Movado Blog - Movado Watches

We’ve been following the Movado financial crisis since the first quarter a loss was reported. This week some good news came in from for the fourth fiscal quarter which ended at the end of January. Movado seems to have hit positive sales results.
According to Movado 61 of their retail stores were up 2.6 percent [...]

Loek Oprinsen and Marc Michel-Amadry have been named the two new Presidents of Movado Group’s Ebel luxury watch brand.  The two power houses replace Thomas van der Kallen and the buzz on these two is pretty tremendous.

Oprinsen (above) joined the Movado family in 2005 and is now named President and Commercial Director of Ebel.  Michel-Amadry [...]

December 2008 was a holiday gift guide recommending record for Movado watches! Movado watches popped up on every newsstand across the nation.  This maybe why Movado sold a bestselling holiday watch this year with Amazon.com.  Here are some of the magazine features you may have missed:
W Magazine

Town & Country

Oprah

Real Simple

Harpers Bazaar

Elle Decor

Elle

A new president has been appointed to Ebel of North America, a Movado Group Brand.  Alan Chinich will be taking over all activities that pertain to marketing and sales in the USA, Caribbean, and Canada.
Alan is definitely well qualified for the job.  He has been working for 20 years in luxury brand management including high [...]

Yesterday we mentioned that unfortunately, Movado 3rd quarter sales reached a double-digit decline, decreasing the companies yearly outlook.  Starting on October 31st the company seemed to be stabilizing its losses, cutting back, and making provisions to ensure increases in the future.  However, mid September seemed to be another breaking point for the company.
So what does [...]

AP Photo/Gary He
Economic woes seem to be bearing it’s ugly head as the Movado Group’s financial rollercoaster takes another dip this quarter. Efraim Grinberg, CEO of Movado blames it on retail sales:
“During the latter part of the third quarter, our results were significantly impacted as retailers experienced substantial retail sales declines and focused on [...]

Here’s an awesome video I ran across today on YouTube from Forbes Channel entitled Movado: Always In Motion.  I thought I would share it with you guys.
The video features Movado President and CEO Efraim Grinberg and he discusses exactly how the small business grew to $530 million dollars last year and how they became licensing [...]

On December 4, 2008 the Movado Group will be broadcasting their review of their 3rd quarter results over the internet for the public to hear.  They invite investors, or anyone, to listen in at 1: AM Eastern time at www.movadogroup.com.
The call will be available until December 11th and can be accessed by dialing (706) 645-9291, [...]

Movado stock (MOV) was one of the four highlighted “buy” recommendations on October 24, 2008 according to Zacks.com’s free stock picks (source).   But that’s a little perplexing for everyone because earlier this year “stock experts” were writing articles like Movado to reduce wholesale distribution network by 35%; updates FY08 outlook or Movado Group 1st Quarter [...]