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

MOV's Supply Chain

 
MOV Costs vs Sales of Suppliers Growth Movado Group Inc's Suppliers recorded an increase in sales by 7 % year on year in Q3 2023, from the previous quarter, sales fell by -0.89 %, Movado Group Inc's cost of sales deteriorated by -5.94 % year on year, sequentially cost of sales grew by 19.72 % in Q3.

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Movado Group Inc's Suppliers recorded an increase in sales by 7 % year on year in Q3 2023, from the previous quarter, sales fell by -0.89 %, Movado Group Inc's cost of sales deteriorated by -5.94 % year on year, sequentially cost of sales grew by 19.72 % in Q3.

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  News about Movado Group Inc Contracts



Movado Group Inc's Comment on Supply Chain


The Company does not manufacture any of the products it sells. The Company employs a flexible manufacturing model that relies on independent manufacturers to meet shifts in marketplace demand and changes in consumer preferences. All product sources must achieve and maintain the Company’s high quality standards and specifications. With strong supply chain organizations in Switzerland, China and Hong Kong, the Company maintains control over the quality of its products, wherever they are manufactured. Compliance is monitored with strictly enforced quality control standards, including on-site quality inspections.


A majority of the Swiss watch movements used in the manufacture of Movado, Ebel and Concord watches are purchased from two suppliers. The Company obtains other watch components for all of its brands, including movements, cases, hands, dials, bracelets and straps from a number of other suppliers. The Company does not have long-term supply commitments with any of its component parts suppliers.


Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured in Switzerland by independent third party assemblers. All Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured using Swiss movements. Movado smart watches include connected technology developed by Fullpower Technologies, Inc. or HP Inc. All of the Company’s products are manufactured using components obtained from third party suppliers. A majority of Movado BOLD watches are manufactured by independent contractors in Asia using Swiss movements. Coach, Tommy Hilfiger, HUGO BOSS, Juicy Couture, Scuderia Ferrari and Lacoste watches are manufactured by independent contractors in Asia.


Movado Group Inc's Comment on Supply Chain


The Company does not manufacture any of the products it sells. The Company employs a flexible manufacturing model that relies on independent manufacturers to meet shifts in marketplace demand and changes in consumer preferences. All product sources must achieve and maintain the Company’s high quality standards and specifications. With strong supply chain organizations in Switzerland, China and Hong Kong, the Company maintains control over the quality of its products, wherever they are manufactured. Compliance is monitored with strictly enforced quality control standards, including on-site quality inspections.


A majority of the Swiss watch movements used in the manufacture of Movado, Ebel and Concord watches are purchased from two suppliers. The Company obtains other watch components for all of its brands, including movements, cases, hands, dials, bracelets and straps from a number of other suppliers. The Company does not have long-term supply commitments with any of its component parts suppliers.


Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured in Switzerland by independent third party assemblers. All Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured using Swiss movements. Movado smart watches include connected technology developed by Fullpower Technologies, Inc. or HP Inc. All of the Company’s products are manufactured using components obtained from third party suppliers. A majority of Movado BOLD watches are manufactured by independent contractors in Asia using Swiss movements. Coach, Tommy Hilfiger, HUGO BOSS, Juicy Couture, Scuderia Ferrari and Lacoste watches are manufactured by independent contractors in Asia.



MOV's Suppliers Net Income grew by MOV's Suppliers Net margin grew in Q3 to
30.81 % 12.82 %


Movado Group Inc 's Suppliers Sales Growth in Q3 2023 by Industry

Suppliers from Chemical Manufacturing Industry      1.23 %
Suppliers from Metal Mining Industry      10.31 %
Suppliers from Miscellaneous Fabricated Products Industry -0.63 %   
Suppliers from Construction Raw Materials Industry      12.61 %
Suppliers from Apparel, Footwear & Accessories Industry -11.12 %   
     
• MOV Suppliers Valuation • MOV Suppliers Mgmt. Effect.





MOV's vs. Suppliers, 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
Apogee Enterprises Inc 1,261.57 1,398.49 104.10 4,614
Ashland Inc 5,129.73 2,191.00 178.00 11,000
Atlas Lithium Corporation 118.71 0.01 -17.67 0
Golden Minerals Co 2.64 16.29 -12.01 160
Augusta Gold Corp 29.16 0.00 -1.87 1
Coeur Mining Inc 1,125.92 821.21 -103.61 2,087
Contango Ore Inc 213.39 0.00 -45.80 3
Dynaresource Inc 45.12 40.13 -3.83 99
Yinfu Gold Corporation 130.52 0.00 -0.07 4
Freeport mcmoran Inc 64,218.00 22,855.00 3,751.00 24,700
Golden Star Resource Corp 4.32 0.00 -0.06 0
Gold Resource Corporation 33.98 108.00 -16.24 13
Hecla Mining Company 2,650.43 753.46 -45.73 0
Inception Mining Inc 0.17 4.09 1.68 95
Corvus Gold Inc 407.68 0.00 -18.95 0
Comstock Inc 40.01 1.27 10.53 10
Lode star Mining Inc 1.87 0.00 -0.05 2
Magellan Gold Corporation 3,568.88 0.16 -1.21 1
Mcewen Mining inc 403.30 166.23 33.18 293
Newmont Corporation 28,903.53 11,812.00 -2,467.00 31,000
Novagold Resources Inc 10,109.26 21,659.00 7,797.00 13
Nevada Canyon Gold Corp 41.34 0.00 -2.65 0
Pgt Innovations Inc 2,438.90 1,500.60 113.09 2,600
Palayan Resources Inc 0.00 0.00 -0.35 0
Ppg Industries Inc 33,012.88 18,246.00 1,309.00 49,300
Paramount Gold Nevada Corp 22.80 0.65 6.68 6
Zhen Ding Resources Inc 331.65 0.00 -1.23 2
Royal Gold inc 7,357.34 605.72 240.13 21
Rise Gold Corp 4.44 2.21 -4.00 1
Southern Copper Corp 79,243.80 9,895.80 2,434.70 13,414
Star Gold Corp 2.03 0.00 -0.42 1
Tuanche Ltd 495.29 56.11 -16.00 700
Tecnoglass Inc 2,157.53 832.93 183.51 5,853
Thunder Mountain Gold Inc 137.03 0.00 -0.81 10
Tandy Leather Factory Inc 38.24 76.59 2.28 0
Timberline Resources Corporation 7.21 0.00 -1.53 0
Vista Gold Corp 69.79 0.00 -6.59 13
Verde Resources Inc 145.77 0.16 -6.66 3
SUBTOTAL 243,904.22 93,043.10 13,390.52 146,019


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