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Time's up at Northbrook Movado boutique

April 21, 2007

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Disappointing sales at Movado boutiques during fiscal 2007 led the company to close its Northbrook Court store this past Thursday. The watchmaker's Soho boutique is also on the list of stores that underperformed.

According to Movado Chief Executive Officer Efraim Grinberg, they will continue with efforts to maximize profits in this segment, beginning with the opening of two additional stores in California. With these changes in place, the total number of boutiques nationwide remains at 31.
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