Perry Ellis (PERY -4.4%) says it's launched a review of its brand portfolio, as the company has...

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

Perry Ellis (PERY -4.4%) says it's launched a review of its brand portfolio, as the company has struggled in a highly competitive retail environment and from what its CEO calls a lack of "brand direction." The company also says a heavy promotional holiday season weighed on its profitability and projects a weak Q4 below analysts' projections.