Latest news from the watch industry
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Saturday 19 January 2019
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Signet Jewelers stock slides by 24% following disappointing holiday season sales
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.
IN DEPTH: Raising the standard for pre-owned watches
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.
Pre-owned watch market worth $17 billion according to respected luxury industry study
Bain & Company report says 80% of pre-owned luxury goods sold world-wide are watches and jewelry.
Chrono24 wants to close the digital divide between its online marketplace and its customers
Global pre-owned platform sees total transactions increase by 30% in 2018 according to its chief executive.
Richemont-owned Watchfinder provides transparency on demand-driven prices for pre-owned watches
Prices for watches from Richemont brands suffer in comparison to the hottest models on its own retail site.
Audemars Piguet to abandon multi-brand retailers within 3-5 years says CEO
Half of all AP watches are already sold by branded boutiques reveals Francois-Henry Bennahmias.
Retailers invited to Zurich for Swatch Group’s 2019 brand presentations
Swiss get together takes place in the same week as Baselworld.
Audemars Piguet lights up social media following controversial launch of Code 11.59
Mid-morning on day 1 and it was Audemars Piguet making the running as the brand with the greatest 'share of voice', most likely for the emotion stirred up by its Code 11.59 collection launch.
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