Luxury

Watches of Switzerland welcomes VAT-free shopping review as sales slip

By 8 February 2024

Award-winning Watches of Switzerland store from outside

Upscale retailer Watches of Switzerland said it is “encouraged” by a review of VAT-free shopping as sales remain under pressure in tough trading conditions. 

Watches of Switzerland reported a slip in sales over the third quarter, particularly in the UK where the end of VAT-free shopping has hit tourist spending.

 

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