Perry Ellis International Reports Fourth Quarter & Full Fiscal 2014 Results
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Fiscal 2014 Results
Fiscal 2014 revenues were $912 million as compared to $970 million reported in the prior year ("fiscal 2013"). Revenues increased across most of the golf lifestyle brands as well as in Nike swim, the company's international businesses and in licensing income. These increases were offset by significant reductions in private label and proprietary branded sales as well as lower replenishment across many of the company's businesses. While direct e-commerce sales saw a lift of 2.3 percent driven by a strong double digit lift in the second half of the year, our retail stores registered a decline in same store sales of 5.5 percent for the year.
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