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Perry
Ellis General
Information
Company Profile:
Perry Ellis International is a leading licensor, designer and marketer
of high quality menswear, including sport and dress shirts, golf
sports-wear, sweaters, casual and dress pants and shorts to all
levels of retail distribution.
The Company owns or
licenses the brand names under which most of our products are sold.
Our host of brand names includes Crossings®, Cubavera®,
Havana Shirt Co.® and Natural Issue® for casual sportswear,
John Henry® and Manhattan® for dress casual wear, Perry
Ellis®, Mondo di Marco® and Andrew Fezza® for dress
sportswear, Perry Ellis America® for jeans wear, Jantzen®,
Nike and Tommy Hilfiger for ladies', men's and junior swimwear and
accessories, PING and Munsingwear® for golf sportswear, Nautica,
Perry Ellis® and PING for our corporate wear program, and Pro-Player®
for active wear.
Through its "family
of brands" marketing strategy, Perry Ellis develops and enhances
a distinct brand name for each product category within each distribution
channel. The Company also produces goods sold under the private
label program of its various retail customers. In all, Perry Ellis
markets its brands to a wide range of segments, targeting consumers
in specific age, income and ethnic groups.
Perry Ellis is one
of the top branded suppliers to department stores in the knit and
woven shirt product categories. Our largest customers include Wal-Mart
Stores, Inc., J.C. Penney Company, Inc., Target Corp., Mervyn's,
Kohl's Corporation, Sears Roebuck & Co. The Company currently
uses over 70 independent suppliers, located in the Far East, other
parts of Asia, and Central America.
The Company also licenses
its proprietary brands to third parties for the manufacture and
marketing of various products, some of which Perry Ellis does not
sell, including fragrances, underwear, active wear, loungewear,
and outerwear. In addition to generating additional sources of revenue,
these licensing arrangements raise the overall awareness of the
brands.
Perry Ellis believes
that its competitive strengths position it well to capitalize on
several trends that have affected the apparel sector in recent years.
These trends include the consolidation of the department and chain
store sectors into a smaller number of stronger retailers, which
represent some of our most important customers; the increased reliance
of retailers on reliable suppliers with design expertise and advanced
systems and technology; and the continued importance of strong brands
as a source of product differentiation.
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