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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"