updated 2/1/2011 2:46:40 PM ET 2011-02-01T19:46:40

RICHARDSON, Texas, Feb. 1, 2011 (GLOBE NEWSWIRE) -- In a release published under the same headline earlier today by Fossil, Inc. (Nasdaq:FOSL), please note that the employment history for Mr. Jack Krause has been adjusted. The corrected release follows:

Fossil, Inc. (Nasdaq:FOSL) announced that Jack Krause has joined as Senior Vice President Global Retail focusing on growing the multi brand watch retail business. Jack most recently served Luxottica Retail/North America in a consulting arrangement as acting Senior Vice President of Product, Merchandising, and Planning for Lens Crafters. Prior senior leadership assignments include General Manager for Sunglass Hut North America and Senior Vice President Bath & Body Works.  Jack brings over 20 years of retail experience in sales, marketing, merchandising and design.

"We are very pleased to welcome Jack to Fossil in this newly created role.  Jack's distinctive leadership, experience and successful track record will be a great addition to the organization as we continue to focus on the amazing global growth opportunities confronting us," said Jennifer Pritchard, President Global Retail.

About Fossil

Fossil is a global design, marketing and distribution company that specializes in consumer fashion accessories. The Company's principal offerings include an extensive line of men's and women's fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, cold weather products, footwear, and apparel. In the watch and jewelry product category, the Company's offerings include a diverse portfolio of globally recognized proprietary and licensed brand names under which its products are marketed. The Company's extensive range of accessories products, brands, distribution channels and price points allows it to target style-conscious consumers across a wide age spectrum on a global basis. The Company's products are sold to department stores, specialty retail stores, and specialty watch and jewelry stores in the U.S. and in over 100 countries worldwide through 23 company-owned foreign sales subsidiaries and a network of over 60 independent distributors. The Company also distributes its products in 354 company owned and operated retail stores and through international e-commerce websites and the Company's U.S. e-commerce website at www.fossil.com , where certain product, press release and SEC filing information concerning the Company is also available.

CONTACT: Mike Kovar
         Chief Financial Officer
         Fossil, Inc.
         (972) 699-6811
         
         Investor Relations:
         Allison Malkin
         Integrated Corporate Relations
         (203) 682-8200

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