Fossil also slashed jobs in its corporate workforce and transitioned select international markets to a distributor model.

The Richardson-based watch and accessories brand is closing stores and laid off staff as part of new cost-cutting measures.

Fossil Group is looking for its next chapter under new leadership, even as it makes even deeper cuts and grapples with falling sales. The Texas-based retailer, which sells watches and accessories, is closing about one-fifth of its stores,