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Article: NEW BRANDS SPUR OXFORD TO NEW HEIGHTS; TOMMY BAHAMA, BEN SHERMAN NOW REPRESENT 40% OF SALES, SHAREHOLDERS TOLD.(Oxford Industries Inc.)
- Article from:
- Daily News Record
- Article date:
- October 17, 2005
- Author:
CopyrightCOPYRIGHT 2005 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Brenda Lloyd
ATLANTA -- J. Hicks Lanier had a lot to brag about at the Oxford Industries annual stockholder meeting here last week, and most of it centered around Tommy Bahama.
"We're a much different company today than a few years ago," Lanier, chairman and CEO, told stockholders in the meeting that lasted only a few minutes. In a Power Point presentation, he showed that, in just two years, Oxford's sales have nearly doubled from $764.6 million in fiscal 2003 to $1.313 billion in fiscal 2005, and earnings per share have risen from $1.34 to $2.87.
The new entities -- Tommy Bahama, acquired in 2003, and Ben Sherman, acquired last year ...