Perry Ellis International Inc. issued preliminary fourth-quarter and full-year earnings that will meet or beat Wall Street's expectations.
For the fourth quarter ended Jan. 31, the firm expects revenues of $212 million versus $231.6 million a year ago, with the decrease of $19 million from the exit of its bottoms private label programs for mass merchants and an anticipated reduction of the bottoms replenishment at midtier retailers. Earnings per diluted share is expected to meet or beat analysts' consensus of 61 cents.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)