Oxford Industries (OXM) and Caleres (CAL), Urban Outfitters (URBN), Steven Madden (SHOO), Lululemon (LULU) experienced a decline in their stocks due to the announcement by the Trump administration of plans to increase tariffs on all Chinese imports. The optimism surrounding US-China trade talks diminished, resulting in a negative market reaction. This development raised concerns about a prolonged trade conflict, leading to uncertainties in economic policy direction. Investors are now facing potential challenges of slower growth and higher inflation if the trade tension persists. Amidst the market fluctuations, it is essential to recognize that significant price drops can offer opportunities to invest in high-quality stocks.

Oxford Industries (OXM) encountered notable volatility, with several fluctuations of more than 5% in its shares over the past year. A recent substantial drop in stock value was linked to disappointing financial results reported by the company. Factors contributing to the decline included issues such as rising inflation, distractions from U.S. elections and global events impacting transaction volumes, as well as the negative impact of two major U.S. hurricanes on sales and earnings per share. Although management indicated some improvements in resolving these challenges, the effects may not immediately reflect in financial figures. Consequently, the company's full-year revenue and EPS forecasts fell below analyst expectations, highlighting a disappointing quarter for Oxford Industries.