US-based luxury leathergoods producer Fossil has posted lower second quarter sales and earnings. Sales for the quarter ended July 4 totalled $315.9 million, down 10.6% year-on-year compared with $353.2 million during the second quarter of 2008. Gross profit fell 12.1% to $167.2 million, accounting for 52.9% of net sales, compared with $190.3...

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