• Fossil Group Q3 FY20 sales fall 19{fdea926487ee02bc2a16665f4e739ad758d7dc214db60dfbdf50512f75114598} to $435 mn

    Fossil Group, a global design, marketing and innovation company specialising in lifestyle accessories, has reported 19 per cent sales decline to $435.5 million in its third quarter (Q3) FY20 ended on October 3, 2020 compared to sales of $539.5 million in the same period prior year. Company’s net income for Q3 was $16 million (Q3 FY19: loss $25.9 million).   “The organisation continues to execute well in the face of a challenging environment,” Kosta Kartsotis, chairman and CEO at Fossil Group, said in a press release. “We outperformed our topline expectations in the third quarter, reflecting ongoing momentum in our digital channels and strong growth in mainland China, as…