Tommy Bahama parent says people ‘are looking for deals’ as it cuts guidance again

People are “looking for deals and promotions” and have flocked to Oxford Industries Inc.’s outlets and to sales at its regular stores, the parent company of the Tommy Bahama and Lilly Pulitzer brands said late Wednesday.

It’s a “challenging consumer environment,” Oxford Industries OXM Chief Executive Tom Chubb said in a statement accompanying the retailer’s fiscal second-quarter earnings.