Movado Group profits halved in the first quarter of its fiscal 2009 as sluggish sales in the United States continued to affect its business. The luxury retailer reported Thursday that net income fell 52 percent to $1.2 million in the three months ending April 31, 2008. Earnings per share fell 44 percent to $0.05. Sales were flat at $101.4 million.

“The strength of our international business -- which generates approximately half of our wholesale watch revenue -- offset the continued effects of a challenging retail and economic environment in the United States,” said Efraim Grinberg, president and CEO of Movado.

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