Watches of Switzerland says demand is outpacing supply

Jul 13, 2023 · Watches of Switzerland says demand for luxury timepieces is still outpacing supply as it enjoys bumper profits and sales amid higher prices. Watches of Switzerland sees sales …

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Demand Will Continue To Outrun Supply This Year Predicts Watches …

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Jul 7, 2022 · Watches of Switzerland Group has reiterated its confidence in the luxury watch sector, predicting growth in its current financial year will exceed 20%. The group’s FY23 term …

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Analysis: How Watches Of Switzerland Is Moving With The Times

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Watches of Switzerland posted soaring profits and sales during the six months to October 27 – its first half-year results since its IPO earlier this year. Adjusted profit before tax was up 112% to …

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Supply Will Not Keep Pace With Demand This Year Predicts Watches …

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Jul 7, 2022 · Watches of Switzerland Group has reiterated its confidence in the luxury watch sector, predicting growth in its current financial year will exceed 20%. The group’s FY23 term …

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Watches Of Switzerland Confident Of Sales Boost Amid Recovery In …

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Sep 3, 2024 · Watches of Switzerland confident of sales boost amid recovery in luxury market The retailer remains on track for sales to grow by up to 12% to around £1.73 billion over 2024-25, …

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Is luxury watch demand outpacing supply?

Brian Duffy, Watches of Switzerland’s chief executive, said: “Luxury watch demand remains strong and continues to outpace supply, with our client registration lists extending and average selling prices growing.” ...

What happened to watches of Switzerland's emand for luxury timepieces?

The retailer’s group revenues swelled by nearly a fifth to £1.5 billion in the year to the end of April. emand for luxury timepieces “continues to outpace supply”, retailer Watches of Switzerland said, as years-long waiting lists for its most in-demand timepieces got even longer, despite it raising prices. ...

How will watches of Switzerland's gloom affect sales?

Watches of Switzerland has defied the growing gloom around consumer spending, predicting that sales will rise by around a fifth this year as buoyant demand continues to meet a scarcity of supply. The group’s 171 stores in the UK and US sell brands such as Rolex, Patek Philippe and Breitling, with an average price of about £6,000. ...

Why did watches of Switzerland shares rise 10% on Thursday?

The London-listed luxury Rolex seller saw its shares rise over 10% on Thursday Watches of Switzerland shares rose sharply on Thursday as the luxury group unveiled 'record' annual sales and profits. ...

How did watches of switzerland's'record' sales & profits work?

Watches of Switzerland shares rose sharply on Thursday as the luxury group unveiled 'record' annual sales and profits. With shoppers snapping up timeless timepieces in their droves, sales rose by 19 per cent to £1.54billion, with the firm enjoying strong growth in the US and the benefit of higher average selling prices. ...

Is watches of Switzerland a good investment?

Danni Hewson, head of financial analysis at AJ Bell, said: 'Watches of Switzerland has reported the kind of revenue, profit and free cash flow growth that most companies can only dream of. 'The fact it has achieved stellar growth in a cost-of-living crisis shows that not everyone is short of money. ...