosures. In February 2015, the FASB issued authoritative guidance which modifies existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. This guidance is effective for fiscal periods beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and allows for either full retrospective or modified retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements, including the choice of application method upon adoption. In April 2015, the FASB issued authoritative guidance to simplify the presentation of debt issuance costs by requiring such costs to be presented as a deduction from the corresponding debt liability. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires retrospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In April 2015, the FASB issued authoritative guidance which would permit an entity to measure its defined benefit plan assets and obligations using the calendar month-end that is closest to the entity’s fiscal period-end for interim and annual periods. This guidance is effective for fiscal years beginning after December 15, 2015, which will be the Company’s first quarter of fiscal 2017, and requires prospective adoption, with early adoption permitted. The Company is currently evaluating whether it will adopt this guidance, but if adopted, this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures. In July 2015, the FASB issued authoritative guidance to simplify the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. This guidance is effective for fiscal years beginning after December 15, 2016, which will be the Company’s first quarter of fiscal 2018, and requires prospective adoption, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements or related disclosures.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 01, 2015
Earnings Per Share [Abstract]
Computation of basic and diluted net earnings per common share attributable to common stockholders	The computation of basic and diluted net earnings per common share attributable to common stockholders is as follows (in thousands, except per share data): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Net earnings attributable to Guess?, Inc. $ 18,289 $ 21,954 $ 21,630 $ 19,853 Less net earnings attributable to nonvested restricted stockholders 143 167 227 292 Net earnings attributable to common stockholders $ 18,146 $ 21,787 $ 21,403 $ 19,561 Weighted average common shares used in basic computations 85,004 84,573 84,985 84,536 Effect of dilutive securities: Stock options and restricted stock units 286 226 147 229 Weighted average common shares used in diluted computations 85,290 84,799 85,132 84,765 Net earnings per common share attributable to common stockholders: Basic $ 0.21 $ 0.26 $ 0.25 $ 0.23 Diluted $ 0.21 $ 0.26 $ 0.25 $ 0.23

Stockholders' Equity and Rede25

Stockholders' Equity and Redeemable Noncontrolling Interests (Tables)	6 Months Ended
	Aug. 01, 2015
Stockholders' Equity and Redeemable Noncontrolling Interests [Abstract]
Reconciliation of common stock outstanding, treasury stock and the total carrying amount of total stockholders' equity, Guess, Inc. stockholders' equity and stockholders' equity attributable to nonredeemable and redeemable noncontrolling interests	A reconciliation of common stock outstanding, treasury stock and the total carrying amount of total stockholders’ equity, Guess?, Inc. stockholders’ equity and stockholders’ equity attributable to nonredeemable and redeemable noncontrolling interests for the fiscal year ended January 31, 2015 and six months ended August 1, 2015 is as follows (in thousands, except share data): Shares Stockholders’ Equity Common Stock Treasury Stock Guess?, Inc. Stockholders’ Equity Nonredeemable Noncontrolling Interests Total Redeemable Noncontrolling Interests Balance at February 1, 2014 84,962,345 54,283,384 $ 1,154,514 $ 15,472 $ 1,169,986 $ 5,830 Net earnings — — 94,570 2,614 97,184 — Foreign currency translation adjustment — — (114,566 ) (2,141 ) (116,707 ) (788 ) Gain on derivative financial instruments designated as cash flow hedges, net of income tax of ($721) — — 7,270 — 7,270 — Loss on marketable securities, net of income tax of $61 — — (106 ) — (106 ) — Prior service credit amortization and actuarial valuation loss and related amortization on defined benefit plans, net of income tax of $2,335 — — (5,862 ) — (5,862 ) — Issuance of common stock under stock compensation plans, net of tax effect 313,271 — (1,937 ) — (1,937 ) — Issuance of stock under Employee Stock Purchase Plan 47,538 (47,538 ) 1,008 — 1,008 — Share-based compensation — — 15,342 — 15,342 — Dividends — — (76,982 ) — (76,982 ) — Noncontrolling interest capital distribution — — — (355 ) (355 ) — Redeemable noncontrolling interest redemption value adjustment — — 605 — 605 (605 ) Balance at January 31, 2015 85,323,154 54,235,846 $ 1,073,856 $ 15,590 $ 1,089,446 $ 4,437 Net earnings — — 21,630 836 22,466 — Foreign currency translation adjustment — — (21,036 ) (600 ) (21,636 ) (308 ) Loss on derivative financial instruments designated as cash flow hedges, net of income tax of $44 — — (1,289 ) — (1,289 ) — Loss on marketable securities, net of income tax of $6 — — (8 ) — (8 ) — Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax of ($3,979) — — 6,594 — 6,594 — Issuance of common stock under stock compensation plans, net of tax effect 416,804 — (1,842 ) — (1,842 ) — Issuance of stock under Employee Stock Purchase Plan 23,482 (23,482 ) 374 — 374 — Share-based compensation — — 8,052 — 8,052 — Dividends — — (38,658 ) — (38,658 ) — Noncontrolling interest capital distribution — — — (3,830 ) (3,830 ) — Redeemable noncontrolling interest redemption value adjustment — — (1,220 ) — (1,220 ) 1,220 Balance at August 1, 2015 85,763,440 54,212,364 $ 1,046,453 $ 11,996 $ 1,058,449 $ 5,349
Schedule of changes in accumulated other comprehensive income (loss), net of related income taxes	The changes in accumulated other comprehensive income (loss), net of related income taxes, for the three and six months ended August 1, 2015 and August 2, 2014 are as follows (in thousands): Three Months Ended Aug 1, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at May 2, 2015 $ (121,908 ) $ 4,296 $ (7 ) $ (12,344 ) $ (129,963 ) Gains (losses) arising during the period (20,697 ) 4,584 (4 ) 7,026 (9,091 ) Reclassification to net earnings for gains realized — (3,012 ) — (738 ) (3,750 ) Net other comprehensive income (loss) (20,697 ) 1,572 (4 ) 6,288 (12,841 ) Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Six Months Ended Aug 1, 2015 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at January 31, 2015 $ (121,569 ) $ 7,157 $ (3 ) $ (12,650 ) $ (127,065 ) Gains (losses) arising during the period (21,036 ) 3,658 (8 ) 7,026 (10,360 ) Reclassification to net earnings for gains realized — (4,947 ) — (432 ) (5,379 ) Net other comprehensive income (loss) (21,036 ) (1,289 ) (8 ) 6,594 (15,739 ) Balance at August 1, 2015 $ (142,605 ) $ 5,868 $ (11 ) $ (6,056 ) $ (142,804 ) Three Months Ended Aug 2, 2014 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at May 3, 2014 $ 14,846 $ (1,667 ) $ 33 $ (6,679 ) $ 6,533 Gains (losses) arising during the period (19,424 ) 1,352 (25 ) — (18,097 ) Reclassification to net earnings for losses realized — 681 — 109 790 Net other comprehensive income (loss) (19,424 ) 2,033 (25 ) 109 (17,307 ) Balance at August 2, 2014 $ (4,578 ) $ 366 $ 8 $ (6,570 ) $ (10,774 ) Six Months Ended Aug 2, 2014 Foreign Currency Translation Adjustment Derivative Financial Instruments Designated as Cash Flow Hedges Marketable Securities Defined Benefit Plans Total Balance at February 1, 2014 $ (7,003 ) $ (113 ) $ 103 $ (6,788 ) $ (13,801 ) Gains (losses) arising during the period 2,425 (706 ) (41 ) — 1,678 Reclassification to net earnings for (gains) losses realized — 1,185 (54 ) 218 1,349 Net other comprehensive income (loss) 2,425 479 (95 ) 218 3,027 Balance at August 2, 2014 $ (4,578 ) $ 366 $ 8 $ (6,570 ) $ (10,774 )
Reclassifications out of accumulated other comprehensive income (loss) to net earnings	Details on reclassifications out of accumulated other comprehensive income (loss) to net earnings during the three and six months ended August 1, 2015 and August 2, 2014 are as follows (in thousands): Three Months Ended Six Months Ended Location of (Gain) Loss Reclassified from Accumulated OCI into Earnings Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Derivative financial instruments designated as cash flow hedges: Foreign exchange currency contracts $ (3,193 ) $ 265 $ (4,943 ) $ 759 Cost of product sales Foreign exchange currency contracts (330 ) 25 (816 ) 56 Other income/expense Less income tax effect 511 391 812 370 Income tax expense (3,012 ) 681 (4,947 ) 1,185 Marketable securities: Available-for-sale securities — — — (87 ) Other income/expense Less income tax effect — — — 33 Income tax expense — — — (54 ) Defined benefit plans: Actuarial loss amortization 430 235 943 469 (1) Prior service credit amortization (39 ) (58 ) (97 ) (116 ) (1) Curtailment (1,651 ) — (1,651 ) — (1) Less income tax effect 522 (68 ) 373 (135 ) Income tax expense (738 ) 109 (432 ) 218 Total reclassifications during the period $ (3,750 ) $ 790 $ (5,379 ) $ 1,349 __________________________________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Aug. 01, 2015
Receivables [Abstract]
Schedule of accounts receivable	Accounts receivable is summarized as follows (in thousands): Aug 1, 2015 Jan 31, 2015 Trade $ 208,976 $ 229,618 Royalty 10,830 10,118 Other 8,404 8,389 228,210 248,125 Less allowance for doubtful accounts 29,475 31,920 $ 198,735 $ 216,205

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Aug. 01, 2015
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following (in thousands): Aug 1, 2015 Jan 31, 2015 Raw materials $ 3,409 $ 4,548 Work in progress 59 77 Finished goods 331,992 314,453 $ 335,460 $ 319,078

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Aug. 01, 2015
Restructuring Charges [Abstract]
Summary of restructuring activities related primarily to severance	The following table summarizes restructuring activities related primarily to severance during the fiscal year ended January 31, 2015 and six months ended August 1, 2015 (in thousands): Total Balance at February 1, 2014 $ 4,578 Cash payments (2,952 ) Foreign currency and other adjustments (1,350 ) Balance at January 31, 2015 $ 276 Cash payments (39 ) Foreign currency and other adjustments (56 ) Balance at August 1, 2015 $ 181

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Aug. 01, 2015
Segment Reporting [Abstract]
Summary of net revenue and earnings (loss) from operations by segment	Net revenue and earnings (loss) from operations are summarized as follows for the three and six months ended August 1, 2015 and August 2, 2014 (in thousands): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Net revenue: Americas Retail(1) $ 232,456 $ 244,000 $ 446,705 $ 472,344 Europe 199,375 235,260 336,772 394,418 Asia 56,745 64,267 120,780 134,385 Americas Wholesale(1) 32,361 38,252 69,639 77,560 Licensing 25,327 26,792 51,192 52,405 Total net revenue $ 546,264 $ 608,571 $ 1,025,088 $ 1,131,112 Earnings (loss) from operations: Americas Retail(1) $ 5,244 $ (4,662 ) $ (1,965 ) $ (13,061 ) Europe 18,186 24,513 14,518 17,881 Asia 887 2,264 5,500 5,617 Americas Wholesale(1) 4,872 5,167 11,619 12,920 Licensing 22,415 24,909 45,440 47,630 Corporate Overhead (25,403 ) (22,333 ) (44,558 ) (43,106 ) Total earnings from operations $ 26,201 $ 29,858 $ 30,554 $ 27,881 __________________________________ (1) Beginning in the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment.

Borrowings and Capital Lease 30

Borrowings and Capital Lease Obligations (Tables)	6 Months Ended
	Aug. 01, 2015
Debt Disclosure [Abstract]
Summary of borrowings and capital lease obligations	Borrowings and capital lease obligations are summarized as follows (in thousands): Aug 1, 2015 Jan 31, 2015 European capital lease, maturing quarterly through May 2016 $ 4,840 $ 5,745 Other 2,057 1,968 6,897 7,713 Less current installments 4,840 1,548 Long-term debt and capital lease obligations $ 2,057 $ 6,165

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Aug. 01, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of share-based compensation expense recognized under all of the Company's stock plans	The following table summarizes the share-based compensation expense recognized under all of the Company’s stock plans during the three and six months ended August 1, 2015 and August 2, 2014 (in thousands): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Stock options $ 439 $ 620 $ 920 $ 1,076 Stock awards/units 3,950 3,439 7,037 6,377 Employee Stock Purchase Plan 51 97 95 160 Total share-based compensation expense $ 4,440 $ 4,156 $ 8,052 $ 7,613
Schedule of activity for nonvested performance-based awards	The following table summarizes the activity for nonvested performance-based awards during the six months ended August 1, 2015 : Number of Units Weighted Average Grant Date Fair Value Nonvested at January 31, 2015 413,834 $ 29.66 Granted 425,866 19.39 Vested (33,333 ) 27.86 Forfeited (159,700 ) 27.86 Nonvested at August 1, 2015 646,667 $ 23.44

Defined Benefit Plans (Tables)

Defined Benefit Plans (Tables)	6 Months Ended
	Aug. 01, 2015
Compensation and Retirement Disclosure [Abstract]
Components of net periodic defined benefit pension (credit) cost	The components of net periodic defined benefit pension (credit) cost for the three and six months ended August 1, 2015 and August 2, 2014 related to the SERP are as follows (in thousands): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Interest cost $ 495 $ 572 $ 991 $ 1,144 Net amortization of unrecognized prior service credit (39 ) (58 ) (97 ) (116 ) Net amortization of actuarial losses 290 235 718 469 Curtailment gain (1,651 ) — (1,651 ) — Net periodic defined benefit pension (credit) cost $ (905 ) $ 749 $ (39 ) $ 1,497

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Aug. 01, 2015
Fair Value Disclosures [Abstract]
Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of August 1, 2015 and January 31, 2015 (in thousands): Fair Value Measurements at Aug 1, 2015 Fair Value Measurements at Jan 31, 2015 Recurring Fair Value Measures Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Foreign exchange currency contracts $ — $ 8,446 $ — $ 8,446 $ — $ 15,542 $ — $ 15,542 Available-for-sale securities 23 — — 23 36 — — 36 Total $ 23 $ 8,446 $ — $ 8,469 $ 36 $ 15,542 $ — $ 15,578 Liabilities: Foreign exchange currency contracts $ — $ 207 $ — $ 207 $ — $ — $ — $ — Interest rate swap — 165 — 165 — 270 — 270 Deferred compensation obligations — 11,213 — 11,213 — 9,133 — 9,133 Total $ — $ 11,585 $ — $ 11,585 $ — $ 9,403 $ — $ 9,403

Derivative Financial Instrume34

Derivative Financial Instruments (Tables)	6 Months Ended
	Aug. 01, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of fair value of derivative instruments in the condensed consolidated balance sheets	The fair value of derivative instruments in the condensed consolidated balance sheets as of August 1, 2015 and January 31, 2015 is as follows (in thousands): Derivative Balance Sheet Location Fair Value at Fair Value at ASSETS: Derivatives designated as hedging instruments: Foreign exchange currency contracts: Cash flow hedges Other current assets/ Other assets $ 4,454 $ 6,597 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other current assets 3,992 8,945 Total $ 8,446 $ 15,542 LIABILITIES: Derivatives designated as hedging instruments: Foreign exchange currency contracts: Cash flow hedges Accrued expenses $ 76 $ — Derivatives not designated as hedging instruments: Foreign exchange currency contracts Accrued expenses 131 — Interest rate swaps Accrued expenses/ Other long-term liabilities 165 270 Total derivatives not designated as hedging instruments 296 270 Total $ 372 $ 270
Summary of gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings	The following table summarizes the gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings for the three and six months ended August 1, 2015 and August 2, 2014 (in thousands): Gain Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Three Months Ended Three Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 5,343 $ 1,866 Cost of product sales $ 3,193 $ (265 ) Foreign exchange currency contracts $ 378 $ 1 Other income/expense $ 330 $ (25 ) Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings(1) Gain (Loss) Reclassified from Accumulated OCI into Earnings Six Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Derivatives designated as cash flow hedges: Foreign exchange currency contracts $ 4,196 $ (706 ) Cost of product sales $ 4,943 $ (759 ) Foreign exchange currency contracts $ 230 $ (106 ) Other income/expense $ 816 $ (56 ) __________________________________ (1) The ineffective portion was immaterial during the three and six months ended August 1, 2015 and August 2, 2014 and was recorded in net earnings and included in interest income/expense.
Summary of net after-tax derivative activity recorded in accumulated other comprehensive income (loss)	The following table summarizes net after-tax derivative activity recorded in accumulated other comprehensive income (loss) (in thousands): Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Beginning balance gain (loss) $ 4,296 $ (1,667 ) $ 7,157 $ (113 ) Net gains (losses) from changes in cash flow hedges 4,584 1,352 3,658 (706 ) Net (gains) losses reclassified to earnings (3,012 ) 681 (4,947 ) 1,185 Ending balance gain $ 5,868 $ 366 $ 5,868 $ 366
Summary of gains before taxes recognized on the derivative instruments not designated as hedging instruments in other income	The following table summarizes the gains before taxes recognized on the derivative instruments not designated as hedging instruments in other income for the three and six months ended August 1, 2015 and August 2, 2014 (in thousands): Location of Gain Recognized in Earnings Gain Recognized in Earnings Gain Recognized in Earnings Three Months Ended Six Months Ended Aug 1, 2015 Aug 2, 2014 Aug 1, 2015 Aug 2, 2014 Derivatives not designated as hedging instruments: Foreign exchange currency contracts Other income/expense $ 2,860 $ 3,984 $ 2,159 $ 1,195 Interest rate swaps Other income/expense $ 47 $ 57 $ 96 $ 132

Basis of Presentation (Details)

Basis of Presentation (Details)	12 Months Ended
	Jan. 30, 2016	Jan. 31, 2015	Feb. 01, 2014
Fiscal Year
Number of days in fiscal year		364 days	364 days
Forecast
Fiscal Year
Number of days in fiscal year	364 days

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Earnings Per Share [Abstract]
Net earnings attributable to Guess, Inc.	$ 18,289	$ 21,954	$ 21,630	$ 19,853
Less net earnings attributable to nonvested restricted stockholders	143	167	227	292
Net earnings attributable to common stockholders	$ 18,146	$ 21,787	$ 21,403	$ 19,561
Weighted average common shares used in basic computations	85,004,000	84,573,000	84,985,000	84,536,000
Effect of dilutive securities:
Stock options and restricted stock units (in shares)	286,000	226,000	147,000	229,000
Weighted average common shares used in diluted computations	85,290,000	84,799,000	85,132,000	84,765,000
Net earnings per common share attributable to common stockholders:
Basic (in dollars per share)	$ 0.21	$ 0.26	$ 0.25	$ 0.23
Diluted (in dollars per share)	$ 0.21	$ 0.26	$ 0.25	$ 0.23
Antidilutive securities excluded from computation of earnings per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares	2,525,300	1,666,111	2,473,325	1,549,291
Performance-based or market-based units
Antidilutive securities excluded from computation of earnings per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares	425,866		425,866
Restricted stock units
Antidilutive securities excluded from computation of earnings per share
Antidilutive equity awards excluded from computation of diluted weighted average common shares		259,700		259,700

Earnings Per Share (Details 2)

Earnings Per Share (Details 2) - Common Stock - USD ($)	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	Jun. 26, 2012
Share Repurchase Program
Number of common stock repurchased (in shares)	0	0	0	0
Shares repurchased, aggregate cost	$ 0	$ 0	$ 0	$ 0
2012 Share Repurchase Program
Share Repurchase Program
Value of common stock remaining to be repurchased	$ 495,800,000		$ 495,800,000
2012 Share Repurchase Program | Minimum
Share Repurchase Program
Number of common stock authorized to be repurchased (in shares)	0		0
2012 Share Repurchase Program | Maximum
Share Repurchase Program
Value of common stock authorized to be repurchased					$ 500,000,000
Number of common stock authorized to be repurchased (in shares)	0		0

Stockholders' Equity and Rede38

Stockholders' Equity and Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	Jan. 31, 2015
Stockholders' equity reconciliation
Common stock (in shares), beginning of the period			85,323,154
Treasury stock (in shares), beginning of the period			54,235,846
Stockholders' equity, balance at the beginning of the period			$ 1,089,446	$ 1,169,986	$ 1,169,986
Net earnings	$ 18,479	$ 22,272	22,466	$ 20,085	97,184
Foreign currency translation adjustment			(21,636)		(116,707)
Gain (loss) on derivative financial instruments designated as cash flow hedges, net of income tax			(1,289)		7,270
Loss on marketable securities, net of income tax			(8)		(106)
Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax			6,594		(5,862)
Issuance of common stock under stock compensation plans, net of tax effect			(1,842)		(1,937)
Issuance of stock under Employee Stock Purchase Plan			374		1,008
Share-based compensation			8,052		15,342
Dividends			(38,658)		(76,982)
Noncontrolling interest capital distribution			(3,830)		(355)
Redeemable noncontrolling interest redemption value adjustment			$ (1,220)		$ 605
Common stock (in shares), end of the period	85,763,440		85,763,440		85,323,154
Treasury stock (in shares), end of the period	54,212,364		54,212,364		54,235,846
Stockholders' equity, balance at the end of the period	$ 1,058,449		$ 1,058,449		$ 1,089,446
Comprehensive income (loss), income tax effect
Gain (loss) on derivative financial instruments designated as cash flow hedges, tax effect			44		(721)
Loss on marketable securities, tax effect			6		61
Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, tax effect			$ (3,979)		$ 2,335
Common Stock
Stockholders' equity reconciliation
Common stock (in shares), beginning of the period			85,323,154	84,962,345	84,962,345
Issuance of common stock under stock compensation plans (in shares)			416,804		313,271
Issuance of stock under Employee Stock Purchase Plan (in shares)			23,482		47,538
Common stock (in shares), end of the period	85,763,440		85,763,440		85,323,154
Treasury Stock
Stockholders' equity reconciliation
Treasury stock (in shares), beginning of the period			54,235,846	54,283,384	54,283,384
Issuance of stock under Employee Stock Purchase Plan (in shares)			(23,482)		(47,538)
Treasury stock (in shares), end of the period	54,212,364		54,212,364		54,235,846
Guess, Inc. Stockholders’ Equity
Stockholders' equity reconciliation
Stockholders' equity, balance at the beginning of the period			$ 1,073,856	$ 1,154,514	$ 1,154,514
Net earnings			21,630		94,570
Foreign currency translation adjustment			(21,036)		(114,566)
Gain (loss) on derivative financial instruments designated as cash flow hedges, net of income tax			(1,289)		7,270
Loss on marketable securities, net of income tax			(8)		(106)
Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax			6,594		(5,862)
Issuance of common stock under stock compensation plans, net of tax effect			(1,842)		(1,937)
Issuance of stock under Employee Stock Purchase Plan			374		1,008
Share-based compensation			8,052		15,342
Dividends			(38,658)		(76,982)
Noncontrolling interest capital distribution			0		0
Redeemable noncontrolling interest redemption value adjustment			(1,220)		605
Stockholders' equity, balance at the end of the period	$ 1,046,453		1,046,453		1,073,856
Nonredeemable Noncontrolling Interests
Stockholders' equity reconciliation
Stockholders' equity, balance at the beginning of the period			15,590	$ 15,472	15,472
Net earnings			836		2,614
Foreign currency translation adjustment			(600)		(2,141)
Gain (loss) on derivative financial instruments designated as cash flow hedges, net of income tax			0		0
Loss on marketable securities, net of income tax			0		0
Actuarial valuation gain (loss) and related amortization, curtailment and prior service credit amortization on defined benefit plans, net of income tax			0		0
Issuance of common stock under stock compensation plans, net of tax effect			0		0
Issuance of stock under Employee Stock Purchase Plan			0		0
Share-based compensation			0		0
Dividends			0		0
Noncontrolling interest capital distribution			(3,830)		(355)
Redeemable noncontrolling interest redemption value adjustment			0		0
Stockholders' equity, balance at the end of the period	$ 11,996		$ 11,996		$ 15,590

Stockholders' Equity and Rede39

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 2) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Aug. 01, 2015	Jan. 31, 2015	Aug. 01, 2015
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, value at the beginning of the period	$ 4,437	$ 5,830
Foreign currency translation adjustment	(308)	(788)
Redeemable noncontrolling interest redemption value adjustment	1,220	(605)
Redeemable noncontrolling interest, value at the end of the period	5,349	4,437
Redeemable noncontrolling interests put arrangements
Redeemable noncontrolling interests	4,437	5,830	$ 5,349
Guess Sud
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, value at the beginning of the period	3,400
Redeemable noncontrolling interest, value at the end of the period	$ 4,500	3,400
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)			40.00%
Initial date put option can be exercised by noncontrolling interest holders	Jan. 30, 2012
Redeemable noncontrolling interests	$ 3,400	3,400	$ 4,500
Guess Brazil
Redeemable noncontrolling interests reconciliation
Redeemable noncontrolling interest, value at the beginning of the period	1,000
Redeemable noncontrolling interest, value at the end of the period	$ 800	1,000
Redeemable noncontrolling interests put arrangements
Total outstanding equity interest in subsidiary covered by put arrangement (as a percent)			40.00%
Initial period put option can be exercised by noncontrolling interest holder (by year)	6 years
Period put arrangement can be exercised by noncontrolling interest holder after initial and subsequent exercise periods, subject to certain time restrictions (by year)	3 years
Redeemable noncontrolling interests	$ 1,000	$ 1,000	$ 800

Stockholders' Equity and Rede40

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Accumulated other comprehensive income (loss), net of tax
Beginning balance	$ (129,963)	$ 6,533	$ (127,065)	$ (13,801)
Gains (losses) arising during the period	(9,091)	(18,097)	(10,360)	1,678
Reclassification to net earnings for (gains) losses realized	(3,750)	790	(5,379)	1,349
Net other comprehensive income (loss)	(12,841)	(17,307)	(15,739)	3,027
Ending balance	(142,804)	(10,774)	(142,804)	(10,774)
Foreign Currency Translation Adjustment
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(121,908)	14,846	(121,569)	(7,003)
Gains (losses) arising during the period	(20,697)	(19,424)	(21,036)	2,425
Reclassification to net earnings for (gains) losses realized	0	0	0	0
Net other comprehensive income (loss)	(20,697)	(19,424)	(21,036)	2,425
Ending balance	(142,605)	(4,578)	(142,605)	(4,578)
Derivative Financial Instruments Designated as Cash Flow Hedges
Accumulated other comprehensive income (loss), net of tax
Beginning balance	4,296	(1,667)	7,157	(113)
Gains (losses) arising during the period	4,584	1,352	3,658	(706)
Reclassification to net earnings for (gains) losses realized	(3,012)	681	(4,947)	1,185
Net other comprehensive income (loss)	1,572	2,033	(1,289)	479
Ending balance	5,868	366	5,868	366
Marketable Securities
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(7)	33	(3)	103
Gains (losses) arising during the period	(4)	(25)	(8)	(41)
Reclassification to net earnings for (gains) losses realized	0	0	0	(54)
Net other comprehensive income (loss)	(4)	(25)	(8)	(95)
Ending balance	(11)	8	(11)	8
Defined Benefit Plans
Accumulated other comprehensive income (loss), net of tax
Beginning balance	(12,344)	(6,679)	(12,650)	(6,788)
Gains (losses) arising during the period	7,026	0	7,026	0
Reclassification to net earnings for (gains) losses realized	(738)	109	(432)	218
Net other comprehensive income (loss)	6,288	109	6,594	218
Ending balance	$ (6,056)	$ (6,570)	$ (6,056)	$ (6,570)

Stockholders' Equity and Rede41

Stockholders' Equity and Redeemable Noncontrolling Interests (Details 4) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Cost of product sales		$ 348,147	$ 391,794	$ 661,486	$ 738,104
Other income/expense		(3,708)	(4,766)	(6,334)	(3,647)
Actuarial loss amortization		430	235	943	469
Prior service credit amortization		(39)	(58)	(97)	(116)
Curtailment		(1,651)	0	(1,651)	0
Income tax expense		10,940	11,900	13,769	10,871
Net earnings attributable to Guess, Inc.		(18,289)	(21,954)	(21,630)	(19,853)
Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Net earnings attributable to Guess, Inc.		(3,750)	790	(5,379)	1,349
Derivative Financial Instruments Designated as Cash Flow Hedges | Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Cost of product sales		(3,193)	265	(4,943)	759
Other income/expense		(330)	25	(816)	56
Income tax expense		511	391	812	370
Net earnings attributable to Guess, Inc.		(3,012)	681	(4,947)	1,185
Marketable Securities | Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Other income/expense		0	0	0	(87)
Income tax expense		0	0	0	33
Net earnings attributable to Guess, Inc.		0	0	0	(54)
Defined Benefit Plans | Reclassifications out of accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss) to net earnings
Actuarial loss amortization	[1]	430	235	943	469
Prior service credit amortization	[1]	(39)	(58)	(97)	(116)
Curtailment	[1]	(1,651)	0	(1,651)	0
Income tax expense		522	(68)	373	(135)
Net earnings attributable to Guess, Inc.		$ (738)	$ 109	$ (432)	$ 218
[1]	These accumulated other comprehensive income (loss) components are included in the computation of net periodic defined benefit pension cost. Refer to Note 13 for further information.

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Accounts receivable
Accounts receivable, gross	$ 228,210	$ 248,125
Less allowance for doubtful accounts	29,475	31,920
Accounts receivable, net	198,735	216,205
Trade receivables
Accounts receivable
Accounts receivable, gross	208,976	229,618
Royalty receivables
Accounts receivable
Accounts receivable, gross	10,830	10,118
Other receivables
Accounts receivable
Accounts receivable, gross	$ 8,404	$ 8,389

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 3,409	$ 4,548
Work in progress	59	77
Finished goods	331,992	314,453
Inventories	335,460	319,078
Allowance to write down inventories to the lower of cost or market	$ 18,600	$ 19,700

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	Jan. 31, 2015	Feb. 01, 2014
Restructuring activity
Restructuring charges	$ 0	$ 0	$ 0	$ 0
Severance, impairment and lease termination costs
Restructuring activity
Restructuring charges						$ 12,400,000
Severance
Restructuring reserve activity
Beginning balance			276,000	$ 4,578,000	$ 4,578,000
Cash payments			(39,000)		(2,952,000)
Foreign currency and other adjustments			(56,000)		(1,350,000)
Ending balance	181,000		181,000		276,000	$ 4,578,000
Accrued expenses
Restructuring activity
Restructuring reserve included in accrued expenses	$ 181,000		$ 181,000		$ 276,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Jan. 31, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	38.00%	35.10%
Aggregate accruals for uncertain tax positions, including penalties and interest	$ 14.3		$ 14.4

Segment Information (Details)

Segment Information (Details) $ in Thousands		3 Months Ended		6 Months Ended
		Aug. 01, 2015USD ($)	Aug. 02, 2014USD ($)	Aug. 01, 2015USD ($)segment	Aug. 02, 2014USD ($)
Segment information of net revenue and earnings (loss) from operations
Number of reportable segments | segment				5
Net revenue		$ 546,264	$ 608,571	$ 1,025,088	$ 1,131,112
Licensing		25,327	26,792	51,192	52,405
Earnings (loss) from operations		26,201	29,858	30,554	27,881
Corporate Overhead
Segment information of net revenue and earnings (loss) from operations
Earnings (loss) from operations		(25,403)	(22,333)	(44,558)	(43,106)
Americas Retail
Segment information of net revenue and earnings (loss) from operations
Net revenue	[1]	232,456	244,000	446,705	472,344
Earnings (loss) from operations	[1]	5,244	(4,662)	(1,965)	(13,061)
Europe
Segment information of net revenue and earnings (loss) from operations
Net revenue		199,375	235,260	336,772	394,418
Earnings (loss) from operations		18,186	24,513	14,518	17,881
Asia
Segment information of net revenue and earnings (loss) from operations
Net revenue		56,745	64,267	120,780	134,385
Earnings (loss) from operations		887	2,264	5,500	5,617
Americas Wholesale
Segment information of net revenue and earnings (loss) from operations
Net revenue	[1]	32,361	38,252	69,639	77,560
Earnings (loss) from operations	[1]	4,872	5,167	11,619	12,920
Licensing
Segment information of net revenue and earnings (loss) from operations
Licensing		25,327	26,792	51,192	52,405
Earnings (loss) from operations		$ 22,415	$ 24,909	$ 45,440	$ 47,630
[1]	Beginning in the second quarter of fiscal 2016, the Company changed the names of its “North American Retail” and “North American Wholesale” segments to “Americas Retail” and “Americas Wholesale” to better reflect that these segments are inclusive of its operations in North America as well as Central and South America. There have been no changes to the underlying reporting in either segment.

Borrowings and Capital Lease 47

Borrowings and Capital Lease Obligations (Details)	Jun. 23, 2015USD ($)	Aug. 01, 2015USD ($)facility	Jan. 31, 2015USD ($)
Borrowings and capital lease obligations
European capital lease, maturing quarterly through May 2016		$ 4,840,000	$ 5,745,000
Other debt		2,057,000	1,968,000
Capital lease obligations and borrowings, total		6,897,000	7,713,000
Less current installments		4,840,000	1,548,000
Long-term debt and capital lease obligations		2,057,000	$ 6,165,000
Europe | Foreign line of credit
Credit Facilities
Current borrowing capacity		80,800,000
Credit Facility, outstanding amount		$ 0
Interest rate, low end of the range (as a percent)		0.90%
Interest rate, high end of the range (as a percent)		6.80%
Number of credit facilities subject to minimum net equity requirement | facility		1
Maximum borrowing capacity of the credit facility which is subject to a minimum net equity requirement		$ 38,400,000
Europe | Documentary letters of credit | Foreign line of credit
Credit Facilities
Letters of credit outstanding		3,000,000
European capital lease, maturing quarterly through May 2016 | Italy
Borrowings and capital lease obligations
European capital lease, maturing quarterly through May 2016		$ 4,840,000
Capital Lease
Lease expiration date		May 1, 2016
European capital lease, maturing quarterly through May 2016 | Italy | Interest rate swaps
Capital Lease
Fixed rate of interest rate swap designated as a non-hedging instrument (as a percent)		3.55%
Interest rate swap maturity date		Feb. 1, 2016
Fair value of the interest rate swap liability		$ 200,000
Credit Facility
Credit Facilities
Credit Facility, outstanding amount		$ 0
Priority level for Credit Facility		secured by a first priority lien on substantially all of the assets of the Company and such domestic and Canadian subsidiaries
Credit Facility | Revolving Credit Facility
Credit Facilities
Debt maturity period (in years)	5 years
Maximum borrowing capacity	$ 150,000,000	$ 150,000,000
Current borrowing capacity		150,000,000
Credit Facility | Accordion feature
Credit Facilities
Maximum borrowing capacity	150,000,000	$ 150,000,000
Credit Facility | Prior credit facility
Credit Facilities
Maximum borrowing capacity	$ 300,000,000
Debt maturity date	Jul. 31, 2016
Credit Facility, outstanding amount	$ 0
Accrued interest	0
Credit Facility | U.S. line of credit | Base rate | Minimum
Credit Facilities
Interest rate margin (as a percent)		0.25%
Credit Facility | U.S. line of credit | Base rate | Maximum
Credit Facilities
Interest rate margin (as a percent)		0.75%
Credit Facility | U.S. line of credit | LIBOR
Credit Facilities
Interest rate margin (as a percent)		1.00%
Credit Facility | U.S. line of credit | LIBOR | Minimum
Credit Facilities
Interest rate margin (as a percent)		1.25%
Credit Facility | U.S. line of credit | LIBOR | Maximum
Credit Facilities
Interest rate margin (as a percent)		1.75%
Credit Facility | U.S. line of credit | Federal funds rate
Credit Facilities
Interest rate margin (as a percent)		0.50%
Credit Facility | Standby letters of credit
Credit Facilities
Letters of credit outstanding		$ 1,700,000
Credit Facility | Documentary letters of credit
Credit Facilities
Letters of credit outstanding		0
Credit Facility | Canada | Foreign line of credit
Credit Facilities
Maximum borrowing capacity	$ 50,000,000	$ 50,000,000
Credit Facility | Canada | Foreign line of credit | Prime rate | Minimum
Credit Facilities
Interest rate margin (as a percent)		0.25%
Credit Facility | Canada | Foreign line of credit | Prime rate | Maximum
Credit Facilities
Interest rate margin (as a percent)		0.75%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate
Credit Facilities
Interest rate margin (as a percent)		1.00%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate | Minimum
Credit Facilities
Interest rate margin (as a percent)		1.25%
Credit Facility | Canada | Foreign line of credit | Canadian BA rate | Maximum
Credit Facilities
Interest rate margin (as a percent)		1.75%
Credit Facility | Canada | Foreign line of credit | Bank of Canada overnight rate
Credit Facilities
Interest rate margin (as a percent)		0.50%

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 07, 2015	May. 01, 2015	Apr. 02, 2015	Apr. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 4,440	$ 4,156	$ 8,052	$ 7,613
Share-Based Compensation, Additional Disclosures
Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock options					5,100		$ 5,100
Weighted average fair values of stock options granted during the period (in dollars per share)							$ 3.71	$ 6.23
Granted (in shares)			577,700	365,600
CEO
Share-Based Compensation, Additional Disclosures
Granted (in shares)	600,000
Employee Stock Purchase Plan
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					51	97	$ 95	$ 160
Stock option
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 439	620	$ 920	1,076
Share-Based Compensation, Additional Disclosures
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)					1 year 8 months 12 days		1 year 8 months 12 days
Nonvested stock awards/units
Disclosure of share-based compensation information under stock plans
Share-based compensation expense					$ 3,950	$ 3,439	$ 7,037	$ 6,377
Share-Based Compensation, Additional Disclosures
Unrecognized compensation cost, adjusted for estimated forfeitures, related to nonvested stock awards/units					$ 29,300		$ 29,300
Weighted average period for recognition of unrecognized compensation cost (in years/months/days)					1 year 8 months 12 days		1 year 8 months 12 days
Number of Units
Granted (in shares)			401,700	301,200
Nonvested stock awards/units | CEO
Number of Units
Granted (in shares)	250,000
Restricted stock units | CEO
Number of Units
Granted (in shares)	150,000
Performance-based awards/units
Number of Units
Nonvested at the beginning of the period (in shares)							413,834
Granted (in shares)							425,866
Vested (in shares)							(33,333)
Forfeited (in shares)							(159,700)
Nonvested at the end of the period (in shares)					646,667		646,667
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)							$ 29.66
Granted (in dollars per share)							19.39
Vested (in dollars per share)							27.86
Forfeited (in dollars per share)							27.86
Nonvested at the end of the period (in dollars per share)					$ 23.44		$ 23.44
Performance Shares | CEO
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years/months)	6 months
Performance Shares | CEO | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)	25.00%
Performance Shares | CEO | Vesting, Tranche Two
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)	25.00%
Performance Shares | CEO | Vesting, Tranche Three
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)	25.00%
Performance Shares | CEO | Vesting, Tranche Four
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)	25.00%
Performance Shares | Executive Chairman of the Board and Chief Creative Officer
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years/months)							1 year
Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							1 year
Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche Two
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							1 year
Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche Three
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							1 year
Target Performance Shares | Executive Chairman of the Board and Chief Creative Officer
Share-Based Compensation, Additional Disclosures
Period which award is subject to a performance condition (in years/months)							1 year
Target Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Minimum
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)							0.00%
Target Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Maximum
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)							150.00%
Target Performance Shares | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting period (in years)							3 years
Market-based awards/units | Executive Chairman of the Board and Chief Creative Officer
Share-Based Compensation, Additional Disclosures
Period which award is subject to a market condition (in years)		3 years
Number of Units
Granted (in shares)		183,368
Market-based awards/units | Executive Chairman of the Board and Chief Creative Officer | Minimum
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)		0.00%
Market-based awards/units | Executive Chairman of the Board and Chief Creative Officer | Maximum
Share-Based Compensation, Additional Disclosures
Vesting rights (as a percentage)		150.00%
Market-based awards/units | Executive Chairman of the Board and Chief Creative Officer | Vesting, Tranche One
Share-Based Compensation, Additional Disclosures
Vesting year		2,019

Related Party Transactions (Det

Related Party Transactions (Details)	Jan. 28, 2012USD ($)	Aug. 01, 2015USD ($)lease	Aug. 02, 2014USD ($)
Marciano Trusts
Related Party Transactions
Number of leases under related party lease agreements | lease		3
Expenses under related party arrangement		$ 2,700,000	$ 3,000,000
Marciano Trusts | Minimum
Related Party Transactions
Lease expiration date (by year)		2,015
Marciano Trusts | Maximum
Related Party Transactions
Lease expiration date (by year)		2,020
MPM Financial LLC
Related Party Transactions
Payments under related party agreement		$ 300,000	700,000
Marciano Consulting Agreement
Related Party Transactions
Service term	30 years
Consulting agreement term (in years)	2 years
Consulting agreement, number of years during the extension period	1 year
Expenses under related party arrangement	$ 500,000	0	300,000
Expiration date of consulting agreement	Jan. 28, 2015
Harmony Collection LLC
Related Party Transactions
Payments under related party agreement		$ 0	$ 700,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - number_of_extension_options	1 Months Ended	6 Months Ended
	Mar. 31, 2014	Aug. 01, 2015
Property leases | Maximum
Leases
Lease expiration date		Sep. 30, 2031
Retail store leases | Minimum
Leases
Percentage of annual sales volume used for incremental rent on certain retail store leases		2.00%
Retail store leases | Maximum
Leases
Percentage of annual sales volume used for incremental rent on certain retail store leases		12.00%
Equipment operating leases | Maximum
Leases
Lease expiration date		Mar. 30, 2020
U.S. distribution center lease
Leases
Lease term	10 years
Lease expiration date (by year)	2,024
Number of extension options available	2
Terms for extension options	5 years

Commitments and Contingencies51

Commitments and Contingencies (Details 2) $ in Thousands, € in Millions	Nov. 08, 2013USD ($)	Jul. 19, 2012USD ($)	Jul. 31, 2015USD ($)Plaintiff	Aug. 01, 2015USD ($)subsidiary	Aug. 01, 2015EUR (€)subsidiary	Jan. 30, 2015trademark	May. 02, 2013trademark
Italy | Italian Customs Agency | Europe
Loss contingency
Number of subsidiaries under audit by the Italian Customs Agency | subsidiary				1	1
Customs tax assessments including potential penalties and interest				$ 10,800	€ 9.8
Canceled customs tax assessments				$ 1,800	€ 1.7
Italy | Italian Customs Agency | Minimum | Europe
Loss contingency
Period under audit by the Italian Customs Agency				Jul. 1, 2010	Jul. 1, 2010
Period covering canceled assessments				Jul. 1, 2010	Jul. 1, 2010
Italy | Italian Customs Agency | Maximum | Europe
Loss contingency
Period under audit by the Italian Customs Agency				Dec. 31, 2012	Dec. 31, 2012
Period covering canceled assessments				Sep. 30, 2010	Sep. 30, 2010
Judicial ruling | U.S. | Gucci America, Inc.
Loss contingency
Damages sought in litigation case		$ 26,000
Accounting profits sought by plaintiff as compensation		99,000
Monetary damages awarded by court		2,300
Monetary damages awarded by court to be paid by the Company's licensees		$ 2,300
Pending litigation | U.S. | Isaguirre
Loss contingency
Number of plaintiffs | Plaintiff			2
Settlement amount			$ 5,250
Pending litigation | Italy | Gucci America, Inc.
Loss contingency
Number of Italian trademark registrations to be cancelled by plaintiff | trademark							3
Number of European Community trademark registrations to be cancelled by plaintiff | trademark							4
Pending litigation | China | Gucci America, Inc.
Loss contingency
Monetary damages awarded by court	$ 80
Pending litigation | France | Gucci America, Inc.
Loss contingency
Number of European Community trademark registrations to be cancelled by plaintiff | trademark						2
Number of international trademark registrations to be cancelled by plaintiff | trademark						1

Defined Benefit Plans (Details)

Defined Benefit Plans (Details) $ in Thousands, SFr in Millions	3 Months Ended				6 Months Ended
	Aug. 01, 2015USD ($)participant	Aug. 01, 2015CHF (SFr)	May. 02, 2015USD ($)	Aug. 02, 2014USD ($)	Aug. 01, 2015USD ($)participant	Aug. 01, 2015CHF (SFr)	Aug. 02, 2014USD ($)	Aug. 01, 2015CHF (SFr)participant	Jan. 31, 2015USD ($)	Jan. 31, 2015CHF (SFr)
Components of net periodic defined benefit pension (credit) cost
Actuarial gain	$ 11,378			$ 0	$ 11,378		$ 0
SERP
Components of net periodic defined benefit pension (credit) cost
Interest cost	495			572	991		1,144
Net amortization of unrecognized prior service credit	(39)			(58)	(97)		(116)
Net amortization of actuarial losses	290			235	718		469
Curtailment gain	(1,651)			0	(1,651)		0
Net periodic defined benefit pension (credit) cost	$ (905)			749	$ (39)		1,497
Number of employees considered actively participating under the terms of the SERP | participant	0				0			0
Actuarial gain	$ 11,378				$ 11,378
SERP benefit payments	400			300	800		300
Swiss Pension Plan
Components of net periodic defined benefit pension (credit) cost
Net periodic defined benefit pension (credit) cost	500	SFr 0.4			900	SFr 0.9
Projected benefit obligation	15,000				15,000			SFr 14.5	$ 15,100	SFr 13.9
Plan assets held at the independent fiduciary	12,500				12,500			12.1	12,500	11.5
Other income/expense | SERP
Components of net periodic defined benefit pension (credit) cost
Gain (loss) as a result of changes in value of the insurance policy investments, included in other income and expense	(300)			$ 700	1,600		$ 2,200
Realized gain resulting from payout on insurance policy investments			$ 700		700
Other assets | SERP
Components of net periodic defined benefit pension (credit) cost
Cash surrender values of the insurance policies held in a rabbi trust	55,900				55,900				53,600
Accrued expenses and other long-term liabilities | SERP
Components of net periodic defined benefit pension (credit) cost
Projected benefit obligation	50,600				50,600				61,900
Other long-term liabilities | Swiss Pension Plan
Components of net periodic defined benefit pension (credit) cost
Net liability	$ 2,500				$ 2,500			SFr 2.4	$ 2,600	SFr 2.4

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	6 Months Ended	12 Months Ended
	Aug. 01, 2015	Jan. 31, 2015
Transfers of financial instruments between the three levels of fair value hierarchy
Value of transfers between levels	$ 0	$ 0
Assets and liabilities measured at fair value on a recurring basis
Assets:
Foreign exchange currency contracts, Assets	8,446,000	15,542,000
Available-for-sale securities	23,000	36,000
Total Assets	8,469,000	15,578,000
Liabilities:
Foreign exchange currency contracts, Liabilities	207,000	0
Interest rate swap	165,000	270,000
Deferred compensation obligations	11,213,000	9,133,000
Total Liabilities	11,585,000	9,403,000
Assets and liabilities measured at fair value on a recurring basis | Level 1
Assets:
Foreign exchange currency contracts, Assets	0	0
Available-for-sale securities	23,000	36,000
Total Assets	23,000	36,000
Liabilities:
Foreign exchange currency contracts, Liabilities	0	0
Interest rate swap	0	0
Deferred compensation obligations	0	0
Total Liabilities	0	0
Assets and liabilities measured at fair value on a recurring basis | Level 2
Assets:
Foreign exchange currency contracts, Assets	8,446,000	15,542,000
Available-for-sale securities	0	0
Total Assets	8,446,000	15,542,000
Liabilities:
Foreign exchange currency contracts, Liabilities	207,000	0
Interest rate swap	165,000	270,000
Deferred compensation obligations	11,213,000	9,133,000
Total Liabilities	11,585,000	9,403,000
Assets and liabilities measured at fair value on a recurring basis | Level 3
Assets:
Foreign exchange currency contracts, Assets	0	0
Available-for-sale securities	0	0
Total Assets	0	0
Liabilities:
Foreign exchange currency contracts, Liabilities	0	0
Interest rate swap	0	0
Deferred compensation obligations	0	0
Total Liabilities	$ 0	$ 0

Fair Value Measurements (Deta54

Fair Value Measurements (Details 2) - Marketable equity securities - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	May. 03, 2014	Aug. 02, 2014
Available-for-sale securities
Proceeds from sale of available-for-sale securities	$ 598	$ 598
Other income/expense
Available-for-sale securities
Gains recognized on sale of available-for-sale securities	$ 100	$ 100

Fair Value Measurements (Deta55

Fair Value Measurements (Details 3) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Asset impairment charge
Period of time new retail locations in penetrated markets would need to be opened to be considered for impairment			1 year
Period of time new retail locations in new markets would need to be opened to be considered for impairment			2 years
Selling, general and administrative expenses | North America and Europe | Retail stores
Asset impairment charge
Impairment charges	$ 0.7	$ 4.6	$ 1.8	$ 4.8

Derivative Financial Instrume56

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Aug. 01, 2015	Jan. 31, 2015
ASSETS:
Derivatives, assets	$ 8,446	$ 15,542
LIABILITIES:
Derivatives, liabilities	372	270
Derivatives designated as hedging instruments: | Foreign exchange currency contracts | Other current assets/Other assets | Cash flow hedges
ASSETS:
Derivatives, assets	4,454	6,597
Derivatives designated as hedging instruments: | Foreign exchange currency contracts | Accrued expenses | Cash flow hedges
LIABILITIES:
Derivatives, liabilities	76	0
Derivatives not designated as hedging instruments:
LIABILITIES:
Derivatives, liabilities	296	270
Derivatives not designated as hedging instruments: | Foreign exchange currency contracts | Other current assets
ASSETS:
Derivatives, assets	3,992	8,945
Derivatives not designated as hedging instruments: | Foreign exchange currency contracts | Accrued expenses
LIABILITIES:
Derivatives, liabilities	131	0
Derivatives not designated as hedging instruments: | Interest rate swaps | Accrued expenses/Other long-term liabilities
LIABILITIES:
Derivatives, liabilities	$ 165	$ 270

Derivative Financial Instrume57

Derivative Financial Instruments (Details 2) - Cash flow hedges - USD ($) $ in Millions	6 Months Ended
	Aug. 01, 2015	Jan. 31, 2015
Europe
Forward contracts designated as hedging instruments
U.S. dollar forward contracts purchased, total notional amount	$ 82.2
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	18 months
Canada
Forward contracts designated as hedging instruments
U.S. dollar forward contracts purchased, total notional amount	$ 43.8
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)	18 months
Foreign exchange currency contracts | Europe
Forward contracts designated as hedging instruments
U.S. dollar forward contracts outstanding	$ 92.9	$ 50.8
Foreign exchange currency contracts | Canada
Forward contracts designated as hedging instruments
U.S. dollar forward contracts outstanding	$ 43.8	$ 24.5

Derivative Financial Instrume58

Derivative Financial Instruments (Details 3) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Net after-tax derivative activity recorded in accumulated other comprehensive income (loss)
Beginning balance gain (loss)		$ 4,296	$ (1,667)	$ 7,157	$ (113)
Net gains (losses) from changes in cash flow hedges		4,584	1,352	3,658	(706)
Net (gains) losses reclassified to earnings		(3,012)	681	(4,947)	1,185
Ending balance gain		5,868	366	5,868	366
Foreign exchange currency cash flow hedge unrealized gain to be recognized in cost of product sales or other income over the following 12 months		4,600		4,600
Cash flow hedges | Cost of product sales
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (loss) recognized in OCI		5,343	1,866	4,196	(706)
Gain (loss) reclassified from accumulated OCI into earnings	[1]	3,193	(265)	4,943	(759)
Cash flow hedges | Other income/expense
Gains (losses) before taxes recognized on the derivative instruments designated as cash flow hedges in OCI and net earnings
Gain (loss) recognized in OCI		378	1	230	(106)
Gain (loss) reclassified from accumulated OCI into earnings	[1]	$ 330	$ (25)	$ 816	$ (56)
[1]	The ineffective portion was immaterial during the three and six months ended August 1, 2015 and August 2, 2014 and was recorded in net earnings and included in interest income/expense.

Derivative Financial Instrume59

Derivative Financial Instruments (Details 4) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014	Jan. 31, 2015
Other income/expense
Derivative instruments not designated as hedging instruments
Gain on foreign exchange currency contracts recognized in earnings before taxes	$ 2,860	$ 3,984	$ 2,159	$ 1,195
Gain on interest rate swaps recognized in earnings before taxes	47	$ 57	$ 96	$ 132
Derivatives not designated as hedging instruments: | Euro
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)			12 months
Derivatives not designated as hedging instruments: | Canadian dollar
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding, maximum remaining maturity period (in months)			7 months
Foreign exchange currency contracts | Derivatives not designated as hedging instruments: | Euro
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding	81,900		$ 81,900		$ 59,300
Foreign exchange currency contracts | Derivatives not designated as hedging instruments: | Canadian dollar
Derivative instruments not designated as hedging instruments
U.S. dollar forward contracts outstanding	$ 14,300		$ 14,300		$ 19,900

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Aug. 26, 2015	Aug. 01, 2015	Aug. 02, 2014	Aug. 01, 2015	Aug. 02, 2014
Subsequent Events
Cash dividend announced on common stock (in dollars per share)		$ 0.225	$ 0.225	$ 0.45	$ 0.45
Dividend Declared
Subsequent Events
Cash dividend announced on common stock (in dollars per share)	$ 0.225
Payment date of cash dividend	Sep. 25, 2015
Record date of cash dividend	Sep. 9, 2015