Apparel Online India Magazine April 1st Issue 2018 | Page 13

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Perry Ellis International records double-digit
growth in Q4
US’ leading designer, distributor
and licensor of a broad line of
high-quality men’s and women’s
apparels and accessories,
Perry Ellis International has
announced the financial results
for the fourth quarter and fiscal
2017-18. During the quarter
under review, the fashion
retailer reported an 11.3 per cent
increase in its total revenue to
US $ 227 million as compared
to US $ 204 million in the
corresponding period last fiscal.
The growth in revenue reflects
the increase in business across
all segments.
Growth in the core brands,
particularly men’s sportswear
and Nike swim helped the
retailer to note a 2 per cent
increase in revenue to US $ 875
cent, e-commerce sales rising
and positive comparable sales,”
Oscar Feldenkreis, CEO and
President, commented.
million in the concluding fiscal
as compared to US $ 861 million
in fiscal 2017. Adjusted EBITDA
during the quarter under review
totalled US $ 21.2 million as
compared to US $ 17.1 million
in the corresponding period
of the prior year. “The fourth
quarter saw us direct our growth
towards our higher margin core
brands, channels and businesses
which resulted in core brand
sales increasing 19 per cent,
international growth of 33 per
Perry Ellis is now excited about
the upcoming fiscal 2018-19. It
expects to execute its strategy
along with the disciplined
management of expenses and
anticipates its full-year revenue
to be in the range of US $ 855
million to US $ 865 million from
core sales of US $ 843.6 million
in fiscal 2018. Markedly, the
company’s collections of dress
and casual shirts, golf sportswear,
sweaters, dress pants, casual
pants and shorts, jeanswear,
active wear, dresses and men’s
and women’s swimwear are
available through all major levels
of retail distribution.
Tom Tailor mulls retail expansion in India
German clothing brand Tom
Tailor, being promoted by the
Inceptra Lifestyle in India, is
now planning to increase its
store count in the country. The
fashion brand is currently present
in Gurugram and Saket in New
Delhi and recently took part in
the Amazon India Fashion Week
(AIFW) Autumn/Winter 2018
edition as well to showcase its
collection for the Indian market.
Historic Romance, Boss Girl, Rock
and Frock were three themes
that the brand worked on in its
collection presented during the
Fashion Week. The retailer is
mulling to foray into the markets
of Kolkata and some other places
in the country. It is eyeing for a
good location to go for new retail
stores. “We have big expansion
plans to make people aware of
the brand,” Devendra Gupta was
quoted as saying by news agency
IANS. Tom Tailor desires to be
relevant wherever it goes, so the
retailer aims to make sure it has a
proper retail space to better serve
its customers. It is also planning
to cover 46 cities in terms of
distribution. In addition to brick
and mortar stores, the brand
is also retailed through online
fashion portals such as Jabong
and Myntra in India.
Markedly, the Tom Tailor Group
was founded in 1962 and it is
today one of the leading fashion
brands in Europe. Casualwear and
accessories for men, women and
children are the major products
that are retailed by the brand. The
Group is known for offering clothing
and accessories in the medium-
price segment under Tom Tailor
and Bonita Brands. With more than
1,400 company-owned stores and
more than 11,600 other points of
sale in 35 countries, the brand now
generates around one-third of its
total sales outside of Germany.
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