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Fossil Falls 5%: No Mention of Apple, Upbeat on Coming Wearables
2015-08-12 01:43:16| Jewelry - Topix.net
Watch maker Fossil Group , which sells under its own brand and also Danish brand Skagen, this afternoon reported Q2 revenue that fell short of analysts' expectations, though it beat on the bottom line, and forecast growth for the year lower as well, citing the impact of the rising U.S. dollar , and slumping sales in some international markets . The company, however, was upbeat about its first wearable technology offerings, coming this fall, and didn't discuss Apple and its Apple Watch , which some might think could affect Fossil watch sales.
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Category:Consumer Goods and Services
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