Shares of Perry Ellis (PERY) implode, down 20.4%, premarket, after the apparel company misses...

|About: Perry Ellis International... (PERY)|By:, SA News Editor

Shares of Perry Ellis (PERY) implode, down 20.4%, premarket, after the apparel company misses estimates for Q3 revenue and profit, while also steering FY12 guidance lower. CEO George Feldenkreis blames a lack of execution from the showroom to the retail floor for the poor results, and says the firm expects to see "elevated levels" of markdowns in Q4.