×
79 600
Fashion Jobs
ESTÉE LAUDER
Senior Financial Analyst, Supply Chain Finance, North America, Plants & Distribution
Permanent · Melville
ATHLETA
Assistant General Manager - Broadway Plaza
Permanent · Walnut Creek
RAG & BONE
Sales Supervisor (Full -Time) - Woodbury Premium Outlets
Permanent · Woodbury
RAG & BONE
Account Executive, Women's Domestic Wholesale
Permanent · New York
OLD NAVY
Assistant General Manager, Merchandise - Gateway Hanover s/c (New Store)
Permanent · Hanover
OLD NAVY
General Manager - Gateway Hanover s/c (New Store)
Permanent · Hanover
OLD NAVY
General Manager - Tanasbourne t/c
Permanent · Beaverton
NIKE
Accounting Manager, Air Manufacturing Innovation (Air mi)
Permanent · Beaverton
NORDSTROM
Asset Protection - Agent - International Plaza
Permanent · Tampa
NORDSTROM
Asset Protection - Agent - Mall of America
Permanent · Bloomington
MARSHALLS
lp Detective-Marshfield, ma
Permanent · Marshfield
TJ MAXX
Loss Prevention Customer Service Associate
Permanent · Bedford
MARSHALLS
lp Detective-Canton, ma
Permanent · Canton
MARSHALLS
70118-lp Detective
Permanent · Dearborn
HOMEGOODS
Loss Prevention Detective
Permanent · Lombard
HOMEGOODS
Loss Prevention Customer Service Associate
Permanent · Albuquerque
TJ MAXX
Loss Prevention Detective Full Time
Permanent · Westminster
TJ MAXX
Loss Prevention Customer Service Associate
Permanent · Chelsea
MARSHALLS
lp Detective-South Weymouth, ma
Permanent · Weymouth
MARSHALLS
lp Detective-Brockton, ma
Permanent · Brockton
HOMEGOODS
Loss Prevention Detective
Permanent · Oak Lawn
MARSHALLS
lp Detective-Mashpee, ma
Permanent · Mashpee
By
Fibre2Fashion
Published
Aug 12, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fossil Group sales jump 59% in Q2, raises FY21 outlook

By
Fibre2Fashion
Published
Aug 12, 2021

Fossil Group, the watches and lifestyle accessories specialist, has reported a 59 per cent sales acceleration to $410.9m in Q2 of FY21 ended on July 3, compared to $259m a year ago. The company has raised its FY21 outlook and expects sales to rise between 14 to 17 per cent.


Instagram: @fossil


“Our strong second quarter performance reflects solid operational execution across all channels and regions in a challenging consumer environment,” Kosta Kartsotis, chairman and CEO at Fossil Group, said in a press release. “We are encouraged by improving consumer demand in our largest markets and our core category of traditional watches.”
 
Digital sales for Q2 surged 10 per cent representing 41 per cent of total sales. Gross profit improved to $221.8 million (up from $140.6 million), while operating expenses were $207.5 million ($177.4 million). The net loss during the quarter reduced to $1.2 million ($22.5 million).

Sales from the Americas region jumped 67 per cent to $176.7 million ($105.8 million), and Europe sales expanded 56 per cent to $124.4 million ($79.5 million). Furthermore, sales from Asia during second quarter grew 50 per cent to $103.5 million ($69.2 million).
 
“Looking ahead we are pleased that our digital initiatives, brand-building efforts and ongoing transformation activities are positioning the business to deliver sustained sales and earnings growth over the long-term,” Kartsotis concluded in the release.

Copyright © 2022 Fibre2Fashion. All rights reserved.