Fossil watches announces great end to 2009

First published: 26-02-2010

Fossil watches continue to go from strength to strength, with the organisation reporting impressive sales for 2009 as a whole, as well as during the final quarter of the year.

It announced that fourth quarter net sales rose by 13.7 per cent to a record level of $527.8 million (£347.7 million).

Executive vice president and chief financial officer of Fossil watches Mike Kovar said that the company is pleased to report record fourth quarter net sales and earnings, alongside a record year for net income.

He continued: "Product innovation across our watch and accessories offerings, the successful execution of our key growth initiatives and the ongoing strength of our global operating footprint all contributed to an outstanding finish to a challenging year."

Mr Kovar added that Fossil ended 2009 in a positive and strong financial position, with a "substantial increase in free cash flow", therefore satisfying the ongoing effort to increase value for stockholders.

Fossil has a number of different ranges throughout the seasons and its most famous link is perhaps with Philippe Starck, a firm proponent of New Design styles and themes.


Related articles

A guide to Black Friday brands

Posted: 16-11-2018

Shop the world’s biggest and best watch brands in the 2018 Watch Shop Black Friday sale and discover beautiful timepieces and jewellery from brands including Fossil, Hugo Boss, Michael Kors, Tommy Hilfiger and more.

End of British Summer Time: Automatic-change watches

Posted: 25-10-2018

Don’t get caught short again next time the clocks go back (or forward). These super-smart watches change time automatically for you.

How waterproof are waterproof watches?

Posted: 25-10-2018

Learn the difference between waterproof watches and water-resistant watches and get advice which waterproof watch to buy.

What makes a smart watch smart?

Posted: 25-10-2018

A guide to the functionality and features of cutting-edge smart watches, including examples of market-leading products from Watch Shop.