Watches
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X @Forbes
Forbes· 2026-04-10 12:00
A collection with more than 300 Cartier watches will now go to market at Sothebys. Titled The Shapes of Cartier: A Dream Collection of Vintage Timepieces, the group is described by the auction house as the most comprehensive offering of its kind.The unnamed collector spent approximately 25 years assembling the collection, with a particular focus on pieces from Cartier’s historically independent Paris, London and New York branches. Alongside iconic models, the collection includes several rare and unusual var ...
X @The Wall Street Journal
The Wall Street Journal· 2026-04-09 06:22
Private WhatsApp groups of watch collectors have started to shape and accelerate trends, influence brands and sometimes replace the watch media and traditional dealers. https://t.co/Ar2zCnAu0W https://t.co/WoPhomjPGW ...
X @The Wall Street Journal
The Wall Street Journal· 2026-04-03 17:13
Why the most tapped-in watch collectors are trading and discussing their upscale tickers in exclusive WhatsApp groups https://t.co/Iz5BUGRqeu ...
Why Jewelry Is Becoming A Luxury Investment
CNBC· 2026-03-22 15:00
Consumers are increasingly moving away from "soft luxury" items like handbags and accessories. Even iconic bags are starting to lose some of their resale momentum. The average resale premium for Hermes Birkin and Kelly bags fell from about 2.2% times retail in 2022 to around 1.4% times by late last year.At the same time, there's been a trend toward "hard luxury" purchases like watches and fine jewelry. Part of the reason the jewelry market has been more resilient is because these high end pieces contain pre ...
Fossil Group (FOSL) Tops Revenue Estimates, EPS Falls Short
Yahoo Finance· 2026-03-20 22:03
Core Insights - Fossil Group, Inc. reported a fiscal Q4 2025 revenue of $280.5 million, a 19.8% year-over-year decline, but exceeded consensus estimates by $31.22 million. The EPS was -$0.15, missing consensus by $0.15 [1][2]. Financial Performance - The revenue decline was attributed to the adoption of a full-price selling model and reduced discounts to protect brand value. Store closures contributed approximately 4% to the revenue decline as part of rationalization efforts [2]. - Gross margins for the quarter were reported at 57.4%, reflecting a 350 basis points increase year-over-year, driven by full-price selling and operational improvements [2]. Future Outlook - The company forecasts revenue between $945 million and $965 million for the upcoming period, indicating a 4% to 6% decline, which includes a $21 million impact from store closures [4]. - Fossil Group focuses on lifestyle accessories, including watches, jewelry, handbags, small leather goods, belts, and sunglasses [4].
Movado signals margin expansion path as Q4 sales rise 5.6% with strong U.S. growth (NYSE:MOV)
Seeking Alpha· 2026-03-19 22:02
Core Insights - Movado Group, Inc. reported a revenue increase of 2.7% to $671.3 million for the fiscal year, with adjusted operating income growing by 28.7% to $34.8 million, indicating effective execution of strategic priorities [2] - In Q4 2026, sales rose by 5.6% to $191.6 million, driven by strong growth in the U.S. market [2]
Movado (MOV) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2026-03-19 12:56
Core Viewpoint - Movado (MOV) reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of $0.53 per share, and showing an increase from $0.51 per share a year ago, indicating a positive earnings surprise of +7.55% [1] Financial Performance - The company achieved revenues of $191.58 million for the quarter ended January 2026, surpassing the Zacks Consensus Estimate by 5.25% and up from $181.48 million year-over-year [2] - Over the last four quarters, Movado has exceeded consensus revenue estimates three times [2] Stock Performance - Movado shares have increased approximately 11.8% since the beginning of the year, contrasting with a 3.2% decline in the S&P 500 [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, including current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.08 on revenues of $135.38 million, and for the current fiscal year, it is $1.51 on revenues of $669.51 million [7] Industry Context - The Retail - Jewelry industry, to which Movado belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]
X @Bloomberg
Bloomberg· 2026-03-19 09:00
Swiss watch exports returned to growth last month as US demand continued an uneven recovery from the fallout over trade tariffs https://t.co/oHKCJxFFmS ...
EXCLUSIVE: Tag Heuer Names Béatrice Goasglas CEO
Yahoo Finance· 2026-03-12 17:00
Core Viewpoint - Tag Heuer appoints Béatrice Goasglas as the first female CEO in its 166-year history, effective May 1, succeeding Antoine Pin [1][2]. Group 1: Leadership Transition - Béatrice Goasglas, previously president for the Americas, will relocate from Miami to La-Chaux-de-Fond for her new role [2]. - Stéphane Bianchi, LVMH group managing director, expressed confidence in Goasglas's leadership and commitment to elevate the brand [3]. Group 2: Professional Background - Goasglas is a graduate of the Rennes School of Business and has held various roles in digital marketing and customer experience at companies like Sephora and L'Oréal [3][4]. - She joined Tag Heuer in 2018 as chief digital and customer experience officer and later became managing director for the Asia-Pacific region in 2021 [4]. Group 3: Strategic Goals - As CEO, Goasglas is expected to drive the brand's strategy of elevation and innovation, continuing efforts initiated by her predecessors [5]. - The brand aims to leverage its collections and its strategic partnership with Formula 1, enhancing its market presence [5]. Group 4: Financial Outlook - Morgan Stanley projects Tag Heuer's turnover to reach 656 million Swiss francs (approximately $839.8 million) by 2025, with an estimated 342,000 units sold [6]. - The brand has shown resilience and increased visibility through its sponsorship of Formula 1, according to Vontobel's luxury goods report [7].