The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MIAMI, United States — Perry Ellis International Inc. on Wednesday reported fiscal fourth-quarter net income of $9 million, after reporting a loss in the same period a year earlier.
The Miami-based company said it had net income of 59 cents per share. Earnings, adjusted for one-time gains and costs, were 66 cents per share.
The clothing maker posted revenue of $204.2 million in the period.
For the year, the company reported net income of $14.5 million, or 95 cents per share, swinging to a profit in the period. Revenue was reported as $861.1 million.
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Perry Ellis expects full-year earnings in the range of $2.07 to $2.17 per share, with revenue in the range of $870 million to $880 million.
Its shares have dropped slightly more than 8 percent since the beginning of the year. The stock has climbed 20 percent in the last 12 months.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.