Profile: Oxford Industries, Inc. (OXM)

Oxford Industries, Inc. is an international apparel design, sourcing and marketing company featuring a diverse portfolio of owned and licensed lifestyle brands, company-owned retail operations, and a collection of private label apparel businesses. During the fiscal year ended January 31, 2009, (fiscal 2008) approximately 64% of its net sales were from products bearing brands. The Company distributes its products through several wholesale distribution channels, including national chains, department stores, mass merchants, specialty stores, specialty catalog retailers and Internet retailers. The Company operates its business through four groups: Tommy Bahama, Ben Sherman, Lanier Clothes and Oxford Apparel.

Tommy Bahama

Tommy Bahama designs, sources and markets men’s and women’s sportswear and related products that are intended Tommy Bahama’s lifestyle. Tommy Bahama’s products can be found in its own retail stores, on its e-commerce site and in certain department stores and independent stores throughout the United States. The target consumers of Tommy Bahama are affluent 35 and older men and women. Tommy Bahama apparel products generally incorporate fabrics made of silk, cotton, linen, nylon or tencel, or blends including one or more of these fiber types.

Ben Sherman

Ben Sherman is a London-based designer, marketer and distributor of branded sportswear and footwear. Ben Sherman was established in 1963 as an edgy, young man’s, Mod-inspired shirt brand and has evolved into a British lifestyle brand of apparel and footwear targeted at youthful-thinking men and women ages 19 to 35 in multiple markets throughout the world. The Company offers a full Ben Sherman sportswear collection as well as tailored clothing, footwear and accessories. During fiscal 2008, approximately 60% and 20% of Ben Sherman’s net sales occurred in the United Kingdom and United States, respectively, with the remaining 20% occurring primarily in Europe, Asia and Australia. The Company combined its Ben Sherman lines into one collection under its Ben Sherman black and orange label.

Lanier Clothes

Lanier Clothes designs and markets branded and private label men’s suits, sportcoats, suit separates and dress slacks across a wide range of price points. The Company’s Lanier Clothes branded products are sold under trademarks including Kenneth Cole, Dockers and Geoffrey Beene. It sells products with the Nautica and O Oscar trademarks during the fiscal year ended January 31, 2009. It designs and markets products for its Arnold Brant and Billy London brands. Arnold Brant is a tailored brand. Sales of private label products represented approximately 50% of Lanier Clothes net sales during fiscal year ended January 31, 2009 (fiscal 2008).

Oxford Apparel

Oxford Apparel produces branded and private label dress shirts, suited separates, sport shirts, casual slacks, outerwear, sweaters, jeans, swimwear, westernwear and golf apparel. its Oxford Apparel products are sold to a variety of department stores, mass merchants, specialty catalog retailers, discount retailers, specialty retailers, green grass golf merchants and Internet retailers throughout the United States. Oxford Apparel sells products under the Oxford Golf and Ely & Walker trademarks.