Watches of Switzerland boss Brian Duffy said travel retail could be a potential growth area for the luxury jewellery retailer as its store in Heathrow airport is “very, very successful.”
The success of the luxury watch specialist’s travel retail business at Heathrow could change Watches of Switzerland’s plan to only focus on the two territories it’s already in and make them look at opening travel stores outside of the UK and US.
“We’re very, very successful at Heathrow so it may well be that we will do something in travel retail. I think that’s the only way we would do something outside the UK or US,” Duffy said.
Although the luxury retailer’s airport business is “growing very fast”, Duffy said the group will continue to focus its attention on growing its market share in USA.
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:
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.