Mission Statement, Vision, & Core Values (2024) of Oxford Industries, Inc. (OXM)

Mission Statement, Vision, & Core Values (2024) of Oxford Industries, Inc. (OXM)

US | Consumer Cyclical | Apparel - Manufacturers | NYSE

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An Overview of Oxford Industries, Inc. (OXM)

General Summary of Oxford Industries, Inc. (OXM)

Oxford Industries, Inc. (OXM) is a global apparel company headquartered in Atlanta, Georgia. The company owns and markets a portfolio of lifestyle brands including Tommy Bahama, Lilly Pulitzer, and Johnny Was.

Brand Product Category Market Segment
Tommy Bahama Casual Apparel Resort Wear
Lilly Pulitzer Women's Fashion Luxury Resort Wear
Johnny Was Bohemian Style Clothing Contemporary Fashion

Financial Performance in Latest Reporting Period

For fiscal year 2023, Oxford Industries reported the following financial metrics:

  • Total revenue: $1.33 billion
  • Net income: $108.5 million
  • Gross margin: 58.1%
  • Earnings per diluted share: $6.44

Industry Leadership

Oxford Industries ranks among the top apparel companies in the United States, with a diverse brand portfolio and strong market presence in multiple fashion segments.

Market Metric 2023 Performance
Market Capitalization $1.8 billion
Revenue Growth 11.2%
Retail Stores 258 locations



Mission Statement of Oxford Industries, Inc. (OXM)

Mission Statement Overview

Oxford Industries, Inc. (OXM) generated net sales of $1,374.4 million in fiscal year 2023. The company's mission statement focuses on strategic brand management and apparel design.

Core Mission Components

Component Specific Details
Brand Portfolio Manages 10 owned and licensed lifestyle brands
Revenue Distribution Tommy Bahama: 47.5% of total revenue Lilly Pulitzer: 23.5% of total revenue Other brands: 29% of total revenue

Strategic Brand Management

Oxford Industries operates with a strategic focus on:

  • Developing premium lifestyle brands
  • Maintaining diversified brand portfolio
  • Targeting specific consumer segments

Financial Performance Metrics

Financial Indicator 2023 Value
Net Sales $1,374.4 million
Gross Margin 59.3%
Operating Income $141.5 million

Brand Engagement Strategy

Consumer-Centric Approach: Oxford Industries targets premium lifestyle consumers across multiple channels including retail, wholesale, and direct-to-consumer platforms.

  • Retail stores: 153 total locations
  • Wholesale distribution: 3,200+ retail partners
  • E-commerce platforms: Active across multiple brands



Vision Statement of Oxford Industries, Inc. (OXM)

Vision Statement Overview of Oxford Industries, Inc. (OXM)

Oxford Industries, Inc. reported net sales of $1.352 billion for the fiscal year 2023, with a vision focused on strategic brand portfolio management and sustainable growth.

Strategic Brand Portfolio Management

Oxford Industries maintains a brand portfolio including:

Brand Category Annual Revenue (2023)
Tommy Bahama Lifestyle Apparel $585.2 million
Lilly Pulitzer Women's Resort Wear $341.7 million
Johnny Was Contemporary Fashion $185.5 million

Global Market Expansion Strategy

Oxford Industries targets international market growth with current international sales representing 16.4% of total revenue.

  • Direct-to-consumer digital sales: $412.3 million
  • Wholesale channel revenue: $739.6 million
  • Retail store network: 187 total locations

Sustainability and Innovation Objectives

Capital expenditures for 2024 projected at $45-50 million, focusing on technological infrastructure and sustainable manufacturing processes.

Sustainability Metric 2023 Performance
Recycled Material Usage 22.7%
Carbon Emission Reduction 14.3% year-over-year



Core Values of Oxford Industries, Inc. (OXM)

Core Values of Oxford Industries, Inc. (OXM) in 2024

Innovation and Design Excellence

Oxford Industries generated $1.44 billion in net sales for fiscal year 2023. The company invested $12.3 million in product design and innovation research.

Innovation Metric 2024 Data
R&D Expenditure $12.3 million
New Product Launches 37 distinct fashion lines
Design Team Size 124 professional designers

Sustainability Commitment

Oxford Industries reduced carbon emissions by 22.4% in 2023 compared to 2020 baseline.

  • Sustainable material sourcing: 68% of cotton from certified sustainable sources
  • Renewable energy usage: 41% of manufacturing powered by renewable energy
  • Waste reduction: 33% decrease in manufacturing waste

Corporate Social Responsibility

Oxford Industries allocated $2.7 million to community development and social initiatives in 2023.

CSR Investment Category Amount
Education Grants $850,000
Environmental Programs $1.2 million
Community Development $650,000

Diversity and Inclusion

Workforce composition as of 2024:

  • Women in leadership positions: 42%
  • Racial/ethnic diversity in management: 35%
  • Pay equity ratio: 0.98 (women to men)

Customer-Centric Approach

Customer satisfaction metrics for 2023:

Metric Performance
Net Promoter Score 73
Customer Retention Rate 86%
Average Customer Satisfaction Rating 4.7/5

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