Oxford Industries Q4 sales decline 26 percent

Consolidated net sales at Oxford Industries decreased 26 percent in the fourth quarter, while full year consolidated net sales decreased 33 percent. The company said, full price e-commerce sales grew 26 percent and 28 percent in the fourth quarter and the full year, respectively, with growth in all the company’s branded businesses in the year. Full price retail sales were 43 percent and 56 percent lower, respectively, in the fourth quarter and full year, while wholesale sales decreased 48 percent in the fourth quarter and the full year.