Why Movado Has Lagged Its Luxury Peershttp://www.fool.com/investing/general/2013/05/26/why-movado-has-lagged-its-luxury-peers.aspx Dan Caplinger
May 26, 2013
On Wednesday, Movado (NYSE: MOV) will release its latest quarterly results. The stock has hit some bumps in the road lately, raising questions about whether it can successfully compete with its luxury-retail peers.
Overall, the luxury space has done relatively well lately, with the upper end of the income scale holding up better than broader-based retailers relying on a mainstream customer base for the bulk of their revenue. Movado has made some interesting strategic moves, but investors haven't been certain about its long-term success lately. Let's take an early look at what's been happening with Movado over the past quarter and what we're likely to see in its quarterly report.
Stats on Movado
Is Movado a timely stock right now?
Movado has put in place a number of lucrative partnerships, going beyond selling its own line of luxury watches by creating watch lines for other luxury retailers. By latching onto the success of fellow luxury retailers Coach (NYSE: COH) and the Juicy Couture division of Fifth & Pacific (NYSE: FNP), Movado ensures that it's able to get customers from multiple sources targeting different demographics.
But competition in the watch industry has gotten incredibly fierce. Archrival Fossil (NASDAQ: FOSL) has pushed ahead with partnership and expansion plans of its own, with its acquisiti