Despite strong sales at Tommy Bahama and Lilly Pulitzer, Oxford Industries lowers its FY earnings guidance.
Oxford Industries elects Thomas C. Gallagher to Board of Directors; declares quarterly cash dividend
NEW YORK—Tommy Bahama opens its Manhattan flagship store tomorrow—its first global flagship. The store at 551 Fifth Avenue (at 45th Street) will be the largest Tommy Bahama store in the world. The store will feature 5,000 sq. ft. of men’s, women’s and home decor retail space; 1,300 sq. ft. for the Marlin Bar; and 6,700 […]
Tom Chubb to succeed Hicks Lanier as CEO of Oxford Industries; Lanier to continue to serve as chairman of the board
ATLANTA—Oxford Industries released its second quarter today, reporting net sales of $180.6 million, up 26 percent on strong Tommy Bahama growth and the inclusion of its newly acquired Lilly Pulitzer business. However, profits were down significantly to $2.6 billion from last year’s Q2 earnings of $7.2 billion. The company noted that, “On an adjusted basis, […]
ATLANTA—Oxford Industries has promoted Wesley Howard to president of Lanier Clothes, replacing Dennis D. MacCulloch, who is retiring after 22 years with the company. Howard has been with Oxford for nearly 30 years and is credited as a big part of Lanier’s recent repositioning. Oxford president Thomas Chubb III commented in a statement, “I want […]