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

MOV

 
MOV's Source of Revenues Customers of Movado Group Inc saw their costs of revenue decrease by -1.15 % in Q4 compare to a year ago, sequentially costs of revenue grew by 6.23 %, for the same period Movado Group Inc revnue deteriorated by -4.21 % year on year, sequentially revnue fell by -7.12 %.

List of MOV Customers




Customers of Movado Group Inc saw their costs of revenue decrease by -1.15 % in Q4 compare to a year ago, sequentially costs of revenue grew by 6.23 %, for the same period Movado Group Inc revnue deteriorated by -4.21 % year on year, sequentially revnue fell by -7.12 %.

List of MOV Customers


   
Customers Net Income fell in Q4 by Customers Net margin fell to %
-5.02 % 4.08 %



Movado Group Inc 's Customers, Q4 2019 Revenue Growth By Industry
Customers in Apparel, Footwear & Accessories Industry      8.93 %
Customers in Furniture & Fixtures Industry      32.88 %
Customers in Retail Apparel Industry      28.98 %
Customers in Department & Discount Retail Industry      0.96 %
Customers in Specialty Retail Industry -9 %   
Customers in Wholesale Industry      5.62 %
     
• 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 TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Movado Group Inc MOV 267 701 42 1,100
Abercrombie and Fitch Co ANF 893 3,623 45 65,000
Bed Bath and Beyond Inc BBBY 993 11,159 -614 60,000
Costco Wholesale Corp COST 139,672 158,350 3,829 205,000
Dillards inc DDS 826 6,343 111 40,000
Dollar General Corporation DG 48,126 29,579 1,978 0
J C Penney Company Inc JCP 59 10,716 -268 114,000
Kohl s Corp KSS 3,504 19,974 691 137,000
Limited Brands Inc LTD 0 0 0 0
Nordstrom Inc JWN 3,058 15,524 496 67,000
Target Corp TGT 62,019 80,100 2,770 347,000
The Tjx Companies Inc TJX 66,035 36,848 1,685 198,000
Macys Inc M 3,306 24,560 564 166,900
Ross Stores Inc ROST 35,646 16,021 1,661 71,400
Big Lots Inc BIG 1,494 5,323 242 36,100
Blackcraft Cult, Inc. BLCK 0 0 0 5
Bebe Stores, Inc. BEBE 309 498 -80 2,601
Caleres Inc CAL 355 2,922 64 11,000
Ever glory International Group Inc EVK 10 383 1 8,300
Steven Madden Ltd SHOO 2,140 1,787 142 3,578
Skechers Usa Inc SKX 5,359 5,186 337 9,200
Weyco Group Inc WEYS 195 293 18 662
Wolverine World Wide Inc WWW 1,908 2,190 101 6,550
Tempur Sealy International Inc TPX 3,703 3,238 221 7,200
SUBTOTAL 379,608 434,616 13,993 1,556,496


       
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