WASHINGTON, DC 20549

Date of report (Date of earliest event reported): April 2, 2003

(Exact name of registrant as specified in its charter)

Registrant's telephone number, including area code: 404-659-1224

Item 7. Financial Statements and Exhibits

Attached and incorporated herein by reference as Exhibit 99.1 is a copy of Oxford's press release dated April 2, 2003, reporting Oxford's financial results for the first nine months and the third quarter of Oxford's fiscal 2003. This press release is not to be deemed filed pursuant to the Securities Exchange Act of 1934 or to form a part of the Registrant's public disclosure in the United States or otherwise.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 2, 2003

Oxford Industries, Inc. Press Release

ATLANTA, GA. - Oxford Industries, Inc. (NYSE:OXM) announced today financial results for the third quarter and nine months ended February 28, 2003. For the third quarter, net sales increased $59.5 million or 40% to $209.0 million from $149.5 million in the third quarter of last year. Net earnings increased $5.6 million or 410% to $6.9 million from $1.4 million in the third quarter of last year. Diluted earnings per share increased $0.74 or 411% to $0.92 from $0.18 in the third quarter of last year.

For the nine months ended February 28, 2003, net sales increased $81.0 million or 17% to $566.5 million from $485.6 million in the first nine months of last year. Net earnings increased $10.8 million or 217% to $15.7 million from $4.9 million in the first nine months of last year. Diluted earnings per share increased $1.42 or 215% to $2.08 from $0.66 in the first nine months of last year.

"We are very pleased to report record sales and earnings for the third quarter," commented J. Hicks Lanier, Chairman and President. "Despite the difficult retail environment, we delivered solid results through careful planning and superior execution. The sales increase was driven by growth with major mass merchant retailers and the continuing rollout of Lands' End product to Sears stores. We also benefited from cleaner year-end retail inventories which enabled us to expedite the shipment of Spring product."

Profitability was favorably impacted by aggressive sourcing, significantly lower markdowns and improved manufacturing performance. Gross margins for the quarter increased 1.2 percentage points to 20.5% from 19.3% in last year's third quarter. Operating expenses for the quarter declined as a percentage of sales to 15.0% from 17.9% last year despite higher incentive compensation costs due to improved financial performance.

Continuing improvements in supply chain and inventory management resulted in a 6% decline in inventory levels by quarter-end and a 46% improvement in trailing twelve-month inventory turnover. Total debt net of cash stood at $3.6 million at quarter-end, down 84% from last year. The company expects cash net of debt to exceed $40 million by year-end in May.

For additional information concerning our results of operations, cash flows, liquidity, capital resources, please see the company's Third Quarter Form 10-Q.

"In light of the current economic and political uncertainties as well as the sluggish and deflationary retail environment, we are approaching the upcoming fourth quarter with a measure of caution and conservatism," concluded Lanier. "Compared to last year's strong fourth quarter, we expect sales to be moderately lower reflecting the early shipment of Spring merchandise in the third quarter and the deferral of some transition season merchandise into the first quarter of next year. The prior year's fourth quarter included a LIFO credit of $0.10 per share due the liquidation of LIFO inventory layers. This credit is not expected to recur in this year's fourth quarter. Consequently, we expect fourth quarter diluted earnings per share to be modestly lower."

Forward-looking statements reflect our current expectations and are not guarantees of performance. These statements are based on our management's beliefs and assumptions, which in turn are based on currently available information. Important assumptions relating to these forward-looking statements include, among others, assumptions regarding demand for our products, expected pricing levels, raw material costs, the timing and cost of planned capital expenditures, expected outcomes of pending litigation, competitive conditions and general economic conditions. These assumptions could prove inaccurate. Forward-looking statements also involve risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond our ability to control or predict. Such factors include, but are not limited to the following: general economic cycles, competitive conditions in our industry, price deflation in the ap parel industry, our ability to identify and respond to fashion trends and to offer innovative and upgraded products, the price and availability of raw materials, our dependence on and relationships with key customers, the ability of our contract manufacturers to deliver quality products in a timely manner, the uninterrupted operation of our distribution facilities, conditions in the foreign countries in which we operate or source our products, regulatory risks associated with importing products, the impact of labor disputes and wars or acts of terrorism on our business, increased competition from direct sourcing, our ability to maintain our licenses, our ability to protect our intellectual property, our reliance on key management and the inability to seek remedies against Arthur Andersen, LLP, our former independent accountant.

You should not place undue reliance on any forward-looking statements, which are based on current expectations. Furthermore, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

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