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Fashion Jobs
TK MAXX
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TK MAXX
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TK MAXX
Loss Prevention Officer - Permanent - tk Maxx - Milton Keynes
Permanent · Milton Keynes
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Hollister CO. - Graduate Manager in Training, Stratford (Westfield)
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Permanent · LONDON
SELFRIDGES
Finance Analyst- Domain
Permanent · LONDON
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Tech Business Analyst - Customer & Omni
Permanent · LONDON
HARVEY NICHOLS
Brand Consultant - Paul Smith
Permanent · LONDON
BURBERRY
Senior IT Operations Manager
Permanent · LONDON
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IT Project Manager
Permanent · LONDON
REISS
Retail Operations Coordinator-Part Time
Permanent · LONDON
REISS
Retail Operations Coordinator
Permanent · LONDON
HEAD OFFICE
Buyer, Waitrose & Partners (Level 7)
Permanent · BRACKNELL
HEAD OFFICE
Buyer, Waitrose & Partners (Level 5)
Permanent · BRACKNELL
JOHN LEWIS
General Operative – Warehouse
Permanent · DARWEN
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By
Reuters
Published
May 24, 2012
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Movado raises full-year outlook, sees strong 1st quarter

By
Reuters
Published
May 24, 2012

Watchmaker Movado Group Inc raised its full-year profit outlook and said it expects to post strong first-quarter results driven by higher demand for its luxury and licensed brand categories.


Photo: Movado


Shares of Paramus, New Jersey-based company were up 9 percent to $28.34 on Wednesday, making it the top percentage gainer on the New York Stock Exchange.

Movado, which distributes watches under licensed brands like Juicy Couture and Lacoste, now expects to post full-year profit of $1.15 per share up from its previous forecast of $1.10 per share.

Citi analyst Oliver Chen wrote in a note that the company's stock will reflect a continued upside on strong inventory control, revenue momentum and increasing global footprint.

The company, which sells its products through upscale department store chains and jewelry shops, has been launching new products and increasing marketing spending to attract more customers.

Movado expects first-quarter profit of 24 cents per share to 26 cents per share and expects sales to rise 15 percent to $103 million.

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