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Movado Group Inc   (MOV)
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Movado Group Inc 's Customers Performance

MOV

 
MOV's Source of Revenues Movado Group Inc 's Customers have recorded an increase in their cost of revenue by 17.09 % in the 3 quarter 2021 year on year, sequentially costs of revenue grew by 27.47 %, for the same period Movado Group Inc recorded revenue increase by 28.19 % year on year, sequentially revenue grew by 25.23 %.

List of MOV Customers




Movado Group Inc 's Customers have recorded an increase in their cost of revenue by 17.09 % in the 3 quarter 2021 year on year, sequentially costs of revenue grew by 27.47 %, for the same period Movado Group Inc recorded revenue increase by 28.19 % year on year, sequentially revenue grew by 25.23 %.

List of MOV Customers


   
Customers Net Income grew in Q3 by Customers Net margin grew to
21.74 % 3.67 %



Movado Group Inc 's Customers, Q3 2021 Revenue Growth By Industry
Customers in Apparel, Footwear & Accessories Industry      26.33 %
Customers in Furniture & Fixtures Industry      19.96 %
Customers in Department & Discount Retail Industry      13.34 %
Customers in Specialty Retail Industry -26.16 %   
Customers in Wholesale Industry      17.41 %
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Movado Group Inc 's Comment on Sales, Marketing and Customers



The Company assists in the retail sales process of its wholesale customers by monitoring their sales and inventories by product category and style. The Company also assists in the conception, development and implementation of customers’ marketing vehicles. The Company places considerable emphasis on cooperative advertising programs with its wholesale customers. The Company’s assistance in the retail sales process has resulted in close relationships with its principal customers, often allowing for influence on the mix, quantity and timing of their purchasing decisions. The Company believes that customers’ familiarity with its sales approach has facilitated, and should continue to facilitate, the introduction of new products through its distribution network.


The Company permits the return of damaged or defective products. In addition, although the Company generally has no obligation to do so, it accepts other returns from customers in certain instances.

The Company has service facilities around the world including five Company-owned service facilities and multiple independent service centers which are authorized to perform warranty repairs. A list of authorized service centers can be accessed online at www.mgiservice.com. In order to maintain consistency and quality at its service facilities and authorized independent service centers, the Company conducts training sessions and distributes technical information and updates to repair personnel. All watches sold by the Company come with limited warranties covering the movement against defects in material and workmanship for periods ranging from two to three years from the date of purchase, with the exception of Tommy Hilfiger watches, for which the warranty period is ten years. In addition, the warranty period is five years for the gold plating on certain Movado watch cases and bracelets. Products that are returned under warranty to the Company are generally serviced by the Company’s employees at its service facilities.


The Company retains adequate levels of component parts to facilitate after-sales service of its watches for an extended period of time after the discontinuance of such watches.


The Company makes available a web-based system at www.mgiservice.com providing immediate access for the Company’s retail partners to information they may want or need about after sales service issues. The website allows the Company’s retailers to track their repair status online 24 hours a day. The system also permits customers to authorize repairs, track repair status through the entire repair life cycle, view repair information and obtain service order history.


Movado Group Inc 's Comment on Sales, Marketing and Customers


The Company assists in the retail sales process of its wholesale customers by monitoring their sales and inventories by product category and style. The Company also assists in the conception, development and implementation of customers’ marketing vehicles. The Company places considerable emphasis on cooperative advertising programs with its wholesale customers. The Company’s assistance in the retail sales process has resulted in close relationships with its principal customers, often allowing for influence on the mix, quantity and timing of their purchasing decisions. The Company believes that customers’ familiarity with its sales approach has facilitated, and should continue to facilitate, the introduction of new products through its distribution network.


The Company permits the return of damaged or defective products. In addition, although the Company generally has no obligation to do so, it accepts other returns from customers in certain instances.

The Company has service facilities around the world including five Company-owned service facilities and multiple independent service centers which are authorized to perform warranty repairs. A list of authorized service centers can be accessed online at www.mgiservice.com. In order to maintain consistency and quality at its service facilities and authorized independent service centers, the Company conducts training sessions and distributes technical information and updates to repair personnel. All watches sold by the Company come with limited warranties covering the movement against defects in material and workmanship for periods ranging from two to three years from the date of purchase, with the exception of Tommy Hilfiger watches, for which the warranty period is ten years. In addition, the warranty period is five years for the gold plating on certain Movado watch cases and bracelets. Products that are returned under warranty to the Company are generally serviced by the Company’s employees at its service facilities.


The Company retains adequate levels of component parts to facilitate after-sales service of its watches for an extended period of time after the discontinuance of such watches.


The Company makes available a web-based system at www.mgiservice.com providing immediate access for the Company’s retail partners to information they may want or need about after sales service issues. The website allows the Company’s retailers to track their repair status online 24 hours a day. The system also permits customers to authorize repairs, track repair status through the entire repair life cycle, view repair information and obtain service order history.








MOV's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Movado Group Inc 1,072 899 245 1,100
Abercrombie and Fitch Co 2,440 3,423 281 65,000
Bed Bath and Beyond Inc 2,131 9,176 -190 60,000
Costco Wholesale Corp 242,688 195,929 5,079 205,000
Dillard s inc 7,181 5,625 443 40,000
Dollar General Corporation 53,054 33,665 2,532 0
J c penney Company Inc 59 7,531 -1,285 114,000
Kohl s Corp 8,305 18,454 727 137,000
Limited Brands Inc 0 0 0 0
Nordstrom Inc 3,648 17,062 1,097 67,000
Target Corp 120,671 103,348 6,782 347,000
The Tjx Companies Inc 84,662 52,804 5,694 198,000
Macys Inc 9,737 21,123 516 166,900
Ross Stores Inc 39,046 17,411 1,340 71,400
Big Lots Inc 1,587 6,199 260 36,100
Blackcraft Cult, Inc. 0 0 0 5
Bebe Stores, Inc. 680 498 -80 2,601
Caleres inc 974 2,533 -18 11,000
Ever glory International Group Inc 44 363 -1 8,300
Steven Madden Ltd 3,857 1,641 150 3,578
Skechers Usa Inc 7,228 5,962 471 9,200
Weyco Group Inc 238 228 15 662
Wolverine World Wide Inc 0 2,289 -89 6,550
Tempur Sealy International Inc 8,590 4,628 594 7,200
SUBTOTAL 596,820 509,892 24,315 1,556,496


       
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