Fossil Group, Inc. (FOSL) reported that in fiscal 2017 the company generated progress toward its strategic initiatives, which included driving growth in wearables across its portfolio of brands, aimed at accelerating the evolution of the business to position Fossil for long term profitable growth. The company announced, over the next several years, it will continue to transform business model to address changes in consumer behaviors and their purchases of traditional watches and connected devices, as well as jewelry and leathers.
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