Watches of Switzerland has revealed strengthening sales amid a boost from strong demand for timepieces in the US. Shares in the London-listed firm climbed higher in early trading on Thursday as a result. The retail firm revealed that group revenues grew by 4% to £785 million over the 26 weeks to 27 October, driven by...
Tag: Watches of Switzerland
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Watches of Switzerland upgrades and expands Oxford Street store
Published November 6, 2024 As London’s Oxford Street continues its regeneration, the key retail destination has been given a further endorsement with Watches of Switzerland upgrading and expanding its store there. Part of the luxury watch retailer’s extensive expansion and enhancements programme, the showroom’s refurbishment brings “brand enhancements that all complement the existing Rolex area”....
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Watches of Switzerland upgrades and expands Oxford Street store
Published November 6, 2024 As London’s Oxford Street continues its regeneration, the key retail destination has been given a further endorsement with Watches of Switzerland upgrading and expanding its store there. Part of the luxury watch retailer’s extensive expansion and enhancements programme, the showroom’s refurbishment brings “brand enhancements that all complement the existing Rolex area”....
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Marco Bicego teams up with Watches of Switzerland Group to expand in UK
Translated by Nicola Mira Published October 29, 2024 Italian fine jewellery brand Marco Bicego is aiming to strengthen its market position in the UK through an alliance with Watches of Switzerland Group, the UK’s largest retailer of luxury and high-end watches. A Mappin & Webb store Marco Bicego will be available in 10 Mappin &...
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Watches of Switzerland buys luxe watch enthusiasts’ “gateway” Hodinkee
Published October 6, 2024 Watches of Switzerland Group (WoSG) has acquired Hodinkee, the New York-based global digital editorial content provider for luxury watch fans. Terms weren’t divulged. Describing the platform as “an influential editorial and e-commerce site for new and vintage wristwatches”, WoSG said the purchase was one of the group’s ‘Long Range Plan’ objectives...
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Watches of Switzerland dives deeper into indie brand offering
Published September 27, 2024 With Watches of Switzerland celebrating its 100th anniversary this year, the company is aiming to differentiate itself and is focusing more heavily on independent brands. It said this week that its Knightsbridge showroom will be the key location to find a selection of such labels. MB&F The company explained that there’s...
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Watches of Switzerland back on track, US strong, announces Yurman and Repossi UK deals
Watches of Switzerland Group’s half-year results aren’t due until December but on Tuesday the company delivered a trading update for the first 18 weeks of its financial year and seems to be getting back on a track after an earlier downturn for the once-seemingly-unstoppable retailer. David Yurman It said that trading has been in line...
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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...
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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...
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David Yurman in UK debut with Watches of Switzerland
US jeweller David Yurman has forged a partnership with Watches of Switzerland Group (WOSG) that will see the American brand’s products sold in the UK via WOSG’s Mappin & Webb Regent Street store and online. David Yurman It’s a key step in Yurman’s global expansion plan and starts in July when the Mappin & Webb...
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Watches of Switzerland Opens Latest Multibrand Showroom in Midtown Manhattan
Watches of Switzerland continues to expand its retail network in the U.S. with the opening of its latest multibrand showroom on the East Coast. The newly opened boutique is located at the base of One Vanderbilt, one of Midtown Manhattan’s tallest office towers, which stands 73 stories high at the corner of 42nd Street and...
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Watches of Switzerland says UK sales continue to be hit by tourist tax – TheIndustry.fashion
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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