IndependentsApr 23, 2026
Meet the Real Moms of Day’s JewelersThe jeweler’s Mother’s Day campaign highlights the women who work there—mothers, grandmothers, women who want to be mothers, and dog moms.
MajorsNov 22, 2017
Movado Group’s Q3 Sales Up 6%
They increased to $190.7 million, with a challenging U.S. market offset by strong global performances.
Though the Movado brand saw sales decline in the U.S., Movado Group said it continues to gain market share. Seen here is the Movado Connected, the brand’s new smartwatch powered by Android Wear 2.0.
Paramus, N.J.--Movado Group said net sales were up in the company’s third quarter ended Oct. 31 despite continued struggles in the U.S.
The company said sales increased 6 percent to $190.7 million during the period, compared with $179.8 million in the third quarter last year. On a constant dollar basis, net sales were up 5 percent.
Operating income was $25.2 million, compared to $31.1 million in the same period last year, while operating expenses increased $11.4 million to $78.9 million.
Gross profit was $104.1 million, or 54.6 percent of sales, compared to $98.6 million, or 54.8 percent of sales, in the third quarter of the last fiscal year.
CEO Efraim Grinberg said that despite a challenging U.S. market, international sales growth led its performance, noting particular strength in Europe, Latin America, China and the Middle East.
The Movado brand saw a low double digit sales decline in the U.S., though Grinberg noted in a conference call Tuesday morning that the brand continued to gain market share in the $300 to $3,000 price category. Sales from Movado.com doubled during the quarter after an increase in digital marketing and new product introductions.
For the quarter, licensed brands grew 9 percent, with strong growth for Tommy Hilfiger, Hugo Boss and Lacoste, driven in international markets. The U.S. faces challenged in the fashion watch category, the company said.
The acquisition of the Olivia Burton brand was completed in July. The company has launched a U.S.-based website for the brand, which it said is already seeing very strong results. It now will convert the U.K. site into the salesforce platform on which the U.S. site is hosted and will launch a global website for the brand.
Meanwhile, the company also noted strong results in its outlet division, which saw comps increase 11 percent during the quarter.
Movado Group continues to make investments in the digital space, which it said has helped elevate its brands with retailers and consumers.
This factor, along with the changing retail landscape and the growing importance of online channels, has led Movado to decide to pull out of Baselworld for next year.
RELATED CONTENT: Baselworld Cuts Number of Exhibitors by HalfThe company plans to reinvest the approximate $10 million trade show costs it will save in other marketing activities, including digital brand-building and sales growth initiatives.
Movado Group is updating its outlook for fiscal 2018
Editors' Picks
Sponsored by
upward; it now expects net sales to be in a range of $550 million to $555 million, up from an anticipated $530 to $545 million announced in the second quarter fiscal results, and operating income to be approximately $58 million to $60 million, up from a prediction of $53 to $58 million.
The company anticipates net income in fiscal 2018 to be between approximately $39.7 million and $41 million.
The company anticipates net income in fiscal 2018 to be between approximately $39.7 million and $41 million.
More on Majors
The Latest
Supplier BulletinApr 23, 2026
JM® Shipping Solution: Smarter Shipping for High-Value GoodsSponsored by Jewelers Mutual
Lab-GrownApr 23, 2026
Charles & Colvard May Sell Assets for $1.5MThe proposed agreement follows the moissanite maker’s Chapter 11 bankruptcy protection filing last month.
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las VegasGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
AuctionsApr 23, 2026
John Jacob Astor IV’s Titanic Pocket Watch Fetches $1MThe Patek Philippe for Tiffany & Co. timepiece Astor brought aboard the ill-fated ship sold for double its estimate at a Freeman’s auction.
Weekly QuizApr 23, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsApr 23, 2026
Adam Neeley’s High Jewelry Collection Steps Into Salvador Dalí’s GardenThe “Dalí’s Garden” collection was inspired by a surreal dream Neeley had after cooking a recipe from Salvador Dalí’s 1973 cookbook.
IndependentsApr 23, 2026
Windsor Jewelers Names New Buying DirectorNatalie Feanny has been appointed to the role.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
CrimeApr 22, 2026
New Mexico Couple Pleads Guilty to Selling Fake Native American JewelryThe pair falsely claimed their jewelry was made by Navajo artists, but it was imported from Vietnam.
AuctionsApr 22, 2026
Roberta Flack’s Jewelry Is Going Up for AuctionJulien’s Auctions is selling the musician’s fine and fashion jewelry alongside her clothing, gold records, and other memorabilia.
CollectionsApr 22, 2026
British Museum Curator Pens Book on ‘The Tudor Heart’Rachel King’s book dives into the history of the pendant believed to have belonged to Henry VIII and his first wife, Katherine of Aragon.
Events & AwardsApr 22, 2026
Here’s What Sy Kessler Has on Tap for Las Vegas The company will have deals on precious metals testers as well as the latest in lab-grown diamond detection technology and security.
WatchesApr 21, 2026
Coco Chanel Enters the Game with New Watch CollectionGabrielle “Coco” Chanel is a character in the “Coco Game” collection of watches and the queen in its first haute horlogerie chessboard.
IndependentsApr 21, 2026
Meet Jewelers of America’s 2026 ‘20 Under 40’ ClassThe annual list honors rising professionals on the retail and supply sides of the jewelry industry.
CrimeApr 21, 2026
Customs Nabs 1,500 Pieces of Counterfeit Jewelry Bound for NYCSeized in Kentucky, the packages include fake Cartier, Tiffany & Co., Chanel, and Fendi jewelry.
CrimeApr 20, 2026
Queens Man Convicted in Bludgeoning Death of Pawn Shop OwnerRodolfo Lopez-Portillo faces 25 years to life in prison after being found guilty in the March 2022 beating death of Arasb Shoughi.
TrendsApr 20, 2026
Beth Bernstein, Sonia Esther Soltani Pen New Jewelry Book“Jewelry Creators: Dynamic Duos and Generational Gems” highlights the relationships among 22 influential designers, brands, and gem dealers.
Events & AwardsApr 20, 2026
Atlanta Jewelry Show’s Spring Event Is Hitting the RoadThe AJS Spring 2027 show will be held in Savannah, Georgia, with future shows taking place in other Southeast cities.
TrendsApr 17, 2026
New (Groundbreaking) Floral Jewelry for Spring 2026Flower motifs are the jewelry trend blooming amongst the new collections that debuted this spring.
CollectionsApr 17, 2026
Edina Kiss’ Earrings Are the Devil on Your ShoulderThe “Devil” drop earrings, our Piece of the Week, are part of designer Edina Kiss’ new namesake jewelry line that she will show at Couture.
CrimeApr 17, 2026
FBI Issues Warning to Refineries, Retailers Due to High Price of GoldThe alert states that burglary crews are targeting jewelry businesses and details how jewelers and refineries can protect themselves.
WatchesApr 16, 2026
Cartier Brings Back the RoadsterThe “watchmaker of shapes” debuted the reworked version of the vintage sports car-inspired timepiece at Watches & Wonders.
IndependentsApr 16, 2026
Edge Retail Academy Updates Leadership TeamAs demand for jewelry retail coaching grows, the company has established a dedicated business coaching leadership team.
MajorsApr 16, 2026
Stuller’s Latest Mountings Catalog Is Out NowThe “Mountings 2026-2027” catalog showcases Stuller’s largest and most diverse assortment to date with more than 400 new mounting styles.
PodcastsApr 15, 2026
Episode 4: The Natural Diamond DilemmaSally Morrison and Mark Klein discuss De Beers’ first beacon in 16 years and the mistake the industry made with lab-grown diamonds.
MajorsApr 15, 2026
Spark Creations’ Randy McKenzie Dies at 72 McKenzie spent 45 years with Spark Creations and is remembered for being kind, dedicated, and hardworking.
WatchesApr 15, 2026
These Are the New Rolex Watches for 2026Rolex focused exclusively on the Oyster Perpetual this year, as the model is celebrating its 100th anniversary.
