Watch theft wave continues – with £1.5bn-worth lost or stolen in one year alone March 18, 2024 A sharp rise in theft has driven a more than threefold increase in the number of watches recorded as lost or stolen over the last 12 months, according to new data, as the value of missing timepieces hits £1.5bn.
Watches of Switzerland: Firm ‘encouraged’ by tourist tax review as UK market underperforms February 8, 2024 Luxury retailer Watches of Switzerland is continuing to feel the pinch from rich shoppers scaling back and the damage wrought by the so-called ‘tourist tax’. In an update this morning, the Rolex seller said group revenue declined by one per cent to £397m in the third quarter, and in the UK and Europe it fell [...]
Watches of Switzerland: Shares crater 30 per cent as demand for luxury flattens January 18, 2024 Shares in Watches of Switzerland have fallen by over 30 per cent after the luxury watch maker warned on its earnings for the year. . In an update, the Rolex seller said that it was bruised by “challenging macroeconomic conditions” over Christmas which impacted consumer spending in luxury retail. It now expects revenue for the [...]
Watches of Switzerland reports revenue growth as US customers keep spending December 7, 2023 Watches of Switzerland, the UK's largest luxury watch retailer, today reported revenue growth of two per cent in constant currency for the first half of its financial year.
Hey fellas, hands off my Tag! Why men are wearing women’s watches November 29, 2023 Once women raided their partner's watch box to add chunky gravitas to an outfit – now men are doing the same
Best watch to buy for Christmas 2023, from Christopher Ward to Girard-Perregaux November 29, 2023 We bring you all the latest goings on in the world of watch news, from new store openings to the latest motoring collaboration.
Edge of the dial stuff: How Patek Philippe, Audemars et al are making the impossible possible November 28, 2023 The Swiss pioneers from Patek Philippe, Audermars et al who are changing the face of a mechanical timepiece’s inner anatomy
Luxury shoppers switch to second hand Rolexes because wait time is too long November 7, 2023 Impatient luxury shoppers are opting to buy refurbished Rolexes because the wait list for a brand new five-figure watch is too long, the chief executive of Watches of Switzerland has said. Brain Duffy, who heads up the designer store, said the growing trend amongst consumers to purchase a refurbished model of the pricey status symbol [...]
Watches of Switzerland share price plummets 27 per cent after Rolex deal for Bucherer August 25, 2023 Shares in Watches of Switzerland fell over 27 per cent this morning following news that Rolex had bought fine jeweller Bucherer AG. This morning the luxury watch seller, which deals Rolex timepieces, tried to stave off investor concerns that the acquisition would hinder sales at the company. “There will be no change in the Rolex [...]
Inflation? Have a Rolex instead. Watches of Switzerland revenue up a quarter as mega-rich keep spending July 13, 2023 Watches of Switzerland reported a 25 per cent hike in revenues for the year, as the demand from the mega rich for luxury goods shows no signs of stalling despite the cost of living crisis. The luxury watch seller reached revenues of £1.54bn up from £1.23bn compared to the same period last year, as it [...]