Executives with Fossil (FOSL -0.9%) presented today at the ICR XChange conference with all eyes on what the potential impact could be of structural changes in the watch industry.
Building out lifestyle brands will be a goal of the company this year with a particular focus with Skagen.
Increased demand for watch products will only help Fossil, according to management. The retailer has a competitive advantage over new players to capture sales at higher margins.
Demand from the Chinese middle class is expected to stay strong and should be a long-term growth driver.