Day: November 22, 2021

Sturdy digital gross sales drives American trend group Fossil’s Q3 outcome


Fossil Group, a world design and innovation agency specialising in life-style equipment, has reported a 13 per cent gross sales enhance to $491.8 million within the third quarter (Q3) of FY21 ended on October 2, 2021, in comparison with the gross sales of $435.5 million in the identical interval of prior fiscal. Digital gross sales for the three-month interval expanded 28 per cent, representing 40 per cent of the full gross sales.

 

Fossil Group, a world life-style equipment agency, has reported a 13 per cent gross sales enhance to $491.8 million within the third quarter (Q3) of FY21 ended on October 2, 2021, in comparison with the gross sales of $435.5 million in the identical interval of prior fiscal. Digital gross sales for the three-month interval expanded 28 per cent, representing 40 per cent of the full gross sales.

“High line development, stable gross margins and ongoing expense administration drove adjusted working margins of 11 per cent within the third quarter. A seamless concentrate on our 4 strategic priorities is fuelling broad-based gross sales development, led by digital channels,” Kosta Kartsotis, chairman and CEO at Fossil Group, stated in a press launch.

 

Fossil Group, a world life-style