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Fossil leans on layoffs, more store closures to cut costs

Retail Dive LogoRetail Dive1d ago

Fossil leans on layoffs, more store closures to cut costs - Retail Dive

Quick Summary:

The watch and accessories company is the latest to shore up its wholesale channel and pull back on direct-to-consumer sales.

The company in February extended its agreement with Michael Kors, a partnership of some 20 years.Hudson’s Bay Co.

Last year the company closed a net 54 stores globally, ending 2024 with 248, including 114 in the Americas.

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Fossil leans on layoffs, more store closures to cut costs - Retail Dive (Picture 1)Fossil leans on layoffs, more store closures to cut costs - Retail Dive (Picture 2)Fossil leans on layoffs, more store closures to cut costs - Retail Dive (Picture 3)Fossil leans on layoffs, more store closures to cut costs - Retail Dive (Picture 4)

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Article Details

Author / Journalist: Daphne Howland

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 12:34:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 26957648

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About Retail Dive

Retail Dive Logo

Main Topics: Business

Official Website: retaildive.com

Year Established: 2012

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #97

Publisher Details

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The story "Fossil leans on layoffs, more store closures to cut costs" was covered 1 days ago by Retail Dive, a news publisher based in United States.

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It's most recent story was published 1 days ago.

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  • URL: https://chronographically.beamstart.com/news/fossil-leans-on-layoffs-more-17418848775969

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