Watches of Switzerland has reported a 10% increase in revenue for the first half of the year, based on constant currency calculations. The company attributed the growth to strong demand across its regions, including the UK and the US, where upscale watch sales remained robust.
The retailer’s financial update highlights resilience in the luxury watch market amid broader economic uncertainties. Despite challenges such as inflation and fluctuating consumer confidence, Watches of Switzerland continues to expand its sales figures, supported by a steady flow of high-end timepieces.
Management indicated that the positive momentum was driven by both new customer acquisitions and repeat business from existing clientele. The company also emphasized ongoing investments in its retail network and digital channels, aiming to enhance customer experience and capture further market share in the luxury watch segment.
Looking ahead, Watches of Switzerland expressed optimism about maintaining its growth trajectory, although it acknowledged potential macroeconomic headwinds that could influence future performance. The company’s interim results suggest a resilient position within the competitive luxury watch retail industry.