Watchmaker Movado Group Inc. improved its financial position for the first quarter of 2011. For example, in last year’s Movado suffered losses of $ 12.4 million dollars. Now, revenues grew by 23%.
So, for the quarter ended April 30, sale hours totaled 73 million dollars. Sales growth recorded at the same time on all brands in the portfolio of Movado Group Inc. This watch brand Movado, Hugo Boss, ESQ by Movado, Ebel, Concord, Tommy Hilfiger, Coach, Lacoste and Juicy Couture.
For all this year experts predict a company’s sales growth of 11-13%.