Perry Ellis International Inc. finished the second quarter with a smaller loss than expected as sales trended lower on the firm’s exit from a number of lower-margin private label programs.
In the three months ended Aug. 2, the Miami-based sportswear firm reported a net loss of $1.6 million, or 11 cents a diluted share, less than the loss of $2.8 million, or 19 cents, reported in the second quarter of 2013. Stripping out charges for the streamlining of operations as well as a gain on the sale of long-lived assets, the adjusted loss on a per-share basis was 8 cents, 4 cents better than the 12-cent loss expected, on average, by analysts.
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)