Watches of Switzerland
Watches of Switzerland is one of the UK’s leading luxury watch and jewellery retailers, with a strong presence through its eponymous stores and Goldsmiths brand. Its strategies in store expansion, brand partnerships, and customer experience set benchmarks for the wider trade and influence market dynamics across both luxury and mid-tier segments. Jewellery Focus provides detailed coverage of Watches of Switzerland’s business performance, leadership moves, product launches, and insights into how its operations shape opportunities and challenges for suppliers, competitors, and trade professionals in the UK jewellery industry.
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Mar- 2021 -11 MarchRetailers
Goldsmiths to launch revamped store concept
Goldsmiths has announced it plans to enhance its network of stores throughout the UK with a new luxury store concept which will be rolled out from Autumn 2021. The new stores, which have been conceived in partnership with UK-based design collective Quadrant Design, will combine a contemporary luxury design with…
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Feb- 2021 -4 FebruaryRetailers
‘Robust’ online sales offset store closures at Watches of Switzerland
Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group revenue up by 6.6% to £272.6m despite the ongoing pandemic. This was bolstered by a “robust” e-commerce performance in the UK, which offset continued store closures throughout the period. UK…
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Dec- 2020 -18 DecemberNews
Watches of Switzerland launches virtual boutique
Watches of Switzerland has announced that it will be using the Vee24 platform to create a ‘virtual boutique’ for customers seeking guidance and inspiration while shopping for luxury watch brands. The group said that following a surge in online sales since May 2020, it has “raised the bar” in how…
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17 DecemberRetailers
Watches of Switzerland profits soar in half-year results
Watches of Switzerland has reported an increase in its half-year profits, with profit rising to £36.2m in the 26 weeks ended 25 October, up from a £9m loss reported the prior year. Total sales fell 2.6% on a constant currency basis to £428.7m in light of forced lockdowns and other…
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8 DecemberRetailers
Watches of Switzerland opens Knightsbridge Showroom
Watches of Switzerland Group has announced the opening of its Knightsbridge flagship, which features a new 1,377 sq. ft Rolex showroom. The original flagship opened back in 2016 and was part of the brand’s ‘golden triangle’ retail offering, along with its Oxford Street and Regent Street showrooms. The new showroom…
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3 DecemberRetailers
Watches of Switzerland opens Liverpool Street showroom
Watches of Switzerland has opened a new showroom in London’s east end. The group has chosen 100 Liverpool Street, Broadgate to open the latest Watches of Switzerland showroom, near where the company first began trading on Ludgate Hill in 1924. The showroom opened it doors yesterday (2 December) and the…
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Nov- 2020 -11 NovemberDesigners
Watches of Switzerland partners with Breitling on timepiece
Breitling has launched an exclusive timepiece to celebrate its long-standing partnership with Watches of Switzerland. Limited to 150 pieces, the timepiece has been designed in collaboration and available exclusively at Goldsmiths, Mappin & Webb, Watches of Switzerland and Mayors (US). The new Premier B01 Chronograph 42, the Watches of Switzerland…
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Oct- 2020 -20 OctoberAppointments
Watches of Switzerland names Ian Carter as chair
Watches of Switzerland has appointed Ian Carter as non-executive chairman of its board, with effect from 1 November. Carter brings 30 years of international and retail experience to the group and, most recently, has been CEO of Hilton International since 2005. He has also served on a number of boards…
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6 OctoberRetailers
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at £202.7m, up 20.2% in constant currency and 18.3% in reported terms against the prior year. The group also reported sales to date of £145.1m, up by 12.6% against the prior…
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Sep- 2020 -22 SeptemberRetailers
Watches of Switzerland unveils Knightsbridge Rolex showroom
Watches of Switzerland has announced the opening of a new Rolex showroom located in Knightsbridge. The new 1,377 sq. ft showroom is situated within the existing Watches of Switzerland flagship showroom on the Brompton Road. It comes as the group has celebrated a “close relationship” with Rolex since becoming an…
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