CORRECTING and REPLACING Perry Ellis International Announces Agreement to Distribute TOP-FLITE® Golf Apparel at Kmart

Please replace the release dated March 8, 2010 with the following corrected version due to multiple revisions.

The corrected release reads:

PERRY ELLIS INTERNATIONAL ANNOUNCES AGREEMENT TO DISTRIBUTE TOP-FLITE® GOLF APPAREL AT KMART

Perry Ellis International (NASDAQ:PERY) announced today that it has reached an agreement with Sears Holdings Corporation (NASDAQ:SHLD) to distribute a full collection of golf apparel under the TOP-FLITE® brand at Kmart stores in the United States. The TOP-FLITE brand is property of Callaway Golf (NASDAQ:ELY) and is licensed for apparel to Perry Ellis International.

“Perry Ellis International’s unparalleled expertise in golf apparel has opened a new avenue of growth with a great retail partner, Kmart. We are thrilled about the new opportunities that this relationship brings to both companies,” Oscar Feldenkreis, President and COO of Perry Ellis International, commented.

TOP-FLITE golf apparel will be available as a men’s collection, and will be based on performance fabrications in synthetic fibers. The collection will include knit polos, shorts, pants, long sleeve knits, wind wear, and fleece. It will be distributed initially at 800 Kmart doors with initial shipments starting in March of 2010.

“Golf has been identified as one of our key growth categories going forward, and we are extremely excited about the opportunities that lay ahead in partnering with Perry Ellis International,” commented John Goodman, EVP of Apparel & Home for Sears Holdings Corporation.

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® by Munsingwear®, Grand Slam®, Natural Issue®, Pro Player®, the Havanera Co.®, Axis®, Tricots St. Raphael®, Gotcha®, Girl Star®, MCD® John Henry®, Mondo di Marco®, Redsand®, Manhattan®, Axist® and Farah®. The Company enhances its roster of brands by licensing trademarks from third parties including Pierre Cardin® for men’s sportswear, Nike® and Jag® for swimwear, and Callaway®, and PGA TOUR® for golf apparel. Additional information on the Company is available at http://www.pery.com.

About TOP-FLITE

The TOP-FLITE® brand traces its roots to 1895 as part of the golf business of A.G. Spalding & Bros., and has evolved into a major division of Callaway Golf, the largest golf company in the world. Spalding, which later became known as Top-Flite, was a technological pioneer in the golfing industry, with innovations beginning more than 100 years ago with the release of the Wizard, America's first golf ball. The Wizard featured a rubber core with a crack-resistant cover that incorporated a distinctive bramble raised-dot pattern. Since then, Top-Flite has been responsible for nearly every major innovation of the modern rubber-core golf ball, including the first ball with dimples, the first ball to use compression ratings as a means of determining ball hardness, the first wound ball with a liquid center, and the first ball with a tungsten energy core. Top-Flite also produces a line of matched club sets for adult and youth players.

About Kmart

Kmart, a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company that offers customers quality products through a portfolio of exclusive brands that include Jaclyn Smith, Joe Boxer, County Living and Route 66. For more information visit the company's website at www.kmart.com or the Sears Holdings Corporation website at www.searsholdings.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, trade names 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.

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