Fossil
Fossil is an American watch and accessory brand known for its stylish designs and commitment to quality. Founded in 1984, the company has established a significant presence in the fashion accessory market. However, Fossil has recently announced plans to close around 50 stores nationwide, accounting for 20% of its retail locations, as part of a strategy to reduce costs and focus on its traditional watch business amid ongoing economic challenges.
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Costa Rica:
Fossil announced it will close around 50 stores nationwide to reduce costs.
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