Perry Ellis International, Inc. (NASDAQ:PERY)
CAPS Rating:
The company designs, licenses, and markets men's and women's apparel, primarily in casual clothing and sportswear.
The company designs, licenses, and markets men's and women's apparel, primarily in casual clothing and sportswear.
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Inventories are way too high and that's a concern, but this is a good brand that I think will weather a downturn. People still need to buy clothes and accessories, and people who usually buy higher end may find themselves cutting corners and saving by shopping at Macy's where they'll be impressed by Perry Ellis' selection at a good price.