By  on February 25, 2014

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.”

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus