The latest update is out from Fossil Group ( (FOSL) ).
On March 7, 2025, Fossil Group’s Board of Directors appointed Randy Greben as the new Chief Financial Officer, effective March 17, 2025. This appointment follows the interim tenure of Andy Skobe and is part of the company’s strategic leadership restructuring. Mr. Greben brings extensive experience from his previous roles at Casper Sleep Inc., Blue Apron, ANN Inc., and Quidsi. Concurrently, Fossil Group reported its financial results for the fourth quarter and full year 2024, highlighting a 19% decline in net sales and a strategic exit from the smartwatch category. The company outlined a turnaround plan aiming for significant SG&A savings and long-term financial targets, including achieving over $800 million in net sales by 2027. These initiatives are part of a broader effort to strengthen Fossil Group’s market position and drive long-term growth.
More about Fossil Group
Fossil Group, Inc. is a company involved in the design, innovation, and marketing of fashion lifestyle and accessory products. The company focuses on watches, jewelry, and leather goods, with a market presence that spans global retail and wholesale channels.
YTD Price Performance: -27.27%
Average Trading Volume: 373,477
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $68.09M
For detailed information about FOSL stock, go to TipRanks’ Stock Analysis page.
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