Watches of Switzerland hails ‘strong’ first quarter since IPO
Watches of Switzerland group posted an increase in sales and like for likes during its first quarter since becoming a listed business.
The luxury watch retailer, which also owns Goldsmiths, Mappin & Webb and Mayors in the US, registered a 17.8% jump to £209.4m in group revenue for the three months to July 28.
Group like for likes increased 10.8% up from a 7.3% increase for the same period the previous year.
The jewellery retailer’s like-for-like sales in the UK, excluding online, increased 11.5% during the period, up from a 6% increase during the first quarter of 2018.
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