NEW YORK — Aggressive asset management, capacity reductions and cost containment allowed Oxford Industries Inc. to report fourth-quarter earnings gains even as sales declined.

For the three months ended May 31, the Atlanta-based manufacturer posted a 7.1 percent increase in net income to $5.6 million, or 74 cents a diluted share. That compares with last year’s fourth-quarter profits of $5.3 million, or 70 cents.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus