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Fossil Announces Flagship Montreal Location

November 27, 2012

We are pleased to announce that Richardson, Texas based, watch and accessory specialist, Fossil, has confirmed that they will open a flagship Fossil store in downtown Montreal. The store will be located at 1253 Sainte Catherine Street West, strategically placed, adjacent other globally recognized retail brands such as F21, A\X Armani, Apple, and facing Lululemon, Urban Outfitters, and Oakley. The premises will be 2475 sq.ft, and Fossil's largest full priced location in Canada. A Q2 2013 opening is scheduled. The Sainte Catherine Street store will be Fossil's 3rd store in the province of Quebec, and 18th in Canada.

FACT 1: Fossil Inc opened 80+ new stores in 2012, and now operate over 475 company owned locations.

In other important Fossil news, in mid-November, the Fossil Inc released its 3rd Quarter Earnings. Here's a quick snapshot of the results, which continue to beat expectations and impress Wall Street.

Third Quarter Results (2012 vs 2011)

- Net sales increased 6.4% to $684.2 million compared to $642.9 million

- Gross Profit rose 6.1% to $381.5 million or 55.8% of net sales, compared to $359.5 million or 55.9% of net sales

- Net Income attributable to Fossil Inc increased 10.3% to $76.8 million compared to $69.6 million

- Comp Store Sales increased 1.8% - Fossil's 18th consecutive quarter of comp sale store increases

Nine Month Period Results (2012 vs 2011)

- Net sales increased 10% to $1.91 billion compared to $1.74 billion

- Gross Profit rose 9.6% to 1.07 million or 55.9% of net sales, compared to $973.3million or 56% of net sales

- Net Income attributable to Fossil Inc increased 8.8% to $192.3 million compared to $176.8 million


FACT 2: In terms of performance, Fossil's average sales in Canada are an amazing $1000 psf. WOW!

We'll have more new store openings to announce soon. Stay tuned.

For additional news on Fossil, please visit their website www.fossil.com.