Perry Ellis International Remains Committed to Axis and Tricots St. Raphael Brands

Perry Ellis International, Inc. (NASDAQ:PERY) announced today that the Company remains fully committed to supporting its luxury brands Axis and Tricots St. Raphael in luxury department stores and regional retailers.

�In light of yesterday�s announcement that we are exiting the men�s specialty store business, there is some confusion in the market related to the future of our Axis and Tricots St. Raphael brands,� Oscar Feldenkreis, President and C.O.O. commented. �I want to emphatically state that we are fully committed to the potential and future of these two brands in the luxury and department store channel, as well as regional retailers. The fact that we are exiting smaller retailers with credit issues and consequently reducing our cost structure does not reflect in any way that we will stop serving larger retailers.�

Axis is inspired by the casual yet spirited energy of the West Coast lifestyle. Carried in luxury stores around the country, the label was established in the 1980s and has continuously defined casual �trend right� sportswear for the upper-tier market. The collection is �modern-yet-casual� and characterized by exceptionally soft fabrics and garment details which utilize interesting aging and washing techniques to coordinate the look.

Tricots St. Raphael has built a reputation of luxury and sophistication throughout 30 years. Impeccably designed sweaters and knits provide discerning men with distinctive patterns and a rich harmony of colors to outfit their refined lifestyle. Sportswear and sweaters are sold primarily at upscale department stores.

Axis and Tricots St. Raphael spring collections are currently available in over 300 doors in highly prestigious retailers such as Sak�s Fifth Avenue, Von Maur, Bloomingdale�s, Nordstrom and other regional retailers.

�Our design teams have done a terrific job for our Fall/Holiday lines for the brands and we expect both of them to have a good year in their respective channels,� Mr. Feldenkreis concluded.

About Perry Ellis International

Perry Ellis International, Inc. is a leading designer, distributor and licensor of a broad line of high quality men's and women's apparel, accessories, and fragrances. The Company's collection of dress and casual shirts, golf sportswear, sweaters, dress and casual pants and shorts, jeans wear, active wear and men's and women's swimwear is available through all major levels of retail distribution. The Company, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands including Perry Ellis�, Jantzen�, Laundry� by Shelli Segal, C&C California�, Cubavera�, Munsingwear�, Savane�, Original Penguin�, Grand Slam�, Natural Issue�, Pro Player�, the Havanera Co.�, Axis�, Tricots St. Raphael�, Gotcha�, Girl Star� and MCD�. The Company enhances its roster of brands by licensing trademarks from third parties including Dockers� for outerwear, Nike� and JAG� for swimwear, and PING� and PGA TOUR� for golf apparel. Additional information on the Company is available at http://www.pery.com.

Safe Harbor Statement

We caution readers that the forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include: general economic conditions, a significant decrease in business from or loss of any of our major customers or programs, anticipated and unanticipated trends and conditions in our industry, including the impact of recent or future retail and wholesale consolidation, the effectiveness of our planned advertising, marketing and promotional campaigns, our ability to contain costs, disruptions in the supply chain, our future capital needs and our ability to obtain financing, our ability to integrate acquired businesses, trademarks, tradenames and licenses, our ability to predict consumer preferences and changes in fashion trends and consumer acceptance of both new designs and newly introduced products, the termination or non-renewal of any material license agreements to which we are a party, changes in the costs of raw materials, labor and advertising, our ability to carry out growth strategies including expansion in international and direct to consumer retail markets, the level of consumer spending for apparel and other merchandise, our ability to compete, exposure to foreign currency risk and interest rate risk, possible disruption in commercial activities due to terrorist activity and armed conflict, and other factors set forth in Perry Ellis International's filings with the Securities and Exchange Commission. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in Perry Ellis' filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of the date they were made. We undertake no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.

Perry Ellis International Inc. (delisted) (NASDAQ:PERY)
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