87 176
Fashion Jobs
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · CLERMONT
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · DACULA
KOHLS
Technical Project Manager, Remote
Permanent · MENOMONEE FALLS
NAVY EXCHANGE
Vending Operations Clerk PT
Permanent · FALLON
NAVY EXCHANGE
Director, Facility Design %26 Construction
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i And Level II) - Various Categories
Permanent · VIRGINIA BEACH
SPECIALIZED
Brand Development Manager - Michigan
Permanent · LANSING
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
By
Reuters
Published
Jan 29, 2009
Download
Download the article
Print
Text size

Swatch FY sales miss f'casts, sees H2 rebound

By
Reuters
Published
Jan 29, 2009

* 2008 gross sales rise 4.3 percent in local currencies

* Gross sales 6.0 bln Sfr vs Reuters poll of 6.1 bln

* Says sales likely to recover in second half of 2009

(Adds details)

ZURICH, Jan 29 (Reuters) - Swatch Group (UHR.VX), the world's largest watchmaker, expects 2009 sales to rise modestly as it anticipates a pick up in consumer spending in the second half of the year after a challenging first half.


"Tradition" of Breguet - Swatch Group

Gross sales rose 4.3 percent to 6.0 billion Swiss francs ($5.2 billion), below the average estimate of 6.1 billion francs in a Reuters poll of 11 analysts.

"A decrease in the first three to four months compared to the very high previous year figures indicates a rather manageable recession," the group said in a statement on Thursday.

"A mild increase in consumption and sales for 2009 is expected, because of an anticipated rebound in the second half of 2009," Swatch Group said.

The group, which is best known for its colourful plastic Swatch watches, also owns higher-end brands such as Breguet and Blancpain and Omega, said gross sales rose 0.4 percent in Swiss francs.

Net sales edged up 0.5 percent in Swiss francs to 5.7 billion francs, Swatch said.

Demand for watches slumped over the past couple of months as consumers kept purse strings tight on concerns about job security and the global economy.

Earlier this month, Richemont said it saw no signs of a recovery after third-quarter sales missed forecasts, while Tiffany & Co cut its profit forecast. (Reporting by Katie Reid)

© Thomson Reuters 2024 All rights reserved.