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.
-
Jun- 2020 -12 JuneCoronavirus
Watches of Switzerland preps for reopening
Watches of Switzerland has announced that it will reopen its stores across England on 15 June. All Watches of Switzerland, Mappin & Webb and Goldsmiths stores in the country will reopen, while its showrooms in Scotland, Wales, Northern Ireland and UK airports are expected to open at a later date.…
Read More » -
May- 2020 -14 MayRetailers
Watches of Switzerland reports 5.9% increase in revenues in Q1 results
Watches of Switzerland has reported a 5.9% increase in group revenues to £819.3m in the year to 26 April, ahead of recently revised guidance. In the 46 weeks to 15 March 2020, group revenue increased by 15.8% across both the UK, which was up by 9.4% and the US, which increased…
Read More » -
Jan- 2020 -8 JanuaryRetailers
The Watches of Switzerland appoints new senior members as COO leaves
The Watches of Switzerland Group has appointed Craig Bolton.as its new executive director. The news follows the groups COO, Tony Broderick, has decided to retire from the company after 40 years. Broderick joined the group’s UK retail brand Goldsmiths in 1979 as a Supervisor in the Warehouse. He first joined…
Read More » -
Dec- 2019 -10 DecemberRetailers
Watches of Switzerland reports 112% increase in profit before tax
Watches of Switzerland has reported a 112% increase in adjusted profit before tax since May 2019. The high-end retailer revealed that group revenues increased by 17.3% to £428.7m with a 10.3% increase in like for like sales growth driven by higher luxury watch sales. In the six months to 27…
Read More » -
Nov- 2019 -29 NovemberDesigners
Tudor boutique launches in London
The Watches of Switzerland has partnered with Tudor watches to launch a Tudor mono-brand boutique in London. It is the first mono-brand boutique to be launched outside of Asia and the Middle East, and will be sited in the Westfield Shopping centre in Shepherd’s Bush, London. The boutique will feature…
Read More » -
Aug- 2019 -28 AugustAppointments
Jonathan Payne Joins Hamilton & Inches as managing director
Edinburgh based jewellers and Royal Warrant holders Hamilton and Inches has announced Jonathan Payne as its new managing director to support Victoria Houghton, CEO, and the rest of the team. Payne will bring his luxury retail management expertise he gained from his previous roles to Hamilton and Inches as it…
Read More » -
14 AugustRetailers
Watches of Switzerland revenues jump 17.8% in Q1
Watches of Switzerland has reported a 17.6% increase in total revenue to £209.4m for the three months to 28 July 2019. The group also saw “strong” like-for-like growth of 10.8% during the period, with sales increasing by 11.5% and 8.7% in the UK and US respectively. During the last three…
Read More » -
Jul- 2019 -17 JulyRetailers
Watches of Switzerland sees profits surge 181% in FY results
Watches of Switzerland has reported a 181% rise in profits before tax to £20.1m, in its first set of results after the company was floated on the London Stock Exchange. For the year ending 28 April 2019, the group also revealed its revenues surged by 22.5% to £773.5m during the period, and…
Read More » -
10 JulyRetailers
Watches of Switzerland staff given £1,000 bonus following London IPO
Staff from the Watches of Switzerland Group at stores across the UK and US have been given a £1,000 bonus as a thank you following the company’s float on the London Stock Exchange. Around 2,500 employees from the group’s Mappin and Webb, Goldsmiths and its eponymous Watches of Switzerland stores…
Read More » -
May- 2019 -22 MayRetailers
Watches of Switzerland seeks £660m valuation in London IPO
Watches of Switzerland said it is seeking a market capitalisation of up to £660m in its upcoming London public listing. According to reports the retailer intends to sell shares in a range of 250-277p as it seeks to pay off some of its debts. The retailer is now focusing on…
Read More »
