Updated

Oxford Industries, the apparel company behind brands such as Tommy Bahama, cut its financial outlook even after receiving a $42 million tariff refund. The move raises questions about whether the refund will be enough to offset margin pressure facing the retailer. The guidance cut adds to a mixed picture across apparel retail, where companies have faced fluctuating input costs and consumer demand pressures. Investors are watching whether Oxford's margins can hold up despite the one-time financial boost from the tariff refund.