Following a stellar set of maiden interim results since floating in May this year, Watches of Switzerland boss tells Retail Week how the luxury brand continues to stand the test of time.
Watches of Switzerland posted soaring profits and sales during the six months to October 27 – its first half-year results since its IPO earlier this year.
Adjusted profit before tax was up 112% to £26.5m and group revenue jumped 17.3% to £428.7m – on a like-for-like basis sales grew 10.3%.
The impressive results bucked the trend on the high street in both the UK and USA as the luxury watch market remained “robust”, with demand outpacing supply.
As other recent retail stock market debuts such as Footasylum and The Works have struggled to live up their initial promise, how has Watches of Switzerland driven such impressive results – and how does chief executive Brian Duffy plan to maintain momentum?
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
During December, registered users can access 24 free articles in our advent calendar - find it here or on the homepage.
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.