Watches falling out of favor, Capri CEO says, sending shares of Fossil, Movado lower

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While Capri Holdings just put up a quarter that beat profit expectations, CEO John Idol pointed out a key weakness in one category that pulled down shares of several competitors.

 

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Last time I wore a watch was in ....2005 or 06...been a long time, the battery went dead and I thought, 'why bother, I never wear it'....

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