Tommy Hilfiger Movado
Tommy Hilfiger Movado
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 TOMMY HILFIGER BY MOVADO MENS STAINLESS STEEL BLUE WATCH 1710163 $115 NEW NWT  US $53.99
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 NWT NEW MENS SWISS BLACK 14600993 COACH TYLER SIGNATURE COACH WATCH $600VAL US $244.99
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 NEW NWT BROWN LEATHER BAND MOON DAY NIGHT 1710216 TOMMY HILFIGER WATCH US $93.99
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 NWT NEW LADYS 14500953 COACH ALI COLLECTION SIGNATURE COACH WATCH $260VAL US $219.99
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 $145 Tommy Hilfiger Mens SS Mens Multifunction Watch 1710214 NWT US $110.00
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 $125 Tommy Hilfiger Mens Leather Watch 1790675 NWT US $95.00
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 $115 Tommy Hilfiger Mens SS Bracelet Watch 1710094 NWT US $83.00
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 NEW NWT RAZOR 1790674 TOMMY HILFIGER WATCH BY MOVADO TOMMY HILFIGER WATCH US $99.99
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 NEW ROSE GOLD CHRONO STYLE TOMMY HILFIGER BY MOVADO 1790702 TOMMY HILFIGER WATCH US $109.99
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 NWT NEW AUTOMATIC 1790743 TOMMY HILFIGER BY MOVADO WATCH HILFIGER 1790743 WATCH US $79.99
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 NWT NEW UNISEX 14600836 COACH CLASSIC SIGNATURE COACH WATCH $500VAL US $188.99
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 NEW NWT LADYS SWAROVSKI CRYSTALS 1780506 TOMMY HILFIGER WATCH BY MOVADO US $59.99
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 NEW NWT RED LEATHER STRAP LADYS 1781098 TOMMY HILFIGER WATCH BY MOVADO US $66.00
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 NEW HTF 1710108 TOMMY HILFIGER BY MOVADO WATCH TOMMY HILFIGER WATCH W DATE US $68.99
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 Tommy Hilfiger 1780823 Womens Multifunction Date Watch Authentic Made By Movado US $83.99
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 ESQ by Movado Mens 7301260 Fusion Aluminum And Titanium Chronograph Watch US $763.00 |
 ESQ by Movado Womens 7101300 Fusion Chronograph White Leather Strap Watch US $733.00 |
 ESQ by Movado Mens 7301262 Fusion Chronograph Stainless Black Ceramic Watch US $733.00 |
 ESQ by Movado Mens 7301322 Fusion Chronograph Black Rubber Strap Watch US $709.00 |
 ESQ by Movado Mens 7301301 Fusion Chronograph Black Rubber Strap Watch US $669.00 |
 ESQ by Movado Womens 7101252 Luxe Diamond Accented Chronograph Watch US $615.00 |
 ESQ by Movado Womens 7101257 Kingston Gold Plated Stainless Steel Bracelet Watch US $615.00 |
 ESQ by Movado Womens 7101258 Kingston Two Tone Bracelet Watch Free Shipping US $537.00 |
 ESQ by Movado Womens 7101197 Verona Stainless Steel Watch Free Shipping US $508.00 |
 ESQ by Movado Womens 7101214 Simone Stainless Steel Bracelet Watch US $508.00 |
 $145 Tommy Hilfiger Womens Black Leather Automatic Watch 1780818 NWT US $99.00
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 $135 Tommy Hilfiger Diamond Accent Womens Watch 1780644 NWT US $99.00
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 $150 Juicy Couture Loren White Leather Watch 1900568 US $81.00
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 $85 Tommy Hilfiger Womens Red Leather Watch 1781098 NWT US $68.50
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 $85 Tommy Hilfiger Red Runway Watch 1780989 NWT US $40.00
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 Ebel Women´s Antique Golden Watch 14k Gold s371 US $590.00
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 $135 Tommy Hilfiger Womens Purple Gold Plastic Multifunction Watch 1781102 NWT US $105.00
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 $125 Tommy Hilfiger Womens Pink Plastic Multifunction Watch 1781085 NWT US $99.00
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 TOMMY HILFIGER LOGO WATCH NEW TAGS 1710304 BY MOVADO US $79.99
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 Tommy Hilfiger Womens 1781086 Fashion Stainless Steel Bracelet Watch US $86.45
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 Tommy Hilfiger Womens 1781069 Fashion TH Logo Red Silicon Watch US $86.33
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 Tommy Hilfiger Womens 1781066 Fashion TH Logo White Silicon Watch US $73.44
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 TOMMY HILFIGER RAZOR 1790674 MENS WATCH BY MOVADO US $54.99
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 NEW LADIES WATCH by TOMMY HILFIGER 1780513 US $63.20
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 NEW LADIES WATCH by TOMMY HILFIGER 1780810 US $71.20
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 Tommy Hilfiger Mens 1790770 Sport Black Ionized Plated Case and Bracelet Watch US $110.37
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 TOMMY HILFIGER LOGO ENAMEL BANGLE BRACELET LADY WATCH US $169.88
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 NEW AUTHENTIC TOMMY HILFIGER Silver Mens WATCH 1710094 with Receipt US $83.19
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 Authentic Mens Ebel Discovery 18K Gold Original Diamond Ruby Quartz Watch US $11,950.00
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 Mens Ebel 1911 18K Gold Black Mother of Pearl Chronograph Diamond Watch US $9,950.00
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 Ladies Ebel 1911 Mother of Pearl 1087221 Diamond Date 18K Gold Steel Watch US $995.00
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 TOMMY HILFIGER by MOVADO Mens 100 STAINLESS STEEL DATE Watch 1710232 MINT US $24.95
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 NEW NWT BLACK LEATHER STRAP LADYS 1781093 TOMMY HILFIGER WATCH BY MOVADO US $56.99
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 NEW NWT LADYS CLASSIC 1780430 TOMMY HILFIGER WATCH BY MOVADO US $71.99
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 NEW HOT BOLD STEEL CROWN AUTOMATIC 1710264 TOMMY HILFIGER BY MOVADO WATCH US $104.99
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Movado Group, Inc. (NYSE:MOV) $317M (MarketCap) Announces First Quarter Results and Future Plans
Movado Group, Inc. is currently trading at 12.91, up 1.83 or 16.52%. This company designs, sources, markets, and distributes fine watches and jewelry. The company offers its watches under Movado, Ebel, Concord, ESQ, Coach, HUGO BOSS, Juicy Couture, Tommy Hilfiger, and Lacoste brand names. It also designs, develops, markets, and retails Movado-branded jewelry through its luxury Movado Boutiques.
Today, it has announced its First Quarter Results. Adjusted net loss in the first quarter ended April 30, 2010, was $4.8 million, or $.19 per diluted share, compared to adjusted net loss of $9.5 million or $.39 per shared in the previous year.
Financial Highlights Include:
- Net sales in the first quarter of fiscal 2011 increased 16.7% to $78.9 million compared to $67.6 million in the first quarter of fiscal 2010 primarily driven by growth in both the U.S. and international wholesale categories. Excluding excess discontinued product sales of $4.3 million in the prior year quarter, net sales increased 24.6%.
- Gross profit was $44.2 million, or 56.0% of sales, compared to $35.7 million, or 52.8% of sales in the first quarter last year. Excluding excess discontinued product sales, adjusted gross margin in the first quarter of fiscal 2010 was 57.6% of sales.
In an effort to streamline its business, redirect investment toward higher return businesses, and improve the company's overall profitability, it additionally announced the closing of its retail boutique division today. Movado Retail Group, Inc. will close this division effective June 30, 2010. The company will continue to sell its watch products primarily through its wholesale model, where it expects to increase its market share by further expanding relationships with existing wholesale customers and enhancing its relationships with independent retailers. The boutique closings will have no impact on the availiability of any of Movado's watch products. In addition, MRG will continue to sell all of its watch brands directly to consumers through its 31 outlet stores and will keep the Movado Boutiques located in New York's Rockefeller Center open as a flagship store.
Rick Cote, President and Chief Operating Officer of Movado Group, Inc., commented, "Following several years of unprofitability and a strategic review of the business, we have decided to close our retail boutique division. We believe that this action will assist Movado Group to return U.S. operations to profitability. We will continue to make strategic investments in our brands to capitalize on growth prospects, build market share and elevate our connection with consumers. We believe in the strength of the Movado brand and the rest of our portfolio of iconic brands, and we expect these actions will solidify our position as a leader in the watch industry."
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