(Photo by Harold Cunningham/Getty Images) Getty Images Troubles in the luxury watch market continue, as evidenced by the latest report from the Federation of the Swiss Watch Industry. Swiss watch exports in August were 1.2 million units, 125,000 fewer than last year. Despite the decline in unit volumes, the total value of wristwatch exports increased...
Tag: luxury watch
Post
Post
Down 75%, is Watches of Switzerland one of the FTSE 250’s best value stocks?
One of the worst performers in the FTSE 250 recently has been Watches of Switzerland Group (LSE: WOSG). Currently, the stock’s down about 75% from its highs (set in early 2022). Is it one of the best value stocks in the index today after this enormous decline? Let’s discuss. The watch market is struggling I...
Post
Is time up for Watches of Switzerland shares?
Image source: Getty Images Many investors may say the clock may be ticking on Watches of Switzerland (LSE:WOSG) shares as an attractive investment. This luxury watch retailer has seen its share price plummet nearly 38% over the past year, significantly underperforming both its industry peers and the broader UK market. But does this present a...
Post
Watchmaker Omega confident in Hong Kong shoppers as it opens two glitzy shops
Swiss luxury watchmaker Omega is ramping up its presence in Hong Kong, opening two specialty shops in the city as it bets on long-term success despite slower than expected economic growth and a gloomy retail outlook. The brand, famously known for its Speedmaster and Seamaster watches as well as being the timepiece preferred by fictional...