Guess?, Inc. engages in the design, marketing, distribution, and licensing of lifestyle collections of apparel and accessories for men, women, and children. Its products include collections of denim and cotton clothing, including jeans, pants, overalls, skirts, dresses, shorts, blouses, shirts, jackets, and knitwear. The company also grants licenses to manufacture and distribute various products, including eyewear, watches, handbags, footwear, kids’ and infants’ apparel, leather apparel, swimwear, fragrance, jewelry, and other fashion accessories. It sells its products through its own stores, a network of wholesale accounts, and the Internet. As of December 31, 2006, the company operated approximately 336 stores, including 192 full-price retail stores, 103 factory outlet stores, 25 MARCIANO stores, and 16 Guess Accessories stores in the United States and Canada. It also operated 24 stores in Europe and 3 stores in Mexico through a majority owned joint venture, as of the above date. The company was founded in 1981 and is headquartered in Los Angeles, California.