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Fossil Cuts Stores, Turns Profit | Birmingham News
Fossil is aggressively scaling back its physical footprint, closing 28 stores last year and planning two more before the end of the year — slashing its global count to under 200. Despite falling sales, the company’s financials are showing signs of recovery: operating loss has shrunk dramatically, adjusted operating income turned positive, and even doubled in Q2. Their March 2025 turnaround plan — ditching smartwatches, selling at full price, boosting wholesale, and cutting costs via store closures and workforce adjustments — appears to be paying off. The company says most of the tough…
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