Movado Group’s sales up 4 percent in Q2

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Movado Group’s net sales rose 4 percent year-over-year in its fiscal second quarter, from $138.3 million to $143.6 million, reports say. The company noted its performance to be spurred by rise in its brands and that of the licensed brand and retail categories, while also noting good activity at its outlet retail stores. It also noted that retail sell-through still is ahead of shipments and the overall market, reports added.