Apparel group Oxford Industries returned to profit in its second quarter, despite a sales decline caused by the company’s exit of certain businesses.
Company chairman and CEO J Hicks Lanier said demand for the Tommy Bahama brand had remained strong, while efforts to refocus the Ben Sherman brand had also paid off, and results from Lanier Clothes and Oxford Apparel had been “gratifying”.
He added: “Both comparable store sales and e-commerce sales delivered healthy increases over the prior year and our wholesale order bookings for the second half of fiscal 2010 remain strong.”
