×
51 771
Fashion Jobs
SUNDANCE
Buyer, Market Apparel
Permanent · SALT LAKE CITY
ADIDAS
Senior Manager Buying (Concept Stores)
Permanent · Portland
NEW BALANCE
Loss Prevention Officer (Day Shift)
Permanent · Skowhegan
L'OREAL GROUP
Mgr/sr Manager-Demand Planner
Permanent · Newport Beach
L'OREAL GROUP
Kiehl's Since 1851 - Director of Ecommerce
Permanent · New York
L'OREAL GROUP
Salon Business Partner (Saloncentric) - Troy, mi
Permanent · Troy
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Concord
OLD NAVY
Asset Protection Lead - Outlts @ Little Rock
Permanent · Little Rock
OLD NAVY
Assistant General Manager, Merchandising - Northcross
Permanent · Huntersville
OLD NAVY
External Asset Protection Lead - Franklin Park
Permanent · Toledo
OLD NAVY
General Manager - Four Flaggs
Permanent · Niles
OLD NAVY
Assistant General Manager, Merchandising - Crossings of Decatur
Permanent · Decatur
OLD NAVY
Assistant General Manager - Festival Mkt@Dogwood
Permanent · Flowood
OLD NAVY
General Manager - Barrow Crossing
Permanent · Bethlehem
OLD NAVY
Asset Protection Service Representative -Sports Arena Plaza
Permanent · San Diego
OLD NAVY
Buyer, Girl's, Outlet
Permanent · San Francisco
OLD NAVY
Asset Protection Agent - Fulton Street
Permanent · New York
OLD NAVY
General Manager - Franklin Park
Permanent · Spokane
OLD NAVY
Assistant General Manager, Merchandising - Brickyard Square (New Store)
Permanent · Epping
OLD NAVY
Assistant General Manager - Eagan Promenade
Permanent · Eagan
OLD NAVY
General Manager - Conyers Crossroads
Permanent · Conyers
OLD NAVY
Asset Protection Manager - Utah
Permanent · Salt Lake City
Published
Apr 4, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Movado President Quintero to step down amidst workforce reduction

Published
Apr 4, 2017

Movado on Tuesday announced that President Ricardo Quintero will step down from the company, as part of the company streamlining its organization. 


Movado Group

 
The company announced in March that it is reducing its workforce in North America and Switzerland for better global alignment and infrastructure. The streamlining is expected to save $12 million for the company in fiscal 2018.
 
Quintero joined the company in 2014 and was instrumental in the growth of the company’s international business. Prior to Movado, he served as SVP and Global General Manager of Market Development for Clinique. Quintero will remain with Movado through April 30, 2017 to ensure a smooth transition, and members of the senior management team will assume his responsibilities.

He commented on his departure: "I am proud of all that we have accomplished at Movado Group during a difficult period for the watch industry and I would like to thank our talented team and global partners for their efforts. I have great confidence in Movado Group’s portfolio of brands, strategic direction and people, and I believe the Company has many exciting opportunities for the future."
 
In addition to the announcement, Movado reaffirmed its fiscal 2018 outlook that was described as a “conservative view.” The company anticipates the retail environment to remain difficult due to the shift from brick-and-mortar to e-commerce and the increasingly competitive watch market.
 
The watch distributor expects fiscal 2018 net sales to range from $515.0 million to $530.0 million and net income to range from $33.0 million to $36.3 million. 

Copyright © 2021 FashionNetwork.com All rights reserved.