Nonetheless, given the challenging environment for both our category and retailers in the U.S. and Europe, and consistent with the message conveyed on our second quarter conference call, we have started to take the steps needed to drive improving financial performance. Our focus now is on a successful holiday season and building a strong business model for next year that will reduce costs, continue our brand building initiatives while rationalizing marketing investments, delivering on key growth opportunities such as jewelry and growth markets like India and Southeast Asia, and returning North America and our Movado brand to higher levels of profitability.

Dec 5, 2024 / CEO / receipt, needs a key / Ephraim Grunberg, CEO | earnings call 2024-12-05 | transcript 8cee01a3-622b-4bf5-9c24-6dbf98e408b1 | chars 2462-3126 | segment 2