Kick Your Feet Up with Shares of This Luxury Apparel Stock
You may not be familiar with the name Oxford Industries (NYSE: OXM), but if you've been to a resort, the beach, a tiki bar, or even a backyard barbecue over the last few years, you've almost certainly seen its core Tommy Bahama brand on beach chairs, polos, and Hawaiian shirts. But there's a lot more to the company than just high-end floral shirts. Here's why Oxford Industries looks like a strong buy heading into 2023.
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Oxford Industries is an apparel company that owns multiple brands, including Tommy Bahama, Lily Pulitzer, Southern Tide, and more. Tommy Bahama is the company's flagship brand and accounts for 62% of revenue. It's probably best known for its floral shirts, but it also makes polos, T-shirts, sweatshirts, jeans, outerwear, footwear, and more.
Source Fool.com
