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Fossil Slows Store Closures for Profit | Orlando News
Description
Fossil is dialing back its store closures, aiming to shut just 15 more by 2026 after already closing seven this quarter — a sign of cautious optimism as the brand turns around after years of sales decline. While net sales dipped slightly, profits are climbing, and full-price stores are outperforming expectations. The company’s strategy now? Slow the pace of closures, boost profitability in remaining locations, and strengthen shareholder value — all while maintaining a global presence in 130+ countries.
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