Watches of Switzerland
This coverage examines Watches of Switzerland’s operations and performance within the UK luxury watch retail market. Reporting includes store openings and closures, exclusive product launches, brand partnerships, marketing campaigns, omni-channel strategy, and leadership changes — all analysed for their impact on sales, brand prestige, and customer experience. The content is tailored for retail managers, senior buyers, and executives in luxury timepiece retail.
-
Feb- 2024 -8 FebruaryLuxury Goods
Watches of Switzerland sees Q3 revenues drop 1%
Watches of Switzerland has announced that its revenues fell 1% on a constant currency basis £397m, down from £407m, for the 13 weeks ended 28 January 2024. The company stated that trading in the run-up to and beyond Christmas was tougher than originally expected, particularly in the UK amidst slower…
Read More » -
Dec- 2023 -7 DecemberNews
Today’s news in brief-7/12/23
Kelso, an activist shareholder in THG, has intensified its campaign for THG to clarify its plans to separate its three business divisions. Kelso believes that splitting the divisions (beauty, nutrition, and ecommerce services) would bridge the gap between THG’s share price and its true value. The shareholder has written to…
Read More » -
7 DecemberLuxury Goods
Watches of Switzerland posts flat H1 sales
The Watches of Switzerland Group has reported H1 revenues were relatively flat at £761m as it faced a “reduction in the broader jewellery market reflecting temporary softer consumer sentiment and a repositioning to full price sales in the US”. The performance comes despite “continued strong momentum in the US” with…
Read More » -
Nov- 2023 -16 NovemberClothing & Shoes
JD upsizes store at Bullring & Grand Central
Hammerson has announced that JD has more than doubled its footprint at Bullring and Grand Central, after officially opening an upsized store at the destination. The new 27,500 sq ft store demonstrates the appeal of Bullring and is reflective of Hammerson’s wider strategy to enliven its assets with high profile…
Read More » -
7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
Read More » -
7 NovemberNews
Watches of Switzerland Q2 revenues rise to £379m
Watches of Switzerland has reported that revenues increased to £379m in Q2 2023, up from £374m for the same period last year, due to robust demand for luxury watches. US revenue reached £165m, up 11% at constant currency. The group reported strong sales due to the opening of new mono-brand…
Read More » -
Oct- 2023 -17 OctoberNews
Arne opens pop-up shop at Liverpool One
Arne, the popular online men’s and women’s contemporary clothing and footwear brand, has officially welcomed customers to its second bricks-and-mortar activation at Liverpool One. Bringing its lucrative online brand to a physical format for the second time, Arne occupied a 3,500 sq ft unit in Liverpool One, from 14 to…
Read More » -
Sep- 2023 -14 SeptemberNews
Nike Rise to open concept store in Birmingham
Nike will open its first ever Nike Rise concept store in Birmingham at Bullring and Grand Central, reflecting the strategy to reinvigorate the asset with new brands, concepts and market firsts. Located at the gateway to Bullring and just metres from the iconic steel Bull, Nike Birmingham will follow the…
Read More » -
Aug- 2023 -10 AugustLuxury Goods
Watches of Switzerland sees revenues drop to £382m
Watches of Switzerland has announced that its revenues dropped 1% to £382m, down from £391m in Q1 2023, for the 13 weeks ended 30 July 2023. The company stated that its revenue was in line with guidance, with its Q1 revenue primarily reflecting unwinding of the benefit of product intake…
Read More » -
Jul- 2023 -13 JulyLuxury Goods
Watches of Switzerland profits jump 23% to £155m
Watches of Switzerland has posted a 23% increase in profits to £126m, up to £155m, for the year ended 30 April 2023. The increase comes amid a 25% increase in revenues to £1.5bn compared with £1.2bn in 2022. For the UK and Europe specifically the retailer posted revenues of £890m…
Read More »
