US-based, Swiss-founded watch firm Movado Group reported a 1.7 percent drop in net sales for the fiscal year 2025, amounting to 653.4 million dollars. The company, which owns and operates brands like Movado, Ebel, Concord and Olivia Burton, said the decline could be attributed to a drop in US wholesale clients’ brick and mortar stores, as well...
Apr 17, 2025
Movado Group’s second quarter net sales decreased by 0.7 percent or 0.3 percent on a constant dollar basis to 159.3 million dollars. The US net sales decreased 0.3 percent and international net sales decreased 0.9 percent or 0.3 percent on a constant dollar basis. Net sales for the first six months decreased 3.1 percent reported and on a...
Sep 6, 2024
Movado, operating stores in the US and Canada, reported a first quarter net sales decrease of 5.7 percent or 6.1 percent on a constant dollar basis to 136.7 million dollars. The company attributed the decrease in net sales to declines in wholesale customers’ brick and mortar stores and Movado company stores. Net sales in the US decreased 6.2...
May 31, 2024
Movado Group, Inc. net sales decreased 12.3 percent or 13.8 percent on a constant dollar basis to 160.4 million dollars in the second quarter. The company said lower sales reflect declines in wholesale customers’ brick and mortar stores, online retail and Movado company stores due to the challenging environment for consumer discretionary...
Aug 28, 2023
Movado Group, Inc. has announced the promotion of Margot Grinberg to president of the Movado brand and as SVP of ecommerce, from vice president of ecommerce, merchandising and digital marketing. Alan Chinich, the company said, who has held the position of Movado brand president and president of the North American region for Movado Group, will...
Feb 16, 2023
Watch specialist Movado Group has reported an increase in net sales in the fourth quarter as it ended the year back in the black. For the quarter ending January 31, the group reported net sales of 206 million dollars, a year-over-year increase of 15.5 percent, or 17.2 percent on a constant dollar basis. The group, whose portfolio of brands...
Mar 24, 2022
New York - First, Fossil buys Misfit, and now this. Movado has announced that they will be partnering with HP for a new connected watch. The 134-year-old Swiss company, known for the solitary dot at the 12 hour marker, decided that it was time that they became technologically savvy. Their first technology enabled product is called the Movado...
Nov 16, 2015