EU Competition officials will begin an inquiry into whether clothing retailer Guess?  (GES) is actively attempting to restrict cross-border purchases from potential customers in the 28-nation bloc. 

"One of the key benefits of the EU's single market is that consumers can shop around for a better deal," EU Competition Commissioner Margrethe Vestager said.

The commission said that while its investigation into Guess? was separate from a wider probe into online sales, the revelation of possible misconduct by the retailer follows up on one of the issues identified in that investigation. 

Retail's downturn giving you the blues? Jim Cramer has a list of retailers that are currently oversold, giving investors a leg up one of the market's most volatile sectors.

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