Movado Group Inc's Customers Performance
MOV
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MOV's Source of Revenues |
Movado Group Inc's Corporate Customers have recorded an advance in their cost of revenue by 4.15 % in the 3 quarter 2023 year on year, sequentially costs of revenue grew by 40.02 %. During the corresponding time, Movado Group Inc revenue deteriorated by -11.39 % year on year, sequentially revenue grew by 16.87 %. While revenue at the Movado Group Inc 's corporate clients recorded rose by 4.88 % year on year, sequentially revenue grew by 33.39 %.
• List of MOV Customers
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Movado Group Inc's Customers have recorded an advance in their cost of revenue by 4.15 % in the 3 quarter 2023 year on year, sequentially costs of revenue grew by 40.02 %, for the same period Movado Group Inc revnue deteriorated by -11.39 % year on year, sequentially revenue grew by 16.87 %.
• List of MOV Customers
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Customers Net Income grew in Q3 by |
Customers Net margin grew to |
91.84 % |
2.08 % |
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.
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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 |
604.57 |
667.29 |
53.99 |
1,100 |
Abercrombie and Fitch Co |
6,884.27 |
4,027.58 |
215.00 |
65,000 |
Bed Bath and Beyond Inc |
7.29 |
5,344.69 |
-3,498.80 |
60,000 |
Big Lots Inc |
106.07 |
4,831.39 |
-463.63 |
36,100 |
Caleres inc |
1,377.92 |
2,815.72 |
157.88 |
11,000 |
Costco Wholesale Corp |
325,355.34 |
248,828.00 |
6,794.00 |
304,000 |
Dillard s inc |
6,972.25 |
6,878.03 |
777.53 |
40,000 |
Dollar General Corporation |
33,398.46 |
39,034.95 |
1,918.60 |
163,000 |
Ever glory International Group Inc |
4.30 |
340.23 |
1.23 |
8,300 |
Nordstrom Inc |
2,791.02 |
14,593.00 |
118.00 |
67,000 |
Kohl s Corp |
2,787.47 |
17,539.00 |
-142.00 |
137,000 |
Macys Inc |
6,088.80 |
23,755.00 |
684.00 |
166,900 |
Ross Stores Inc |
48,525.82 |
19,545.95 |
1,711.88 |
100,000 |
Steven Madden Ltd |
3,047.69 |
1,981.58 |
173.98 |
3,578 |
Skechers Usa Inc |
9,514.14 |
7,917.16 |
630.30 |
9,200 |
Target Corporation |
77,571.30 |
107,412.00 |
4,138.00 |
450,000 |
The Tjx Companies Inc |
111,422.76 |
50,940.21 |
3,894.20 |
340,000 |
Tempur Sealy International Inc |
9,306.91 |
4,924.70 |
370.70 |
7,200 |
Weyco Group inc |
847,280.61 |
318.05 |
30.19 |
662 |
Walmart Inc |
494,240.55 |
611,289.00 |
11,292.00 |
2,300,000 |
Wolverine World Wide Inc |
788.12 |
2,242.50 |
-39.20 |
6,550 |
SUBTOTAL |
1,987,471.10 |
1,174,558.74 |
28,763.84 |
4,275,490 |
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