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Fossil

Sells watches and accessories.

Headquarters:
2280 North Greenville Ave.
Richardson, TX 75082
Employees: 10,500
CEO: Kosta Kartsotis
Stock Symbol: FOSL

Website: http://www.fossil.com

Career Site

Fossil is a design, development, marketing and distribution company that sells watches and accessories. Products are sold in over 120 countries worldwide through 23 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 360 owned retail locations and through a diversified distribution network that includes department store doors and specialty retail locations. Department store doors include stores such as Neiman Marcus, Saks Fifth Avenue, Nordstrom, Federated Department Stores 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.

Internationally, Fossil's products are sold to department stores and specialty retail stores in over 90 countries worldwide through Company-owned foreign sales subsidiaries and through a network of approximately 60 independent distributors. The Company's products can be found in the Asia Pacific region, Europe, South and Central America, the Caribbean, Canada, Mexico and the Middle East. Fossil's products are offered on cruise ships and through international Company-owned FOSSIL retail stores. Additionally, the Company's products are sold through independently owned FOSSIL retail stores and kiosks in certain international markets.

In 2001, Fossil completed the acquisition of three separate companies located in Bienne, Switzerland. Through this acquisition, the Company obtained the design, sourcing and production capabilities necessary to manufacture Fossil's entrée into the Swiss business, allowing it to market to an important consumer segment with unique tastes for Swiss made designs. Another important facet of this business is Fossil's ability to leverage the Swiss infrastructure with key licensing relationships including the Burberry license. The Swiss Division, Montres Antima SA, handles the design, manufacturing, distribution, and merchandising of Burberry timepieces.

The company was founded in 1984.

Fossil reported sales of $2.03 billion in fiscal 2010, up 31.2%. Net income was $255.2 million. The company plans to open 80-85 stores worldwide in 2011.

Benefits

Medical, Dental and Vision
Tuition reimbursement
401(k) Match
Casual work environment
Flexible spending account
Employee assistance program
Discount on licensed and Fossil brands
Paid time off
Paid holidays
Discounted gym membership
Free watch for new employees

Updated June 3, 2011