ATLANTA — Oxford Industries has lowered its guidance for the full year and first quarter of fiscal 2008 because of continuing economic issues that affect the company's business.
For the fiscal year ending Jan. 31, 2009, Oxford now is projecting net sales of $1.01 billion to $1.06 billion, which is down slightly from its estimate for the 12-month period ended Feb. 2, 2008. Oxford is projecting that diluted earnings per common share will be between $2.35 and $2.50, which is comparable to its estimate for the 12-month period ended Feb. 2, 2008.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"