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April 11, 2006
Movado's Sales Tick Up
Watch group Movado posted strong sales for its fiscal year 2006, thanks to its growing retail presence and brand recognition, it said this week.
Net sales for the year ended Jan. 31 came at $470.9 million, or 12.4% higher than the previous year. It posted net income of $26.6 million for the period, slightly higher than the year before.
Looking ahead, the group said it expects sales to grow by between 9% and 11% for fiscal 2007.
Posted by Blacks on April 11, 2006 08:16 AM
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