Watches of Switzerland Group plc (WOSG.L)
- Yahoo Finance
Secondhand Rolex sales surge in 'underdeveloped' US market
Luxury watch prices are moderating on the secondary market, but retailers like Watches of Switzerland see demand continuing to outpace supply.
- PA Media: Money
Watches of Switzerland says UK sales continue to be hit by tourist tax
Revenue in the US grew 14%, the group said, but revenue in the UK and Europe fell 4% amid ‘challenging macroeconomic conditions’.
- Reuters
Watches of Switzerland shares tick higher on brighter outlook
(Reuters) -Watches of Switzerland forecast higher revenues in its new financial year, sending shares in the luxury retailer up as much as 19% on Thursday following a tough time for the industry. Luxury groups including Burberry, LVMH and Kering have reported difficult trading conditions amid sticky inflation and a weak Chinese market. "Following the more challenging trading conditions of FY24, we are cautiously optimistic about trading in FY25," Watches of Switzerland said in a statement.
