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Sells watches and accessories.
901 South Central Expressway
Richardson, TX 75080
CEO: Kosta Kartsotis
Stock Symbol: FOSL
Fossil is a design, development, marketing and distribution company that sells watches and accessories. Products are sold in over 120 countries worldwide through 22 company-owned foreign sales subsidiaries and a network of approximately 60 independent distributors.
The company's main products include an extensive line of fashion watches sold under the company's proprietary and licensed brands. The company also offers small leather goods, belts, handbags, sunglasses, jewelry and apparel.
The Company sells its products in over 390 owned retail locations and through a diversified distribution network that includes department stores and specialty retail locations. Department stores include Neiman Marcus, Saks Fifth Avenue, Nordstrom, Macy's and Dillard's, as-well-as stores such as JCPenney, Kohl's and Sears. In addition, Fossil sells certain private label products through mass-market stores such as Wal-Mart, Target and Kmart. The specialty retail locations sell a mix of Fossil's proprietary and licensed brands. Fossil also sells its products in the United States through a network of company-owned stores and online.
The Company also creates fashion accessories for a number of other owned and licensed brands including MICHELE, Zodiac, Relic, Emporio Armani, DKNY, Armani Exchange, Michael Kors, Diesel, Burberry, Marc by Marc Jacobs, Adidas, Skagen Denmark, and Karl Lagerfeld.
The company was founded in 1984.
Fossil reported sales of $2.6 billion in fiscal 2011, up 26.4%. Net income was $294.7 million, a 15.5% increase.
In April, Fossil acquired Skagen Designs for $231.7 million in cash.
Medical, Dental and Vision
Casual work environment
Flexible spending account
Employee assistance program
Discount on licensed and Fossil brands
Paid time off
Discounted gym membership
Free watch for new employees
Updated August 19, 2012