Watches of Switzerland on observe to fulfill steering regardless of tariff woes
Watches of Switzerland (WOS) has revealed it’s on observe to ship a “good” H1 FY26 in keeping with its expectations regardless of the influence of Donald Trump’s tariffs.
The corporate said that it noticed constantly robust buying and selling all through the interval, significantly within the US regardless of the announcement of elevated tariffs on Swiss imports. It additionally said that the steadiness it noticed within the UK luxurious watch and jewelry markets throughout H2 FY25 has continued.
Moreover, the group’s licensed pre-owned enterprise grew effectively in each markets, and the corporate sees vital alternative for development on this dynamic class.
Alongside this, the corporate’s flagship Rolex Boutique on Outdated Bond Road, London, is exceeding its expectations, with a powerful response from purchasers and good site visitors ranges and conversion charges.
Its e-commerce gross sales have additionally proven good development, significantly within the US following the improve of its Watches of Switzerland e-commerce web site.
The corporate made continued progress with its showroom improvement programme, together with the refurbishment of Northern Goldsmiths, Newcastle, and opening of the Audemars Piguet AP Home, Manchester, working as a three way partnership.
The Mappin and Webb model additionally has geographical exclusivity for a number of luxurious jewelry manufacturers, together with its first De Beers mono-brand boutique.
As well as, WOS said that the Roberto Coin Inc model is performing strongly following its acquisition in Could 2024. The corporate plans to develop and develop the Roberto Coin model and has launched an promoting marketing campaign that includes Dakota Johnson as world model ambassador.
It has additionally signed leases for 3 mono-brand boutiques and the development of newly designed boutiques in Miami, New York and Las Vegas is underway; these boutiques will open in Q3 FY26.
