1901 ET - Oxford Industries feels better about its performance in March than in February, but the retailer doesn't really have good words about its outlook. Executives say March comp sales are still negative and that the company will likely end the 1H in negative. Oxford could benefit from easier comp sales in the 3Q, but the 2H is expected to be closer to flat. The new stores are helping offset some of those trends, and hopefully the company will get a little more benefit late in the year from new stores openings. "We anticipate that our store opening pace will slow during fiscal 2025 and into 2026 as we sign fewer new agreements and open fewer Johnny Was and Southern Tide locations," the executives say on its earnings call. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

March 27, 2025 19:01 ET (23:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.