1857 ET - Oxford Industries' exposure to higher tariffs on Chinese goods is significant for a company of its size, the apparel retailer's executives warn on a call with analysts. The owner of Tommy Bahama and Lilly Pulitzer's full-year outlook on gross margins includes an unmitigated tariff impact of around $9 million to $10 million, or about $0.45 to $0.50 per share, on goods made in China, CFO Scott Grassmyer says. Some of the measures the company has taken include making orders ahead of the effective date of new tariffs --which helped it end its fiscal 2024 with inventory levels up 5% on early receipts of shipments from Asia to avoid new tariffs. However, Oxford doesn't expect to be in a position to mitigate the impact from tariffs until at least next year. Shares fall 9% in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

March 27, 2025 18:57 ET (22:57 GMT)

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