Fossil Reveals $96 Million Loss on their the Q$2020 Earning call

https://finance.yahoo.com/news/fossil-reveals-96-million-loss-224132213.html

The watch and accessories maker revealed quarterly and full-year earnings Wednesday after the market closed, falling short on top and bottom lines for the quarter and logging a $96 million loss for the year.

A quote by Kosta from the Q$2020 Earnings call:

" As we drive our digital agenda, we will also continue to streamline our operations to be more asset-light and efficient. In 2021, we will be moving through the final leg of our New World Fossil 2.0 program. "

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sobering stats of 2020 impacts especially the people / jobs that were lost.

https://www.bizjournals.com/dallas/news/2021/03/15/fossil-headcount-reductions.html

Looks like Fossil may be ok with the many promotions these past weeks!

Apple was introduced in 2015. Fossil had not had positive numbers since its introduction. 6 years of negative numbers, layoffs, and store closings isn't good. Poor leadership, bad decisions, and terrible managers. Circling the drain till the money is gone and no-one is left.

More layoffs to be expected?

old world fossil. less hands on deck. factory submits and more sourcing.

New World Fossil 3.0 is gonna feel a lot like 2.0 and 1.0.

Yikes!

https://www.bizjournals.com/dallas/news/2021/03/10/fossil-sunil-doshi.html

https://www.google.com/amp/s/www.fool.com/amp/investing/2021/03/11/why-fossil-group-stock-fell-18-in-the-first-hour-t/

Thread regarding Fossil Inc. layoffs

Fossil Reveals $96 Million Loss on their the Q$2020 Earning call

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