Perry Ellis International Reports First Quarter Fiscal 2015 Results
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During the first quarter of fiscal 2015, gross margin expanded to 34.1 percent as compared to 33.8 percent in the same period of the prior year. The expansion reflected a favorable business mix as well as better sell-through at retail in our Perry Ellis and Rafaella collection businesses. The margin expansion also reflected reduced freight costs as a result of the infrastructure rationalization program initiated last year.
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