Everyone should cash out any stock you have in Fossil asap. Layoffs on top of the fact that their handbags and wallets are over priced and fall apart means the company is done. Walk into any goodwill store and you will see rows and rows of fossil handbags, most of them"new" but with zippers that don't work and straps that fall apart. The quality of Fossil in the last ten years went down while the prices went up. They price Thor bags like Coach but don't have the reputation or quality
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I absolutely saw a ton of clutches from womens leathers and wallets in a goodwill bin a month ago. They absolutely were all falling apart. Kind of sad. The wallet I bought in the employee store has thread popping out all over the place. Fossil is on it's way out.