Watches of Switzerland: A Rollercoaster of Numbers and a Dash of HR‑Kindness
UK Sales Are Feeling the Pinch
Without the sweet allure of VAT‑free shopping, our friends at Watches of Switzerland are watching the Sales numbers take a little dive. While the city streets remain bustling, the tourist dollars are a bit sicker now.
Quarterly Highlights (Hope You’re Ready for the Numbers)
- 13‑Week Snapshot (End of April) – Group revenue hit the £380 million mark, showing a 4 % growth over the previous period. Not bad, folks!
- U.S. Market – The U.S. side boomed with a 14 % jump in revenue. One might say America’s sweet spot for luxury watches is still smashing the sales charts.
- Europe & UK – Sales dipped by 4 % across these territories, with European markets feeling the cold bite of tough macro‑economic winds. The UK, in particular, is mostly fueled by local shoppers, as overseas tourist money is falling through the cracks.
CEO Brian Duffy’s Takeoff
Despite the dip, the big boss isn’t throwing a tantrum. He described the year as a “strong finish” and says the team is ‘confident in strategy, stellar client service, and solid brand ties’. “We’re still poised to grow and snatch market share,” Duffy mused with a grin.
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