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canada goose One category that is growing is margin dilutive and its ultimate scalability remains unproven, at the same time management is suggesting it will drop price to move units, Instinet analyst Simeon Siegel wrote in a note.seems the company is stuck between a fossil and a hard place.The brokerage cut its price target to $15 from $20, but maintained its rating.Wells Fargo analysts said chances of Fossil fortunes changing in the second half are slim as people would stick to buying their Fitbit and Apple smartwatches regardless of Fossil reducing its prices.The brokerage downgraded the stock to from weightSlowing industry demand for smartwatches and fitness bands could also pressure earnings.The global wearables market grew by a measly 3.1 percent in the third quarter of 2016, tumbling from a growth of more 219.7 percent in the year earlier quarter, according to market research firm IDC. Data for the latest quarter is yet to be released.Years of falling mall traffic a trend that is likely to continue this year is also likely to further pressure sales of Fossil products.The company shares were down 17 percent at $19.02 in afternoon trading on Tuesday, after touching a low of $18.10. They have fallen about 31 percent in the last 12 months.. canada goose

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