Signet’s North American retail outlets saw same store sales fall by 0.7% the nine weeks ending January 5, 2019 and reported sales drop by 2.1% to $1.67 billion.
Watchbox is investing $30 million in buying Rolex watches that can be restored to mint condition and will set an industry standard of quality for pre-owned pieces from the brand.
America is still an under-developed market where WoS thinks his formula of large, luxurious destination stores underpinned with kingmaker brands like Rolex and Patek Philippe will grab a large slice of a growing pie.
Sterling Jewelers Inc, the division of Signet Jewelers that houses Kay Jewelers and Jared the Galleria of Jewelry, has agreed to pay $10 million to the U.S. Consumer Financial Protection Bureau and an additional $1 million to the New York Attorney General's Office to settle legal action over alleged miss-selling of branded credit cards to customers.
Rolex has now been involved in the game for more than 40 years, and this year sees its long-standing partnership cover all the major tournaments across three continents, including the US.
Flaunting the watches on Instagram, the unbeaten former world boxing champion said he takes a watch for every day of the week when on holiday, including his $18m Jacob & Co 'Billionaire' piece.
The event was only launched last year by Fondation Haute Horlogerie (FHH), the organization behind SIHH in Geneva, in conjunction with the Miami Design District Associates (MDDA).
50th anniversary of the first man on the moon, a 5-year warranty on all watches and the re-launch of the Calibre 321 give Omega retailers plenty to shout about in 2019.
CEO Raynald Aeschlimann wants to promote the history of Omega timepieces at an extended museum in Switzerland.