Shares of Perry Ellis International Inc. fell more than 30 percent Thursday after the company revealed lower third-quarter earnings, slashed the full-year forecast and started a review of its underperforming businesses.
Earnings for the third quarter ended Oct. 31 are now expected to be 30 to 33 cents a diluted share, below the 55 cents in last year’s quarter and the identical consensus estimate for the just completed period. Revenues are expected to drop 2 percent to $222.8 million from $227.5 million.
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)