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Fossil Posts Record 4th Quarter Earnings And Announces 6 New Canadian Stores

March 05, 2013

There's lots of important Fossil news to catch you up on.
 
The first big news came two weeks ago when the company released its fourth quarter earnings.  The results were very impressive.  Fossil Inc. posted record net earnings of $151 million (in Q4), a 28% increase from the previous year. Net sales in Q4 increased to a record $948 million, an increase of 14% from the previous year. Further, 4th quarter earnings per share increased to a record $2.51. Global retail comps increased 2.4, the 19th consecutive quarter of positive comps. This is absolutely amazing. Finally, total sales for the full year rose to $2.86 billion from $2.57 billion the previous year. WOW!
 
In other Fossil news, early last week, Fossil Inc announced that they had signed a globally license agreement with Tory Burch to design, develop, and distribute a line of Swiss-made women's timepieces. In addition, Fossil designs and creates watches and accessories for other globally recognized brands including Michael Kors, Burberry, A\X Armani, Michele, DKNY, Marc by Marc Jacobs, Skagen, Karl Lagerfeld...etc.
 
Finally, we are pleased to announce 6 new Fossil locations in Canada.
 
1. Toronto Premium (Halton Hills, Ontario)
2. Richmond Centre (Richmond, British Columbia)
3. 1253 Sainte Catherine Street West (Montreal, Quebec)
4. Kingsway Garden (Edmonton, Alberta)
5. Fairview Pointe Claire (Pointe Claire, Quebec)
6. Markville Shopping Centre (Markham, Ontario)
 
Fossil continues to explore Canadian expansion opportunities. Markets of interest include Alberta, British Columbia, Ontario, and Quebec. Size required is 1250-1500 sq.ft. Minimum width requirement - 23.5 ft (but they'll take more). Outlet requirements - 3000 sq.ft. Property type: super regional centres, downtown high streets, lifestyle and outlet centres.
 
For additional information on Fossil, please visit their website at www.fossil.com.