High-paying jobs and the attractive job market attract Germans to Switzerland. However, one emigrant complains about the locals’ lack of sociability. Switzerland, one of the richest countries in the world, attracts many Germans with high wages and good working conditions. According to ZDF, around 65,000 Germans leave the Eurozone as cross-border commuters to work in...
Category: Shopping
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Watches of Switzerland says UK sales continue to be hit by tourist tax
Rolex retailer Watches of Switzerland has said its UK sales continue to be impacted by “minimal return” from tourist spending due to a lack of VAT-free shopping. However, the group, which also owns the Goldsmiths and Mayors jewellery chains, said it was “cautiously optimistic” about trading over the next year as it posted a growth...
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Wealthy Nordics are fleeing to Zurich due to high wealth taxes
Sweden’s largest bank by market value, SEB AB, is opening an office in Zurich to cater to wealthy expatriates from the Nordic region. The first Swedish bank to set up shop in Switzerland, SEB follows a raft of Norwegian rivals that are flocking to the country in the footsteps of their rich countrymen, many of...
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Watches of Switzerland sales hit by ‘minimal return’ of tourist shopping
The luxury watches retailer saw total sales remain flat on a reported basis at £1.5bn in the 52 weeks ending April 28, 2024. On a constant currency basis, sales grew 2% in the same period. Sales in the US grew 6% to £846m, while sales in the UK and Europe dropped 5% to £846m “impacted...
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Rolex acquisition triggers Watches of Switzerland share crash
Watches of Switzerland (WOSG) shares tumbled on Friday morning amid fears that Rolex was taking steps to set up its own retail network. Rolex has bought Bucherer, which like Watches of Switzerland, sells Rolex products through its shops around the world. Rolex currently relies on partners for retail sales, and so the possibility of it shifting to a...
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A Swiss Army Knife without the knife: Victorinox to offer bladeless products
The maker of the Swiss Army Knife says it plans to begin offering pocket tools that don’t contain blades. Victorinox CEO Carl Elsener told the Swiss news outlet Blick last week that rising violence in certain parts of the world has prompted multiple governments to crack down on what types of blades people can brandish...
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Zurich shopping – Guide to stores, markets and more – Time Out
Whether you like a handsome department store that caters for your every retail whim, a hip backstreet boutique or a fusty vintage store with a line in forgotten fashions, Zurich shopping has it all. The main shopping area is around the Bahnhofstrasse, which runs from the main station, Hautbahnhof towards Lake Zurich. Fashion chains such...
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Cashierless 24-hour Spar store opens in Switzerland
Spar Switzerland and fuel retailer Avia recently opened the doors to the first 24-hour Spar Express forecourt store, located at Zurich’s Sihlqui bus terminal. Source: Spar Switzerland Within three weeks, the store at Ausstellungsstrasse 10 in Zurich was converted into the first Spar Express forecourt store operating without onsite personnel. The 50m2 store offers about...
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Well-known Swiss chocolate shop is opening at Square One in Mississauga | insauga
Preferred Region How does this work? Calling all chocolate lovers! A new chocolatier is opening soon inside Mississauga Square One, just in time for those summer taste buds. Läderach was founded in 1962 in Glarus, Switzerland, by Rudolf Läderach Jr., and quickly became known in the chocolate industry. A notable innovation came in 1970 when...
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Bulgari: Grand Reopening Of Bulgari’s Store In Zurich, Switzerland – Luxferity
Bulgari, the magnificent and contemporary Italian jeweler, master of colored gemstones, announced the grand reopening of the store in Zurich’s most exclusive street on Bahnhofstrasse. Naturally the historic façade has been preserved in keeping with the architecture of the magnificent Bahnhofstrasse, but the shop front design does feature elegant curved arch pelmets in sleek black...
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Swiss giant Nestle hit by slowing sales, unlike rivals Unilever and Danone
Nestle sales growth sputtered in the first quarter as the maker of Nespresso coffee was hit by cooler demand in North America and supply constraints at its vitamins unit. Sales rose 1.4% in the period on an organic basis, the Swiss company said Thursday, about half the estimate of analysts. Its real internal growth rate...
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Switzerland’s Valora separates foodservice leadership to grow B2C and B2B sales
The Caffè Spettacolo, BackWerk and Ditsch operator has promoted Sebastian Kayser to CEO of Food Service B2C with responsibility for its five food and beverage brands, while Sebastian Gooding will lead its wholesale business as CEO of Food Service B2B Valora’s food brands include pretzel chain Ditsch (pictured) and coffee shop Caffè Spettacolo | Photo credit: Valora Group ...