Oxford enthusiastic about growth opportunities for lifestyle brands
04 Apr '07
3 min read
The Tommy Bahama Group closed the quarter with 66 retail stores versus the year-ago total of 58 stores. Operating income for the Tommy Bahama Group increased 12.6% to $22.2 million in the third quarter of fiscal 2007 from $19.7 million in the third quarter of fiscal 2006 due primarily to higher sales volume.
The Menswear Group reported a third quarter net sales decline of 11.5% to $147.0 million in the third quarter of 2007 from $166.1 million in the third quarter of fiscal 2006. This decline was driven primarily by lower sales volume in men's tailored clothing which faced challenging market conditions.
Ben Sherman's volume declined in the third quarter of fiscal 2007 compared to the comparable period in fiscal 2006 due to lower total unit shipments, but the tightened distribution led to increased average unit prices as the brand's performance at retail continues to improve.
Third quarter operating income in the Menswear Group was $2.7 million versus the year-ago operating income of $6.4 million. The decrease was due primarily to lower sales volume and margin compression in the Group's tailored clothing business.
marketing@alchempro.com
