Company
Watches of Switzerland Group PLC
LON:WOSG
Watches of Switzerland Group PLC operates as a retailer of Swiss watches in the United Kingdom and internationally. It involves in the sale and service of timepieces. The company is based in London, the United Kingdom with store locations in Manchester, Edinburgh, Glasgow, Birmingham, London, Cardiff, and Brighton, the United Kingdom.
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Watches of Switzerland raises full-year revenue guidance; reports slower sales growth in second quarter
The FTSE 250 watches and jewellery retailer invested in nine showrooms across the UK, US and Europe in the second quarter, including at the New Battersea Power Station in London
Rolex sales boom as flagship London store gets eightfold expansion
Watches of Switzerland's three-story relocation of Rolex Boutique comes amid buying frenzy for the luxury timepieces
Watches of Switzerland sales slow as UK growth dives
As a result, the group reiterated its previous full-year guidance of revenue
Watches of Switzerland will be looking to tick off more records
The jeweller has expressed confidence in the strength of the luxury end of the market
Watches of Switzerland raises full-year guidance amid strong demand for luxury watches and jewellery
The company's most expensive watch on its website is priced at £607,000. It is currently out of stock
Watches of Switzerland poaches chief financial officer from Rank
Bill Floydd is leaving the Grosvenor Casinos owner at the end of 2021, having joined in 2018
Watches of Switzerland posts bumper quarterly figures
Total revenue rocketed 102% with strong performance in both the US and UK
Watches of Switzerland eyes further expansion in EU, US as trading remains strong
Over the next five years, capital expenditure will be £300-340mln with potential acquisition spend in the US and EU of £150-200mln
Watches of Switzerland maintains guidance despite UK store closures
US stores and Swiss suppliers are not expected to experience disruption
Watches of Switzerland upgrades full-year guidance after swinging to interim profit
The luxury watches retailer now expects revenue to be £900-925mln, up from £880-910mln guided previously, with better margins
Watches of Switzerland raises full-year expectations after strong quarter
Revenue is now forecast to come in at £880mln-£910mln, up from £840mln-£860mln previously
Watches of Switzerland achieves year-on-year sales growth since post-lockdown reopening
The retailer expects a continued strong luxury watch market in the UK and US throughout the year
Watches of Switzerland expects prolonged downturn in airport traffic post-lockdown
The retailer said it has enough cash to sustain a prolonged period of dampened consumer sentiment
Watches of Switzerland takes revenue hit as stores to be closed for over a month
Revenue for the year to 26 April 2019 is estimated to come in at £809-812mln, up from last year’s £773mln