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Movado Narrows 1st Quarter Loss, to Close Retail Division

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Paramus, NJ—Although Movado Group Inc. (MOV.N) posted a narrower-than-expected quarterly loss on Thursday, it will close its Movado-brand retail boutiques, which would cut watch company’s 2010 revenue by $30 million. The company, which distributes watch brands such as Movado, Concord, Tommy Hilfiger and Hugo Boss, said it was shutting down …

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Chinese Fashion Accessories Report Projects Export Growth

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Hong Kong–Global Sources (NASDAQ: GSOL) has just published its China Sourcing Report: Fashion Accessories covering belts, buckles, sunglasses, optical frames, reading glasses, gloves, hats, caps, hair accessories, hosiery and neckwear. The report found most suppliers optimistic about an overall recovery from the worldwide slump, and are anticipating overseas sales to …

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Study: Luxury Consumers Seek Good Investment from Fashion Brands

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Stevens, PA—Fashion brands with merchandise that proves to be a “good investment” may have the upper hand in getting inside luxury consumers’ wallets. At least that’s what Unity Marketing found recently in a study that asked 1,245 affluent consumers (average household income $331,500; age 46.5 years; 42% male/58%female) to rate …