All Watches of Switzerland articles
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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”.
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NewsWatches of Switzerland clocks up rise in profits as store expansion drives sales
Watches of Switzerland has registered a spike in profits as its investments in new showrooms and store refurbishments bore fruit.
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Retail Navigator AnalysisWatches of Switzerland Group (SWOT)
In the UK, sales of luxury watches were up 28% year on year in FY2022, while luxury jewellery sales increased 10%, showing that demand for these high-end products shows little sign of waning. The group’s luxury brands are coveted by an affluent clientele that is likely to feel less impact from the increasing costs of living as inflation and interest rates continue to rise.
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Retail Navigator AnalysisWatches of Switzerland Group (Financials)
Watches of Switzerland hailed another “record” year as group sales increased by almost a quarter (+24.6%) on a reported basis to £1.54bn in the year to 30 April 2023 (FY2022) as demand for luxury watches remained strong in both the UK and US markets.
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Retail Navigator AnalysisWatches of Switzerland Group (Overview)
Luxury watch and jewellery retailer the Watches of Switzerland Group comprises some 145 UK physical locations, just under 50 in the US and a handful of showrooms in Europe, consisting of both mixed-brand showrooms and single-brand boutiques.
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Retail Navigator AnalysisWatches of Switzerland Group (Strategy)
The Watches of Switzerland Group has an enviable portfolio of luxury watch brands, complemented by a growing luxury jewellery offering, which it sells in modern and luxurious showrooms and online, priding itself on its employees’ expertise and high levels of customer service.
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NewsWatches of Switzerland sales surge as luxury demand ‘remains robust’
Watches of Switzerland has posted a spike in sales and unveiled plans for a new London flagship as demand for its luxury products “remains robust”.
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AnalysisDeep dive: After Bank of England’s horror warning, is your business recession-ready?
Soaring energy prices, growing inflation and nose-diving consumer confidence present a perfect storm for retailers in 2022. What can be done to weather it?
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NewsWatches of Switzerland hails ‘strong momentum’ as profits surge
Watches of Switzerland has clocked up a surge in profits and insisted it has built “strong momentum” as it bounces back from the coronavirus crisis.
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NewsWatches of Switzerland boss slams UK VAT rules and favours EU expansion
Watches of Switzerland chief executive Brian Duffy has called on the government to reverse the “mistake” of ending duty-free shopping benefits in the UK.