Tommy Bahama Parent Cuts FY Guidance on Tariff-Related Product Shortages, Promotional Climate

Oxford Industries Inc. reported a steeper loss than expected in the third quarter after absorbing an impairment charge for its Johnny Was business. The parent of Tommy Bahama and Lilly Pulitzer also reduced its EPS guidance for the year due  f tariff-related shortages in key  seasonal categories and a more promotional retail environment.