The board at Perry Ellis (PERY +2.6%) fires up a $20M increase to the firm's share...

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

The board at Perry Ellis (PERY +2.6%) fires up a $20M increase to the firm's share repurchasement program, bringing its authorization to buy back shares up to a total amount of $40M for the next 12 months. With PERY trading at a market cap of $233M, the buyback could be a meaningful influence on its share price.