Tag: financial results
Hong Kong protests contribute to 2% drop in watch sales at...
Federation of the Swiss Watch Industry says exports to Hong Kong slumped by 28% in June, alone, making the United States the world's biggest market.
Swatch Group purge of grey marketeers welcomed by stakeholders
Despite a 3.7% dip in sales for the first half of the year, the group's share price rose by 5% on news of progress in grey market crackdown.
Richemont labels 2018 as a year of transition and consolidation as...
Stock buy-back is wound up as group reports "right-sizing of watch inventories at multi-brand retail partners, and the adjustment of supply to the true level of end-customer demand".
Swatch Group sales rise 5.7% to CHF 8.5 billion in 2018
Supply chain challenges in the second half of 2018 are easing, with delivery of Omega and Longines watches improving this year, the company says.
Swatch Group sales rise 6% but retail partners fearing competition from...
Swatch Group sales increased by 6.1% to CHF 8.5 billion in 2018 (+5.7% at constant rates). Net income increased by 14.8% to CHF 867 million...
BREAKING NEWS: Company accounts drill into details of Watches of Switzerland...
Other than for listed companies such as Signet Jewelers, Fossil Group and Movado Group, it is difficult to get a great deal of detail...
Richemont revenues rise by 24% in fourth quarter of 2018
Richemont's worldwide third quarter turnover, October to December 2018, rose by 24% at constant exchange rates, boosted by a full three months of sales...
The Watches of Switzerland Group reports 29% increase in global sales
The Watches of Switzerland Group has increased global revenue by 29% to £197 million (around $256m) in the second quarter of its 2019 financial...
Watchfinder and Yoox Net-A-Porter add over $1 billion in six months...
Global sales for Richemont rose by 21% to €6.8 billion for the six months ended September 30.
Yoox Net-A-Porter and Watchfinder, which have been included...
Fossil Group focus on connected timepieces gains momentum and improves financials
Fossil Group says that its focus on connected watches is having a positive effect on the overall business, despite another quarter of declining sales.
Global...
