Fossil Group, Inc. (Fossil) is a design, marketing and distribution company which is specialized in consumer fashion accessories. Company’s key product offerings include an extensive line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts and sunglasses. Fossil distributes its products through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where it does not maintain a physical presence. Company sells its products through department stores, specialty retail locations, specialty watch and jewelry stores, company-owned retail and outlet stores, mass market stores and through its website.
Fossil’s revenue decreased $254.2 million or 8.4% for fiscal year 2017, as compared to fiscal year 2016. Revenue decline was due to sales decrease of watches and jewelry product categories.
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