Watch Out for This Growth Story

Depending on the brand you love the most you can choose any of the above companies. But I would like to present led watches Fossil, which had an amazing recent quarter and has posted a stellar performance.

Founded in 1984 by two brothers, Fossil designs and manufactures primarily watches and jewelry as well as sunglasses, wallets, handbags, belts, shoes and clothing. Besides its namesake brand, it also makes watches for brands such as Adidas, Michael Kors Holdings Ltd (NYSE:KORS), Emporio Armani, Burberry, DKNY, Diesel and Armani Exchange.

In February 2013, it reported its 4Q results, which beat consensus estimates. Its premium quality watches for men proved attractive to customers leading to a 14% increase in revenue and a 21% increase in its EPS versus last year. The increase in sales was due to double-digit growth in its global watch sales. Further the company’s direct-to-consumer segment posted a 20.4% increase due to higher sales from its repositioned jewelry products. The company’s jewelry business, which has been a drag on sales (bringing down Europe’s sales by almost 25% in the third-quarter) improved modestly.

Its acquisition of Skagen benefited all regions, especially Europe, which grew 7.6% vs. flat growth in the previous quarter. Further, in February 2013, it signed a global licensing agreement with designer Tory Burch for watches and expects to launch by 2014. In January 2013, it also acquired the Latin American distribution business of Bentrani Watches, which will help to expand its reach in 16 Latin American countries. Also, its 2011 partnership with designer Karl Lagerfeld is expected to launch an exclusive collection of watches for men and women in 1Q13.s1d34REWs

Along with Crystallium, which will be available in two versions, Swarovski is also introducing three other styles of men’s watches to the current range. Swarovski is proud to present its fifth Women’s Watch Collection featuring striking new additions. This year, Swarovski launches two new lines for women: the elegant Octea Classica and the modern Indira line, while some of the existing watches shall be available in new colours. Driven by a constant quest for excellence, Swarovski masterfully combines innovation, precision and creativity with watches for women expertise, to provide the multifaceted woman of today with an array of time jewels that are as stylish as they are refined. Visit Swarovski at the Baselworld fair for a preview of the new creations.