Oxford Industries Reports 89 percent Increase in Earnings

Clothing company Oxford Industries Inc., Atlanta, said this week its fiscal first-quarter earnings rose 89 percent, helped by lower costs and better-than-expected sales as wholesale customers built back their inventories.

The company also raised its 2010 forecast.

Oxford Industries, which owns and licenses clothing brands, reported net income of $12.5 million, or 76 cents per share. That was up from $6.6 million, or 42 cents per share, a year ago.