Shares of Perry Ellis International Inc. lost more than a sixth of their value in Nasdaq trading Tuesday after the company reported preliminary fourth-quarter results that were sharply below previous guidance and analysts’ expectations.
“We experienced a very difficult environment,” said Oscar Feldenkreis, president and chief operating officer of the Miami-based sportswear firm, “which required our customers to become more aggressive with promotions and limit new orders. This contributed to much lower sales versus our projections.”
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)