Thomas Chubb

Chairman, Chief Executive Officer & President, OXFORD INDUSTRIES INC

Search every verified Thomas Chubb interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Thomas Chubb, Chairman, Chief Executive Officer, and President of Oxford Industries, discussed the company's response to the COVID-19 outbreak during its fourth quarter 2019 earnings call on March 26, 2020. He stated that the company was approaching the crisis with three priorities: the health and well-being of employees, guests, and communities; the integrity of its brands; and maintaining liquidity. Chubb noted that sales had "substantially deteriorated" in mid-March due to the virus's impact, but expressed confidence in the company's ability to weather the crisis, citing its 78-year history of navigating difficulties. Chubb also addressed inventory management and financial measures, saying the company was working with suppliers to cancel, delay, or reduce forward purchases to mitigate inventory increases. He mentioned that Oxford was leveraging its digital channels to re-merchandise seasonal offerings and that the company was coordinating with wholesale customers to balance interests and preserve relationships during the challenging period. He acknowledged the year would be "rocky" but stated the company aimed to navigate the situation and position itself well as conditions normalize.