Perry Ellis saw its losses widen in its last fiscal

Perry Ellis saw its losses widen in its last fiscal

US apparel business Perry Ellis International said that while the business performed well in its last fiscal, the West Coast port disputes disrupted its supply chain, leading to higher losses and a decline in sales.

In the 12 months to the end of January, losses widened to US$37.2m from $22.78m a year earlier. Gross margin, however, expanded 80 basis points to 34%.

Revenues were down 2.4% to $890m, compared to $912m in the prior year period, reflecting the company's strategic portfolio rationalisation. International sales increased 15%, representing 12% of total revenues, and up from 10% in fiscal 2014.

CEO Oscar Feldenkreis, said the company took actions throughout the year to support and advance its core global brands, grow margins and generate cost efficiencies.

"In fiscal 2015, we experienced stronger demand for our products, resulting in improved performance at retail. Our international business also performed well underscoring the global appeal of our brands and supporting our margin expansion."

He added: "As previously discussed, the unexpected labour disputes at the West Coast ports significantly disrupted our supply chain and our ability to deliver products to customers in the fourth quarter. Moving into 2016, we are confident in our forward path. Many of the external challenges of the prior year are behind us and we are focused on meaningfully improving results and operations by establishing momentum through the continued execution of our growth and profitability plan."