page contents

Fossil Soars as Wearables, E-Commerce Fuels Sales

RICHARDSON, United States — Fossil Group Inc. climbed as much as 60 percent in late trading after new wearable technology and e-commerce demand helped fuel a surprise sales gain in the holiday quarter.

Comparable sales — a key measure — climbed 2 percent in the fourth quarter, Fossil said on Tuesday. Analysts had projected a 6 percent decline, according to Consensus Metrix.

The results suggest Fossil is finally making headway i…
The Business of Fashion

Leave a Reply

Your email address will not be published. Required fields are marked *

*