Fossil has more than 200 stores here in the USA - many will close
The company was not hiding the fact that they have issues
They are not specifying what stores are closing
See more here:
http://www.dallasnews.com/business/retail/2016/11/03/fashion-brand-fossil-will-close-stores-reorganize-business
Fossil declined to say how many of its 610 stores in the U.S., Europe and Asia it plans to close. There are 284 Fossil stores in the U.S.
"We'll review and adjust our overall structure with an eye toward streamlining the way we work to respond to the changing needs and demands of our customers," said CEO Kosta Kartsotis.