All Watches of Switzerland articles
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Retail Navigator AnalysisWatches of Switzerland Group (Financials)
Amid a “more challenging market” sales at Watches of Switzerland Group slipped 0.3% year on year on a reported basis to £1.54bn in the year to 28 April 2024 (FY2023) as the retailer hailed market share gains in both the UK and US.
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NewsWatches of Switzerland is upbeat heading into Christmas despite plummeting profits
Watches of Switzerland boss Brian Duffy has said the brand is performing “encouragingly” heading into Christmas, despite profits plummeting at the retailer.
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Retail Navigator AnalysisWatches of Switzerland Group (Strategy)
Watches of Switzerland Group’s acquisition of Hodinkee, a global digital editorial content provider and destination for luxury watch enthusiasts, will bolster the retailer’s “ability to capture market share, particularly in the fast growing US market”.
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NewsWatches of Switzerland snaps up luxury digital content platform
Watches of Switzerland has acquired a global digital editorial content provider which it said is preeminent in its field.
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NewsWatches of Switzerland is on track for the full year thanks to UK market ‘stabilisation’
Watches of Switzerland has reported trading in line with expectations for the start of the financial year as the demand for luxury watches and jewellery in both the UK and US steadied.
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NewsWatches of Switzerland says UK market ‘stabilising’
Luxury specialist Watches of Switzerland is “cautiously optimistic” about trading in the year ahead.
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AnalysisHow winners are standing out from losers in troubled luxury market
As luxury fashion retailers experience a slowdown in demand, Retail Week looks at some of the struggles facing the market and asks whether brands are right to remain optimistic
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NewsWatches of Switzerland sales hit by ‘minimal return’ of tourist shopping
Watches of Switzerland has reported flat sales for the full year of 2024 driven by a challenging trading environment and the “minimal return of tourist spending” in the UK.
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NewsWatches of Switzerland builds US business with $130m jewellery deal
Watches of Switzerland has bought US jeweller Roberto Coin for $130m (£104m) as it targets growth in the luxury branded jewellery category.
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AnalysisHow Currys became one of the UK’s most productive retailers
Currys has leapfrogged into the top five in a ranking of The UK’s Top 30 Most Productive Retailers, according to new exclusive data.
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DataData: Aldi tops ranking of most productive retailers
Aldi leads the top 30 most productive multichannel retailers with a product offer that appeals to cash-strapped consumers and its focus on efficiency, a Retail Week report launched today reveals.
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NewsWatches of Switzerland welcomes VAT-free shopping review as sales slip
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.
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NewsWatches of Switzerland issues profit warning
Watches of Switzerland has issued a profit warning as shares plummeted by more than 25% this morning. In the run-up to Christmas, consumers opted to spend on fashion, beauty, travel and hospitality rather than luxury.
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NewsWatches of Switzerland flat sales offset by ‘strong momentum in US’
Watches of Switzerland has posted flat group sales that were strengthened by its trading performance in the US.
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NewsWatches of Switzerland sales increase
Watches of Switzerland posted strong sales as demand for luxury watches remains robust despite a difficult consumer environment.
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NewsWatches of Switzerland sales dip
Watches of Switzerland has reported a fall in total sales but said performance remains “in line with our guidance and expectations” in the first quarter ending July 2023.
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NewsWatches of Switzerland sales and profits soar in record year
Watches of Switzerland has posted a “record” year of revenue and profitability, entering 2024 “significantly ahead” of what it previously forecast as strong momentum across the US, UK and Europe continues.
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InterviewQ&A: Watches of Switzerland CEO Brian Duffy on why the UK is missing out on tourist shoppers
Retail Week speaks to Watches of Switzerland chief executive Brian Duffy about the detrimental impact of tourist tax, the luxury retailer’s secret to success and its international expansion plans in the pipeline
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NewsWatches of Switzerland hails strong performance ahead of guidance
Watches of Switzerland reported a strong year of revenue and profitability despite a challenging trading environment.
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NewsWatches of Switzerland hails ‘omnichannel excellence’ for strong trading performance
Watches of Switzerland has reported a surge in revenue owing to a “dedication to omnichannel excellence and our exceptional client service”.