-
@ Layer3.news
2025-05-20 20:42:33
nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqvap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aesst3mr8r
FOSSIL’S DTC BUSINESS DRAGS DOWN SALES IN Q1
https://s.yimg.com/ny/api/res/1.2/tfsgztqTMd3pxmfhmXHORw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/retail_dive_367/5ff2492463f8acbb9f2491027413ff2b
--
✍️ Fossil reported a decline in net sales for the first quarter, but narrowed its net loss and operating loss. The company is working to right-size its footprint by closing stores and streamlining operations.
--
👉 Fossil reported a decline in net sales for the first quarter
👉 The company narrowed its net loss and operating loss
👉 Fossil is closing 50 stores this year as part of its efforts to right-size its footprint
👉 The company is streamlining its international distributor model
👉 Fossil is laying off staff to reduce costs
--
#RandyGreben #FrancoFogliato #KostaKartsotis #business
--
nostr:nevent1qvzqqqqqqypzqe6z4eqs8a86awpjvnv4ta6zlxnprtyqryxvqpp78vezxxxv0mnpqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqwsvvtxk2g5pc5ju7nwy6d2yxmuae49ts5ravlmhferfz68mngnfsjddlrk