We’ll review and adjust our overall structure with an eye towards streamlining the way we work to respond to the changing needs and demands of our customers, and we’ll examine and adjust our store fleet to reflect the evolving shopping habits of today’s consumer, CEO Kosta Kartsotis said in the companys earnings call.
Closing stores is part of a multi-year profit improvement initiative, dubbed New World Fossil, that the company began in the third quarter. The restructuring will focus on the way the company develops products and brings them to market in an effort to build shareholder value.
The effort will also include selling fewer products.
Consumers don’t want to see a full assortment of products like they would in the old world in a …
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