Oxford Industries Minimizes Reliance on China -- Market Talk

Dow Jones

06/12

1854 ET [Dow Jones]--Oxford Industries is looking to rapidly diversify its supply chain away from China, with plans to cut its sourcing from 40% in 2024 to 30% this year and 10% next year, management says during a call with analysts. By the second half of 2026, Oxford plans to be substantially out of the country, management says. In the near term, though, the clothing company didn't have time to mitigate its reliance ahead of its key spring and summer seasons. "There's really nothing we could do about that," an executive says. "So it'll hit us hard in 2025." The company expects $40 million in added tariff costs over the year. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

June 11, 2025 19:00 ET (23:00 GMT)

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