Carlsbad, California — August 4, 2005 — Phoenix Footwear Group, Inc. (AMEX: PXG) announced today that it has acquired the assets of the Paradise Shoe Company, LLC. Terms were not disclosed. Paradise Shoe Company, based in Phoenix, AZ, is the exclusive licensee of the popular Tommy Bahama® line of men's and women's footwear, hosiery and belts. The acquisition is effective as of this date.

Concurrent with this transaction, Phoenix Footwear has signed an exclusive license agreement with the Tommy Bahama Division of Oxford Industries, Inc. (NYSE: OXM), owner of the Tommy Bahama® brand, whereby Phoenix Footwear will design, manufacture and distribute the Tommy Bahama® line of men's and women's footwear, hosiery, belts and men's small leather goods and accessories. Terms of the license agreement were not disclosed.

Tommy Bahama® is a premier lifestyle brand featuring men's and women's apparel, footwear and accessories. The brand's products are well-known and represent a relaxed, island-inspired lifestyle. The Tommy Bahama® line of footwear, hosiery and belts and accessories feature the brand's signature style and benefits from a broad distribution network of Tommy Bahama®- branded stores, department stores and independent specialty stores throughout North America and the Caribbean.

James R. Riedman, Chairman of Phoenix Footwear, commented, "Today's acquisition and licensing agreement adds another profitable lifestyle brand with strong brand recognition to our wearables portfolio. It is a perfect strategic fit with our recent Chambers Belt acquisition, providing us an up market lifestyle brand for independent specialty and better department store distribution. Working with Michael Reina, we seek to leverage our established merchandising, sales and marketing resources to increase the brand's distribution and enhance its revenue and profit potential."

"We are very excited to have this opportunity to work with Phoenix Footwear as our licensee," commented Tony Margolis, CEO of Tommy Bahama. "All our licensed products are crucial to us showing the Tommy Bahama lifestyle to its fullest. Phoenix will bring the same vision and quality to their products that we have in our sportswear and I am confident the market will respond well."

About Phoenix Footwear Group, Inc.
Phoenix Footwear Group, Inc., headquartered in Carlsbad, California, designs, develops and markets a diversified selection of men's and women's dress and casual footwear, belts, personal items, outdoor sportswear and travel apparel. The Company's moderate-to-premium priced brands include the Trotters®, SoftWalk®, Strol®, H.S. Trask®, and Altama® footwear lines, and the Chambers® accessory and Royal Robbins® apparel lines. Emphasizing quality, fit and traditional and authentic designs, these brands comprise over 100 different styles of footwear, 750 styles of personal accessories, and over 250 styles of apparel products, primarily sold through department stores, specialty retailers and catalogs. Phoenix Footwear Group, Inc. is traded on the American Stock Exchange under the symbol PXG.

About Tommy Bahama
TOMMY BAHAMA, Indigo Palms and Island Soft are divisions of the Tommy Bahama Group, a wholly owned subsidiary of Oxford Industries, Inc. (NYSE:OXM). Established in August 1992, with corporate headquarters in New York and Seattle, TOMMY BAHAMA is a lifestyle company that defines elegant tropical living with men's and women's sportswear, swimwear, accessories and a complete home furnishings collection. The company also produces two additional brands, Indigo Palms and Island Soft. TOMMY BAHAMA is available at the country's finest retailers including Neiman Marcus, Saks Fifth Avenue and Nordstrom, as well as high profile resort locations around the world. There are over fifty TOMMY BAHAMA retail locations across the country as well as four Indigo Palms stores, located in California, Nevada and Florida. Additional stores will be opening this year. For more information, please visit www.tommybahama.com.



Company Contact
Phoenix Footwear Group, Inc.
Richard White
Chief Executive Officer
[760] 602-9688

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Todd St. Onge
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