Perry Ellis International Announces $20M Increase to Its Stock Repurchase Program

Perry Ellis International, Inc. (NASDAQ: PERY) announced that its Board of Directors has approved a $20 million increase to the Company's stock repurchase program. This program now authorizes the Company to repurchase up to $40 million of its common stock over a twelve months period for cash in accordance with SEC requirements.

Total purchases under the program, since inception, have amounted to $17.4 million through the third quarter of fiscal 2012, leaving availability of $22.6 million remaining under the program.