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