Report Summary:
Profile of Oxford Industries |
| 9 pages,
published in Issue 127, January-February 2007 |
Oxford Industries is a
multinational leader in the design, sale, production and
distribution of branded and private label consumer apparel.
Over the past 60 years Oxford has acquired some of the
world's most successful retail brands, including Ben Sherman
and Tommy Bahama, and has increased its net sales to over
US$1 bn. The company is based in the USA.
Oxford's recent history has
been characterised by a cautious, selective approach to
distributors. The company has carefully developed
partnerships with a small circle of fashionable retail
stores, and has bought high-end brands such as Ben Sherman,
Tommy Bahama and Arnold Brant. By choosing its partners
carefully, Oxford has cemented its reputation as an
exclusive, innovative market leader
the right name as its
chairman and chief executive officer, J Hicks Lanier, put it
in the company's 2006 annual report.
In addition, Oxford's
aspirational brands have increased the company's share of
the retail market, and ensured high retailer sell-through
rates. Between 2003 and 2006, Oxford's sales rose by 45%,
and its operating income increased from US$35.3 mn to
US$98.1 mn. Having built a solid reputation among America's
most affluent customers, the company now plans to increase
its product portfolio, and open new retail stores for its
principal brands.
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