Fossil Takes Another Hit, Hopes Multiyear Plan Will Bring a Rebound

Watch maker Fossil Group (NASDAQ: FOSL) worked hard to build a high-quality reputation in the luxury retail market, and that served it well when the global economy was booming. That has changed now, though, and coming into Thursday's third-quarter financial report, Fossil investors once again had to deal with expectations for shrinking sales and earnings. Fossil did indeed post results that continued the discouraging trend lower for key financial measures, but the company hopes its multiyear profit improvement initiative will help it turn the tide.

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Let's take a closer look at how Fossil Group did and what's ahead for the watch maker.

Image source: Fossil Group.

Fossil can't get back on track

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