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.
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May- 2023 -17 MayLuxury Goods
Watches of Switzerland revenues hit £1.5bn in FY23
Watches of Switzerland has revealed that the group’s revenues reached £1.5bn for the year ending 30 April, as its UK and Europe revenue increased by 10% to £890m. This comes as its luxury watch revenue rose 28%, driven by increases in average selling price and volume, while luxury jewellery and…
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3 MayNews
Watches of Switzerland CFO steps down
Watches of Switzerland, one of the UK’s largest luxury watch retailers, has recently announced that Bill Floydd will step down as chief financial officer from 12 May 2023. He will be succeeded by Anders Romberg, who previously served as the group’s CFO for seven years from 2014 to 2021. Floydd…
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Feb- 2023 -10 FebruaryHigh Street
Watches of Switzerland falls short of expectations amid Christmas strikes
Watches of Switzerland has reported that its revenues increased 17% to £407m in the 13 weeks to January 29 this year, narrowly falling short of analysts’ consensus expectations of £425m. The company said its lower than expected sales growth was because of rail and postal strikes over Christmas and general…
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Dec- 2022 -14 DecemberLuxury Goods
Watches of Switzerland sees H1 results surge 31% to £765m
Watches of Switzerland has revealed its revenues increased 31% to £765m during the first half of the year ended 30 October 2022. The company has seen a “continued strong demand” for luxury watches and jewellery and has attributed revenue growth to increased prices. UK revenues increased 8% to £454m, which…
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Nov- 2022 -22 NovemberLuxury Goods
Watches of Switzerland expands Canary Wharf showroom
Watches of Switzerland has unveiled its newly refurbished Canary Wharf showroom, having added the unit next door, more than doubling its size. The new showroom adds to the group’s portfolio within the shopping centre after the recent openings of both Omega and Breitling mono-brand boutiques. The refurbished showroom has a…
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Aug- 2022 -16 AugustNews
Watches of Switzerland Q1 revenues hit £391m
The Watches of Switzerland Group PLC has reported a 31% rise in group revenues year-on-year from £297m to £391m for the 13 weeks to 31 July 2022 (Q1 FY23), benefiting from de-stocking and pent up demand as showrooms reopened following Covid-19 lockdowns. Luxury watches sales grew 32% to £342m, representing…
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Jul- 2022 -7 JulyLuxury Goods
Watches of Switzerland hits ‘record’ sales of £1.24bn
Watches of Switzerland has delivered “record” sales in FY22, with revenues up 40% to £1.24bn in the year ending 1 May 2022, with UK revenue up by 36% to £810m. Adjusted EBITDA also jumped 54% to £162m as the group saw continued strong demand for luxury watches and luxury jewellery.…
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May- 2022 -18 MayLuxury Goods
Watches of Switzerland hails record revenues of £1.23bn
The Watches of Switzerland Group has reported its group revenues surged 40% year-on-year from £905m to £1.23bn in the 53 weeks ending 1 May 2022 (FY22), marking a “record” year of revenue and profitability. All in all, UK revenues were up 36% to £810m and US revenues were up 48%…
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Apr- 2022 -12 AprilLuxury Goods
Watches of Switzerland unveils leadership shakeup
The Watches of Switzerland Group PLC has announced the appointment of Chabi Nouri to the board as an independent non-executive director and a member of the company’s ESG Committee, effective from 1 May 2022. Prior to her new role, Nouri was president and chief executive officer (CEO) of Piaget, with…
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Feb- 2022 -10 FebruaryLuxury Goods
Watches of Switzerland sales soar amid ‘thriving’ market demand
The Watches of Switzerland Group PLC has reported its revenues surged 27.9% year-on-year to £348.1m in the 13 weeks to 30 January 2022 (Q3 FY22), and 36.5% from pre-Covid levels. The group’s year-to-date revenues for the 39 weeks to 30 January 2022 (9M FY22) also rose by 38% year-on-year from…
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