Amped up by the acquisition of Ben Hogan and the expansion of its rights to Callaway Golf during the first quarter, Perry Ellis International Inc. is banking on an explosion in its golf business even as the company looks to trim the overall brand portfolio.
Oscar Feldenkreis, president and chief operating officer of the Miami-based apparel firm, told analysts on the company’s first-quarter conference call Thursday that men’s and women’s golf apparel, which generated about $150 million in sales last year, could develop into “a probably close to $400 million, $500 million business within the next five years” as Perry Ellis looks to capitalize on opportunities with a broader expanse of retailers, larger product assortment and wider geographical reach.
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)