Oxford Industries accelerates China sourcing shift amid new U.S. tariffs

OXFORD INDUSTRIES INC

Fiscal 2024 finished goods: ~40% from China, ~25% from Vietnam.
Fiscal 2025 expects <35% from China; Fiscal 2026 expects <10% from China.
New sourcing target countries: Cambodia, India, Indonesia, Peru, Sri Lanka, Thailand, Turkey, Vietnam.
Selective price increases may begin later in Fiscal 2025.
Company has flexibility due to no long-term supplier contracts.

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