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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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Item of the Day

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WATCH OUT this is a statement necklace you won’t want to be late for. Japanese designer Tomoko Tokuda rummages through flea markets to find unique vintage timepieces, and then does the unexpected—completely deconstructs them—to our benefit of course. Tokuda’s creations are not only one-of-a-kind stunners, but each piece has a …

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Item of the Day

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Calling all Willy Wonka’s–we’ve found our golden ticket! A sweet, savory chunk of dark chocolate that contains ZERO calories. Too good to be true? Not really. Watch brand odm has created a digital tease that has us salivating. With this sweet silicon creation wrapped around your wrist you can take a piece of …

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Item of the Day

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It’s only fitting on Earth Day we show Mother Nature some love. The makers of Armitron watches introduce us to the world’s first eco-conscious watch brand, Sprout Watches. Constructed with natural fibers, bamboo dial, corn resin case and organic cotton straps (très military chic!),  the timepiece tells the world you’re doing your part …

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LVMH Report Signals Luxury Rebound?

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Paris–This week’s strong first quarter showing by LVMH Moët Hennessy Louis Vuitton is fueling speculation that the “austerity chic” has ended for affluent consumers. When LVMH, the world’s leading luxurygoods conglomerate reported that its first-quarter revenue exceeded expectations, hitting 13% over the same period last year, many analysts project that …