Watches of Switzerland eyes new store openings after ‘strong finish’ to year

Watches of Switzerland Knightsbridge

Watches of Switzerland has recorded strong sales across both the UK and the US, with momentum continuing into the new financial year.

Revenues rose 13.3% in constant currency to £905.1m in the 53 weeks to May 2, 2021, in line with guidance despite the extended UK lockdown.

Watches of Switzerland reported that UK sales were up 3.6% for the year, despite enforced store closures for 26 weeks of the year and “significantly reduced tourism and airport business”.

The retailer also said that it achieved a “significant step-up” in ecommerce sales, up 120.5% year on year.

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