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RALPH LAUREN
Full Time Sales Professional
Permanent · Boston
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Santa Anita
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ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Fashion Valley
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HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Oakridge
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HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Fashion Fair
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HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Palm Desert
Permanent · Palm Desert
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Santa Anita
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ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, South Shore
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HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Parkway Plaza
Permanent · El Cajon
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Cherry Creek
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COTY
Director, PR/im, Social & Digital-Covergirl & Rimmel
Permanent · New York
MACY'S
Asset Protection Detective, Southland - Full Time
Permanent · Hayward
MACY'S
Retail Cosmetics Sales - Shiseido, Miami International - Part Time
Permanent · Miami
URBN
fp Movement Stylist
Permanent · TIBURON
URBN
fp Movement Key Holder Part-Time
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URBN
Free People Assistant Visual Manager
Permanent · WOODCLIFF LAKE
SACK OFF 5TH
Keyholder
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UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · MERIDIAN
UNDER ARMOUR
Stock Teammate, Part-Time 9am Shift, $16.75 Per Hour
Permanent · SILVERTHORNE
UNDER ARMOUR
Stock Teammate, Part-Time, $16.75 Per Hour
Permanent · ANAHEIM
UNDER ARMOUR
Stock Teammate, Part-Time, $16.75 Per Hour
Permanent · NEW YORK
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Century City
Permanent · LOS ANGELES
By
Reuters
Published
Aug 29, 2012
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Movado raises full-year profit view as margins, demand grow

By
Reuters
Published
Aug 29, 2012

Watchmaker Movado Group Inc reported a higher second-quarter profit and raised its full-year earnings forecast for the second time this year, encouraged by improved gross margins and continued demand for its namesake and licensed brands.



Photo: Movado


Shares of the company, which licenses brands such as Hugo Boss, Lacoste, Tommy Hilfiger and Juicy Couture, rose 20 percent to touch a life-high of $36.12. The stock, among the top percentage gainers on the New York Stock Exchange on Tuesday morning, was up 17 percent at $35.10.

Movado, which went public in 1993, has been launching new products and ramping up marketing to attract more customers.

The watchmaker, which sells its products through upscale department store chains and jewelry shops, has also been keeping a tight leash on inventory and cutting costs to boost earnings.

The company sees fiscal 2013 earnings of $1.40 per share, up from the $1.15 per share it forecast earlier. Sales are expected to increase 10 percent to $510 million for the year.

"We view this (forecast raise) as another positive data point supporting the aspirational designer watch category, of which Fossil and Movado have a virtual monopoly," ISI Group analyst Omar Saad wrote in a client note.

Fossil Inc earlier this month forecast full-year earnings above Wall Street estimates, saying it expects strong wholesale business in the Asia-Pacific region and improved performance in Europe to continue through the year.

Analyst Oliver Chen of Citi Investment Research, which includes Movado in its Top Picks Live high conviction list, said the company's gross margin gain was "impressive" and prudent inventory management would continue to drive profit.

Gross margins rose 1.9 percentage points in the quarter on cost reductions.

Second-quarter profit rose to $8.1 million, or 32 cents per share, from $4.4 million, or 18 cents per share, a year earlier.

Sales at the Paramus, New Jersey-based company rose 4 percent to $118.0 million.

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