Revenue decline at Perry Ellis
Perry Ellis International has reported lower sales for the
second quarter ended July 28.
Total revenue fell 2.3% to $209.4 million compared with $214.4 million in the second quarter of 2011. According to the company, continued momentum within golf,
direct-to-consumer, and women’s contemporary was slightly offset by decreases
in its Perry Ellis and Rafaella businesses.
For the six months ended July 28,
total revenues fell 5.5% to $475 million compared with $502.7 million for
the six months ended July 30, 2011. Net income for the first half was $7.2 million compared with $17.2 million during the prior-year period.
Oscar Feldenkreis, president and chief operating officer, said: "We met our expectations for the second quarter
and continue to make significant progress in our Perry Ellis and Rafaella
collection businesses, which is encouraging as we move forward.
"We expect to see improved performance beginning
with the holiday season and the new team’s full impact beginning in spring
2013."
