Total international wholesale sales rose 16.4 percent. Sales in Europe increased 23.4 percent with broad based strength in the company's Fossil and licensed watch and jewelry brands.
Europe-based watch sales included a 19 percent increase in our Fossil brand and a 26.9 percent increase in licensed brands. Other international sales increased 3.8 percent reflecting Asia sales growth of 13.6 percent partially offset by reductions in US export sales to distributors.
The net sales growth in Asia was primarily a result of increased Fossil and licensed watch sales. Total domestic wholesale sales rose by 7.1 percent. The increase was driven by a 26 percent sales gain in the company's accessory and sunglass business and increases in licensed watch sales, partially offset by a 15.6 percent decrease in Fossil watch sales.
Fossil Inc is a design, development, marketing and distribution company that specializes in consumer products predicated on fashion and value. Its principal offerings include an extensive line of fashion watches sold under the company's proprietary and licensed brands.
The company also offers complementary lines of small leather goods, belts, handbags, sunglasses, jewelry and apparel. Its products are sold in department stores and specialty retail stores in over 90 countries around the world.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
