8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 8, 2009

FOSSIL, INC.

(Exact name of registrant as specified in its charter)

Delaware	0-19848	75-2018505
(State or other jurisdiction of	(Commission File Number)	(IRS Employer
incorporation)		Identification No.)
2280 N. Greenville Avenue
Richardson, Texas		75082
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (972) 234-2525.

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.              Regulation FD Disclosure.

On January 8, 2009, Fossil, Inc. (the “Company”) announced that its President, Mike Barnes, and Executive Vice President and Chief Financial Officer, Mike Kovar, will be presenting at two investor conferences.  The 7th Annual Cowen and Company Consumer Conference is scheduled for Tuesday, January 13, 2009, at 2:00 p.m. Eastern Time at The Westin New York at Times Square. The presentation for the 11th Annual ICR XChange Conference is scheduled for Thursday, January 15, 2009, at 10:20 a.m. Pacific Time at The St. Regis Monarch Beach Resort & Spa in Dana Point, California.

The Company issued a press release announcing these presentations on January 8, 2009.  A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.  A copy of the presentation is attached as Exhibit 99.2 to this report.

The information in this Current Report and the accompanying exhibits is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Certain statements contained in the presentation slides that are not historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties.  The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.  Among the factors that could cause actual results to differ materially are the effect of worldwide economic conditions; significant changes in consumer spending patterns or preferences; acts of war or acts of terrorism; changes in foreign currency valuations in relation to the U.S. dollar, principally the Euro, British Pound and Swiss Franc; lowered levels of consumer spending resulting from a general economic downturn or generally reduced shopping activity caused by public safety or consumer confidence concerns; the performance of our products within the prevailing retail environment; customer acceptance of both new designs and newly-introduced product lines; financial difficulties encountered by customers; the effects of vigorous competition in the markets in which we operate; the integration of the organizations and operations of any acquired businesses into our existing organization and operations; the termination or non-renewal of material licenses, foreign operations and manufacturing; changes in the costs of materials, labor and advertising; government regulation; our ability to secure and protect trademarks and other intellectual property rights; and the outcome of current and possible future litigation, as well as the risks and uncertainties set forth in the Company’s Annual Report on Form 10-K for the year ended January 5, 2008 and its Form 10-Q reports filed with the Securities and Exchange Commission.

Item 9.01.              Financial Statements and Exhibits.

(d)	Exhibits
99.1	Press Release dated January 8, 2009.
99.2	Slide show presentation of Fossil, Inc. dated January 9, 2009.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:    January 12, 2009
	FOSSIL, INC.
	By:	/s/ Mike L. Kovar
		Mike L. Kovar
		Executive Vice President and Chief Financial Officer

3

EXHIBIT INDEX

Exhibit No	Description
99.1	Press Release dated January 8, 2009.
99.2	Slide show presentation of Fossil, Inc. dated January 9, 2009.

4

EX-99.1

Exhibit 99.1

2280 North Greenville Avenue, Richardson, TX 75082

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

FOSSIL, INC. ANNOUNCES PARTICIPATION IN INVESTOR CONFERENCES

Richardson, TX. January 8, 2009 – Fossil, Inc. (NASDAQ: FOSL) announced today that the Company will be participating at the 7th Annual Cowen and Company Consumer Conference and the 11th Annual ICR XChange Conference.

The presentation for the 7th Annual Cowen and Company Consumer Conference is scheduled for Tuesday, January 13, 2009, at 2:00 p.m. Eastern Time at The Westin New York at Times Square. The presentation for the 11th Annual ICR XChange Conference is scheduled for Thursday, January 15, 2009, at 10:20 a.m. Pacific Time at The St. Regis Monarch Beach Resort & Spa in Dana Point, California. Mike Barnes, President, and Mike Kovar, Executive Vice President and Chief Financial Officer, will host the presentations.

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, 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 accessory 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 90 countries worldwide through 23 company-owned foreign sales subsidiaries and a network of approximately 58 independent distributors.  The Company also distributes its products in over 280 company owned and operated retail stores and through the Company’s e-commerce website at www.fossil.com, where certain product, press release and SEC filing information concerning the Company are also available.

END OF RELEASE

EX-99.2

Exhibit 99.2

[LOGO]

Company Highlights • Global accessory leader • Compelling brands with worldwide appeal • High-margin businesses • Proprietary brand strength • Significant opportunities for growth • Growing and profitable retail segment • Consistent track record of growth • Strong balance sheet and cash flow

2003 2004 2005 2006 2007 Net Sales Growth ($ in Millions) $1,214 $1,433 $1,043 $957 $781 Historical Growth Net Sales 22.5% 16.4% 18.0% 9.0%

Global Diversity International 54% US 46%

Category Mix Watches Jewelry Leather Other Watches 67% Jewelry 8% Leather 18% Other 7%

• Affordable and innovative offerings • Minimal seasonal obsolescence and short production cycles provide greater ability to control inventory and margins • Growth in new and under-penetrated geographies • Strong financial position Key Advantages in a Weak Economy

• Healthy cash balances and strong cash flow model. • Increased capacity under US revolving line from $100 million to $140 million • No outstanding borrowings under US credit facility • Minimal other debt of approx $7 million Strong Financial Position

• Cost reductions/realignment • Focusing on inventory • Invest in areas offering immediate return • Reducing 2009 cap ex plans • Reducing store expansion to 40-50 from 80-85 in 2009 focusing on high ROI international geographies • Outlets – flexible channel for discontinued merchandise • Capitalize on strength of balance sheet • Opportunity for market share gains • Increased flexibility to acquire and license new brand Current Initiatives

DESIGN & EXECUTION Core Strengths

World Class Design

World Class Execution

FOSSIL DIRECT JEWELRY WATCHES ACCESSORIES Our Business Model

Growth Opportunities • Fossil Brand • Direct Business • International Platform

Brand Repositioning

• Direct distribution for core businesses • Strong financial metrics • Excellent use of capital • Global footprint – early mover advantage • Accelerates global brand communication Fossil Direct Stores – Web - Catalog

2004 2005 2006 2007 Proj 2008 Accessory Apparel Outlet Mulit-brand Fossil Retail Historical Store Growth by Concept 136 171 198 244 325 Total Doors

Global Accessory Stores Proj. 2008 North America 48% Europe 34% Asia 18%

• Strong 4 wall metrics • High ROI • Positive Comps • Scalable Fossil Retail Accessory Stores Non-Watch 42% Watch 58%

Heidelberg, Germany Opened 11/7/08

Paris, France Opened 11/14/08

Penang, Malaysia Opened 11/15/08

Hamburg, Germany Opened 11/21/08

700 Million Impressions 1.8 Million Visitors / Month 1 Million Opt-In Email Addresses $25 Million Annual Sales WWW.FOSSIL.COM Ecommerce – U.S.

German Website Launch in Sept 2007 200K Visitors / Month $4 Million in Annual Sales Australia, UK & Singapore Sites in 2008 WWW.FOSSIL.DE Ecommerce – International

Catalog 7.2 Million Annual Circulation and Growing 877K Name House File 7 Catalog Mailings in ‘08

Global Presence Fossil-owned Markets 3rd Party Distribution Partners

Sales Mix 2007 (in millions) $ % Mix Europe Wholesale $ 483.9 33.8% Other Int’l. Wholesale 233.2 16.2 Total Int’l. Wholesale 717.1 50.0 Domestic Wholesale 460.6 32.2 Direct to Consumer 255.3 17.8 Total $1,433.0 100.0%

Shop-in-Shop: London, UK

Shop-in-Shop: Belfast, Northern Ireland

Shop-in-Shop: Malaysia

Shop-in-Shop: Singapore

Financial Summary

2003 2004 2005 2006 2007 US Wholesale Intl Wholesale Direct Net Sales Growth ($ in Millions) $1,214 $1,433 $1,043 $957 $781 2004 2005 2006 2007 10 Year 19.5 19.1 19.4 19.3 5 Year 18.9 15.7 17.4 16.7 CAGR % Increase Over Prior Year 2004 2005 2006 2007 US Wholesale 13.2 7.9 7.5 4.0 Intl Wholesale 26.9 6.2 20.1 30.3 Direct 38.5 20.0 27.6 15.6 Historical Growth Net Sales 22.5% 9.0% 18.0% 16.4%

$398 $503 $535 $609 $742 2003 2004 2005 2006 2007 $106 $131 $109 $123 $186 2003 2004 2005 2006 2007 Historical Growth Gross Profit and Operating Income Gross Profit ($ in Millions) Operating Income ($ in Millions) Gross Profit Margin % 2003 2004 2005 2006 2007 51.0 52.5 51.3 50.2 51.8 Operating Margin % 2003 2004 2005 2006 2007 13.5 13.7 10.4 10.2 13.0 Return on Invested Capital (ROIC) % 2003 2004 2005 2006 2007 14.1 14.3 14.0 12.6 12.6

Current Performance YTD Q3 Net Sales ($ in Millions) 15.4% Gross Profit ($ in Millions) Op Income ($ in Millions) 23.3% 42.0% YTD Q3 08 YTD Q3 07 Gross Margin Operating Margin 54.4% 13.2% 50.9% 10.7% Diluted EPS $1.33 $1.00 2007 $969.9 2008 $1,119.1 2007 $104.1 2008 $147.8 2007 $493.6 2008 $608.8

($ in millions, except for per share data) Q3 2008 Q3 2007 FY 2007 FY 2006 Cash and cash equivalents 125 196 268 140 Accounts receivable - net 229 201 227 155 Inventories - net 332 266 248 228 Short-term debt 4 12 10 11 Stockholders’ equity 768 708 772 602 Cash flow from operations 132 148 Cash flow / share $1.88 $2.16 Depreciation and amortization expense 26 23 33 32 Capital expenditures 41 24 40 51 Financial Position Selected Financial Information

Thanks for Stopping By