The Apparel and Clothing industry is one of those that tend to suffer with changes in weather conditions. It is also very much affected by macro-economic factors as people tend to spend less on clothing, during tough economic conditions, and go on a shopping spree during holiday seasons. Perry Ellis (NASDAQ:PERY) is one of the several companies engaged in the industry either directly or indirectly.
Perry Ellis is strategically widening its addressable market by rolling out its brands in new markets. The company is also increasing its distribution network within the U.S by opening new doors in various retail partners. All this is happening just in time for the holidays season which should see a bust...
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