UPDATE 2-Retailers RH, Oxford Industries plan price hike to soften China tariff impact [Reuters]
Oxford Industries, Inc. (OXM)
Last oxford industries, inc. earnings: 3/26 04:05 pm
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investor.oxfordinc.com/investor-relations
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Source: Reuters
Retailers RH, Oxford Industries plan price hike to soften China tariff impact - Reuters 3 Min Read (Reuters) - Home furnishing retailer RH and apparel retailer Oxford Industries Inc revealed major steps, including shifting production out of China and raising prices, to cushion the impact of the tariff hike on Chinese goods. Shares of RH surged about 25%, while those of Oxford Industries rose 9% after both companies reported strong quarterly results. RH said it selectively increased prices of its products while moving certain production and development of new products out of China and expanding manufacturing facilities in the United States to offset the impact of tariffs. “Long term, we do not believe the current trade climate will impair our ability to achieve our stated financial goals,” RH Chief Executive Officer Gary Friedman said in a statement. Tommy Bahama-owner Oxford Industries, which reaffirmed its full-year outlook, said it plans to hike prices selectively, if proposed tarif
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OXM
Earnings
- 3/28/24 - Miss
OXM
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 144
- 4/5/24 - Form 144
- OXM's page on the SEC website