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Article: TOMMY BAHAMA SHINES FOR OXFORD; BUT STRUGGLES IN TAILORED CLOTHING PULL COMPANY PROFITS DOWN 38 PERCENT IN FOURTH QUARTER.
- Article from:
- Daily News Record
- Article date:
- August 6, 2007
- Author:
CopyrightCOPYRIGHT 2007 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 - Weak demand for tailored clothing at retail continued to plague Oxford Industries as the Atlanta-based apparel company closed out its 2007 fiscal year, ending June 1, but the Tommy Bahama brand came to the rescue.
Still, fourth-quarter profits at Oxford Industries fell about 38 percent to $19.3 million, or $1.08 per diluted share, from $31 million, or $1.74, in the fiscal 2006 fourth quarter, also partly due to the sale of its Womenswear Group in 2006. Diluted net earnings per share from continuing operations were $1.08 in the quarter, compared to $1.02 in the fiscal 2006 fourth quarter.
Consolidated net sales for ...