Perry Ellis lower after disclosing store closing plan

• Perry Ellis International (PERY -9.3%) after recording another loss in Q2.
• EBITDA as a percentage of sales fell 70 bps to 3.5% during the quarter as higher SG&A expenses took a toll.
• The company says it will close 15 stores over the next 18 months in an effort to boost profitability.
• Previously: Perry Ellis beats by $0.14, beats on revenue (Aug. 18)