×
20 190
Fashion Jobs
NIKE
Operations Manager-Digital Fulfillment
Permanent · Memphis
NIKE
Lead Product Manager
Permanent · Beaverton
BOBBI BROWN
Director, Digital Consumer Experience & Education
Permanent · New York
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetic Company Store - 10 Hrs - Tampa Premium Outlets - Lutz, fl
Permanent · Lutz
CONVERSE
Technical Product Manager, Supply Chain Delivery
Permanent · Boston
NIKE
Loss Prevention Manager Incidents & Safety
Permanent · Beaverton
NIKE
Lead Product Manager, Advanced Analytics & Machine Learning
Permanent · Beaverton
NIKE
Distribution Center Area Manager
Permanent · Memphis
BATH & BODY WORKS
Regional Asset Protection Manager - Bath & Body Works - Dallas
Permanent · Dallas
VICTORIA'S SECRET
Brand Operations Manager-Foothills Fashion
Permanent · Fort Collins
BATH & BODY WORKS
Manager, Public Relations
Permanent · Reynoldsburg
ESTÉE LAUDER
Beauty Sales Manager - Estee Lauder - 35Hrs - Del Monte - Monterey,ca
Permanent · Monterey
ULTA BEAUTY, INC.
IT Operations Specialist
Permanent · Bolingbrook
ULTA BEAUTY, INC.
Manager Corporate Strategy
Permanent · Bolingbrook
NIKE
Technical Product Manager
Permanent · Beaverton
NIKE
Operations Manager, Whq/na Accounts Payable
Permanent · Beaverton
NIKE
Marketplace Operations Manager
Permanent · Beaverton
NIKE
Learning Manager, Digital & Multimedia Development
Permanent · Memphis
NIKE
Distribution Center Area Manager
Permanent · Lake Forest
BATH & BODY WORKS
Manager, Email Marketing
Permanent · Reynoldsburg
BATH & BODY WORKS
Recruiting Senior Manager
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Oaks
Permanent · Springfield

Swiss watch exports off by 35.1% in June: federation

By
AFP
Published
Jul 21, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Swiss watch exports plunged again in June, an industry body said on Tuesday, though there were early signs of a potential uptick thanks to renewed demand from China.


Jaeger-LeCoultre



In April, exports plummeted by an annualised 81.3 percent, and were followed in May by an impressive decline of 67.9 percent as global sales took a time out amid the coronavirus pandemic.

In June, exports were still off by 35.1 percent compared with June 2019, the Federation of the Swiss Watch Industry said in a statement, at 1.1 billion Swiss francs (1.0 billion euros, $1.14 billion).

But, "as the first country to fall victim to the pandemic and therefore the first to recover, China saw a very sharp increase in demand for Swiss watches," the statement noted.

In June, exports of Swiss watches to China were in fact 47.7 percent higher than during the same month a year earlier.

The federation thus underscored "possible hints of the start of the expected recovery."

Meanwhile, exports to Hong Kong, considered a gateway to Asian markets, fell by 54.6 percent in June, and were 57 percent lower to the United States.

The sector has been knocked for a loss not only because stores closed during virus-triggered lockdowns in many countries, but also owing to a drop in visits to major European capitals by high-spending Asian tourists.

 

Copyright © 2020 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.