Fossil Inc. posted double-digit percent gains in both fourth-quarter profits and sales, and said separately that it has signed a global licensing agreement with Tory Burch.
The watch firm said income for the three months ended Dec. 29 rose 28.2 percent to $151.1 million, or $2.51 a diluted share, from $117.9 million, or $1.87, last year. Sales rose 14.1 percent to $947.7 million from $830.8 million. The firm said global retail comparable-store sales rose 2.4 percent, representing the 19th consecutive quarter of positive comps.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"