Branded and private apparel group Oxford Industries Inc has reported a 25 per cent hike in full-year earnings, driven by the success of the Tommy Bahama and Ben Sherman lifestyle brands.

Net earnings for financial 2005 totalled $49.8 million compared to $39.7m in the same period last year. Net sales for the year jumped 18 per cent to $1.3 billion from $1.1bn last year.

The company also reported that fourth-quarter net income increased 25 per cent to $20.6m from $16.5m a year ago. Fourth-quarter net sales rose 14 per cent to $386.6m from $339.1m in the same period in 2004.
J Hicks Lanier, chairman and chief executive officer, said that the The Tommy Bahama and Ben Sherman brands made more than 40 per cent of total sales and 70 per cent of total operating earnings in 2005.

Lanier added: "We continue to make significant progress in the strategic repositioning of our business and look forward to another strong performance in the year ahead."

Oxford Industries Inc is a producer and marketer of branded and private label apparel for men, women and children.