Movado news and archive

Movado Group Q3: Improved sales and profitability amid tariff concerns

Movado Group, Inc. delivered higher sales, stronger margins and improved profitability despite continued tariff pressures for the third quarter ended October 31, 2025. Net sales rose 3.1 percent to 186.1 million dollars, driven by growth in licensed brands and company stores, even as owned brands moderated. U.S. net sales increased 6.9 percent,...

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Business

Movado Group sees Q2 net sales rise, driven by licensed brands

Movado Group, Inc., a US-based watch and jewellery company, has reported a 3.1 percent increase in net sales to 161.8 million dollars for its second quarter of fiscal year 2026, up from 157.0 million dollars in the prior-year period. This growth was led by the performance of its licensed brands and company-owned stores, a result which chairman...

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Business

Movado Group navigates tough Q1 with focus on cost savings and innovation

Movado Group, Inc. financial results for the first quarter of fiscal 2026, ended April 30, 2025, revealed a slight dip in net sales amidst a challenging retail landscape. The company recorded net sales of 131.8 million dollars, a 1.9 percent versus the prior-year period. Looking forward, the company has opted not to provide a fiscal 2026 outlook...

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Business

Movado Group FY25 sales fall as company prepares for tariff impact

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...

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Management

Movado Group cuts forecast reflecting continued challenging environment

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...

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Report

Movado posts decline in sales and earnings

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...

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Management

Movado lowers FY24 outlook as Q2 sales decline 12.3 percent

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...

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Margot Grinberg promoted to president of the Movado brand

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...

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Management

Movado Group posts increase in Q4 sales, swings to FY net profit

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...

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Fashion

Movado partners with HP for new connected watch

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...