| Business Summary | | Fossil,
Inc.
is
engaged
in
the
design,
development,
marketing
and
distribution
of
watches,
fashion
accessories,
apparel
and
other
products.
Since
its
inception
in
1984,
the
Company
has
grown
from
its
original
flagship
Fossil
watch
product
into
a
diversified
company,
offering
an
extensive
line
of
fashion
watches,
small
leather
goods,
belts,
handbags
and
sunglasses
under
the
Fossil
and
Relic
brands
and
Fossil
brand
apparel.
In
addition
to
developing
its
own
brands,
the
Company
leverages
its
development
and
production
expertise
by
designing
and
manufacturing
private-label
products
for
companies
that
include
national
retailers,
entertainment
companies
and
theme
restaurants. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Fossil
designs,
develops,
markets
and
distributes
fashion
watches
and
accessories,
including
sunglasses,
small
leather
goods,
belts
and
handbags.
For
the
27
weeks
ended
7/7/01,
sales
rose
8%
to
$233.5
million.
Net
income
fell
30%
to
$17.3
million.
Revenues
reflect
increased
sales
of
watch
and
leather
products,
and
the
addition
of
new
stores.
Earnings
were
offset
by
product
mix,
and
higher
infrastructure
costs
in
the
retail
operations. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Tom Kartsotis, 41 Chairman | $263K | Kosta Kartsotis, 48 Pres,
CEO, Director | 255K | Mile Kovar, 39 CFO,
Sr. VP, Treasurer | -- | Richard Gundy, 58 Pres,
Fossil Watches and Stores Division, Director | 266K | Mark Quick, 52 Pres,
Fashion Accessories Division | 263K | Dollar amounts are as of 30-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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