Watches of Switzerland sales rise despite ‘significant’ coronavirus impact

Award-winning Watches of Switzerland store from outside

Watches of Switzerland has posted an increase in full-year sales despite its top line being “significantly impacted” by the coronavirus crisis.

The luxury watch specialist said group revenue increased 5.9% to £819.3m in the 52 weeks to April 26, ahead of recently revised guidance.

Sales in the UK edged up 0.6% to £591.6m, while revenues raked in from its US business jumped 22.9% to £227.7m. However, the retailer said store closures “impacted momentum” during the final six weeks of its financial year, despite a 45.8% spike in ecommerce sales during the final six weeks of its financial year, as lockdown measures drove shoppers online.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading 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:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

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.