What do u guys think? what a great turaround that was...same demographic, same price points...come on!!Let s turn the tide
I find it hard to motivate myself to perform my best every day. But how can one solve this issue? Is it the industry or market that we are in or the poor management? I struggle to find the answer to this question. I keep wondering that as well... — read more
Do you think Space Jam limited edition launch was good or not good for the Fossil brand? It brought a lot of attention, but are partnerships like these good brand building or selling out?
Interesting the new appointment of Holly Briedis as new Chief Digital Officers...she actually has a rather impressive experience and background coming from McKinsey where she led the Digital/Omnichannel practice, which makes me hopeful...(she could... — read more
In my opinion, here remained only the worst employees and those naive enough to believe that things would get better. The best people have left and are still leaving. That says enough about the future of this company. That is quite a sufficient... — read more
And that's okay. I'm happy to see that people who have other options are seeing through Fossil and are looking elsewhere. Just because that means we remain in a cr---y situation and chronically understaffed doesn't mean that I wish such fate on... — read more
Sometimes I feel we are more worried about costs than sales. If we put in as much energy into growing sales and adapting or leading the industry I think we might have a chance. Just venting. SMH.
The stress has become too much for me. I am well aware of the fact that grass isn't always greener, but I'll be willing to take that chance as soon as an opportunity presents itself. This company is sinking fast and I don't want to be around for the... — read more
I no longer have any high hopes from Fossil in the sense that some of the radical changes this company needs will happen here. However, maybe some small changes would be enough?
I absolutely agree with everyone who thinks that the future of Fossil is to become a small company because the company will have to cut additional costs to adjust to poor sales. I see no room for optimism. I'm just wondering how much Fossil will... — read more
Owners of older Fossil watches won't be happy! https://www.droid-life.com/2021/06/05/fossil-wont-upgrade-older-watches-to-new-wear-platform/
I hate saying this, it sounds too pessimistic, but if this company doesn't make some big changes in the way it does business, I think that every next year will be more and more difficult, until a complete catastrophe. I wish it wasn’t too late... — read more
https://youtu.be/BlGalsye6pY Just gonna drop this here….. don’t know whether to laugh at all the truth shown, or cry that the outlook REALLY IS as bleak as employees knew for years. Good luck Fossil PR to put some positive spin on this! — read more
Although positive comments don't seem to be too popular on this forum, i think it is worth noting that Capri Holdings management was very positive on their earnings call today about the performance of their watch business. They noted that retail... — read more
Will the new cooperation between Samsung and Google for a Samsung smartwatch with Wear OS be the end for Fossils (Wear OS) smartwatch? As this is the last hope for a product that sells will it be the finish for the whole company too? Another example... — read more
It would be expected that the company is cutting people with a higher goal - to be able to dedicate itself to a better vision of business in the future. However, for years, after each layoff, the situation at Fossil has been getting worse. Layoffs... — read more
What strategy could save Fossil from further sinking, that is, what would save our jobs? I see here a comparison with Crocks that someone mentioned, as well as the mentions of business strategies of Citizen, Seiko.... I think the biggest problem is... — read more
i would be curious for someone here to answer this simple question... how in a severely declining market can a company that sells largely undifferentiated value products (and always has), mostly through retail locations, survive except by cutting... — read more
Someone in this forum was trying to make excuses for Fossil bad management by saying that all its peers are having the same issues...well that is simply not true. Movado is actually doing well, they are profitable, have raised guidance and their... — read more
Do Anyone know what is happening?
it is amazing how bad Fossil is being managed when there is such strong demand for accessible, 90s brands - i am not talking about layoffs or politics here...i am talking about BRANDING, STYLES AND PRODUCTS. There is no a single sku that is a true... — read more
I haven’t heard many rumors about layoffs lately. When it’s quiet, I panic more because I think a storm is brewing. Perhaps I'm overreacting because on this forum layoffs haven't been mentioned much lately. Does anyone have any insight about possible... — read more
I really hope management does not on the way and is too greedy about this proposal. A combination with Citizen would be a game changer...they have done a fantastic job in growing and keeping Bulova and Citizen relevant in the US. Adding Fossil... — read more
It’s great to see so many promotions going around at the expense of so many job cuts and reduced salaries!
Personal or company?
https://finance.yahoo.com/news/fossil-reveals-96-million-loss-224132213.html The watch and accessories maker revealed quarterly and full-year earnings Wednesday after the market closed, falling short on top and bottom lines for the quarter and... — read more
Some people received the email about his personal problem, look quite serious. Anyone receive or see it?
You guys ever get an org chart for Americas region? LOL
It was mentioned in one of the previous threads, and I have also been hearing rumors, that there are plans for more departments/groups to be affected by off-shoring/outsourcing in Q3 and Q4. Does anyone have more insight into which departments/groups... — read more
It would be great if people here would share their experiences after leaving Fossil/ getting laid off. Recently a former colleague contacted me for advice whether to leave this company even though she got a new job. I couldn’t believe what she was... — read more
Not wanting to name names, but does anyone have a manager who lacks total and I mean TOTAL common sense? Sometimes I wonder how s/he came into that position. As the saying goes, the more intelligent you are the less common sense comes with it. For... — read more
Does anyone have more detailed information on the next round of layoffs?
I remember my first day here and how full of optimism I was. I had finally gotten rid of the last company in which I went through all sort of nightmares. Optimism in my case lasted only two or three weeks. I immediately realized that I hadn’t... — read more
This company has had incredible creative talent walk its hallways, and it was muscled out because of jealousy. Those doing it had lacked the same talent and were preserving their upward mobility. Work somewhere where they aren’t intimidated by smart... — read more
Over the past few months, I’ve been enormously stressed because poor management is so obvious, you don’t have to be an expert to recognize it. It’s hard to watch a company sink deeper and deeper and as an employee have absolutely no control over it... — read more
My advice to anyone still working there, whether you are a manager of a small team, senior leader, individual contributor or intern is: if you believe in the current plan, process and/or the people driving it and believe you will be happy and have a... — read more