Fossil also slashed jobs in its corporate workforce and transitioned select international markets to a distributor model.
The Richardson-based watch and accessories brand is closing stores and laid off staff as part of new cost-cutting measures.
Fossil CEO Franco Fogliato, who stepped into the position last year, is cutting costs and putting a bigger focus on the company's core.
Fossil's Q4 earnings improve year over year with cost cuts and margin expansion despite weak consumer demand and sales ...
The watch and accessories company is the latest to shore up its wholesale channel and pull back on direct-to-consumer sales.
600 basis points of the decline is attributable to our smart watch exit and store closures. During the quarter, our Fossil traditional watch business increased 2% globally versus the prior year ...
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Divers uncovered a 3,000-year-old clay figurine in Italy's Lake Bolsena, revealing human fingerprints and shedding light on ...