Preview - Please log in to view full article.

Article Date: May 2017
Word Count: 111

Perry Ellis Sales Drops, Spending Doesn’t


Net income fell 10% to $12,771,000 from $14,250,000 in the first quarter ended Apr. 29 on 7% lower revenues at $242,090,000 vs. $261,294,000 that declined due to retail store closings and a planned decrease in shipments to boost margins. Gross margin expanded 120 basis points to 37.6% attributed to the disciplined management of inventory across ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.