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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 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




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


   
Customers Net Income grew in Q3 by Customers Net margin grew to
91.84 % 2.08 %



Movado Group Inc's Customers, Q3 2023 Revenue Growth By Industry
Customers in Apparel, Footwear & Accessories Industry -1.75 %   
Customers in Furniture & Fixtures Industry -0.51 %   
Customers in Retail Apparel Industry      6.67 %
Customers in Department & Discount Retail Industry -4.37 %   
Customers in Wholesale Industry      3.64 %
     
• Customers Valuation • 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 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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