Shares of Oxford Industries Inc. retreated in after-hours trading Tuesday as the company brought down estimates for the year based on softness in its wholesale operations.
“Our direct-to-consumer business continues to perform well, but we have seen some erosion in our wholesale business,” said Thomas Chubb 3rd, president and chief executive officer of the Atlanta-based owner of the Tommy Bahama and Lilly Pulitzer brands. “Our second-half order books came in slightly below our expectation and we’ve seen some choppiness in our in-season reorder business.”
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