Friday, November 4, 2016

Fashion brand Fossil will close some stores, reorganize its business

Image result for fossil store Fashion accessories maker Fossil Group said Thursday that it's planning a multiyear overhaul of its business with a focus on fewer products.

The company also recorded a charge to cover costs of closing some stores. Fossil makes leather handbags and accessories, jewelry, sunglasses and watches, and more recently added wearable fitness trackers and hybrid smartwatches.

Fossil declined to say how many of its 610 stores in the U.S., Europe and Asia it plans to close. There are 284 Fossil stores in the U.S.. . . more

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