Movado Group, Inc. · Paramus, NJ United States ·(NYSE: MOV)
Company Description
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Movado Group knows that time is of the essence. The group's nine watch brands -- Movado, Concord, and Ebel, as well as the licensed ESQ, Coach , Tommy Hilfiger , Juicy Couture , Lacoste, and Hugo Boss lines -- are sold worldwide and cover most watch industry categories. Most of its watches start at $100, but can reach $10,000 for exclusive designs. Movado sells watches to major jewelry store and department store chains (mainly Macy's , Nordstrom , and Saks Fifth Avenue ), as well as to independent jewelers (Helzberg , Sterling , and Zales ). Its own retail chain consists of about 30 boutiques and 32 outlets. The family of the late Gerry Grinberg, who founded Movado, controls about 70% of the company's voting power. To read the full description, subscribe now.
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Key Movado Group, Inc. Financials
| Company Type | Public - NYSE: MOV Headquarters |
| Fiscal Year-End | January |
| 2009 Sales (mil.) | $460.9 |
| 2009 Employees | 1,300 |
Movado Group, Inc. Executives
19 executives listed for Movado Group, Inc.'s Paramus, NJ location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Efraim Grinberg | Network |
| EVP, COO, and Director | Richard Coté | Network |
| SVP and CFO | Sallie DeMarsilis | Network |
Competition
Competitive Landscape for Movado Group, Inc.
Jewelry sales depend partly on consumer income. Small jewelers can effectively compete with large chains because price isn't the main factor determining sales. Profitability depends on merchandising and effective marketing. Jewelry is sold not only by specialized jewelry retailers, but also by department stores and mass merchants. Because regular gross margins are very high, often 50 percent, mass merchants have been able to cut prices and take market share. Wal-Mart is the largest jewelry retailer in the US. To read the full description, subscribe now.Top Movado Group, Inc. Competitors
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