×
68 033
Fashion Jobs
NORDSTROM
General Manager- Cafe Bistro- Barton Creek Square
Permanent · Austin
NORDSTROM
Asset Protection - Agent - Fashion Mall at Keystone
Permanent · Indianapolis
NORDSTROM
Asset Protection - Security Ambassador - Palo Alto
Permanent · Palo Alto
NORDSTROM
Asset Protection - Agent - Fashion Outlets of Chicago Rack
Permanent · Rosemont
NORDSTROM
Asset Protection - Security Ambassador - Factoria Mall Rack
Permanent · Bellevue
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Berlin
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Indianapolis
KOHLS
Loss Prevention Associate
Permanent · Plainfield
KOHLS
Loss Prevention Assistant Supervisor
Permanent · Plainfield
OLD NAVY
Assistant Manager, Customer Operations - Central Plaza
Permanent · Ballwin
COTY
Account Executive, Retailer.Com
Permanent · New York
COTY
Account Executive, Retailer.Com
Permanent · New York
MACY'S
Manager, Omni Operations
Permanent · Savannah
MACY'S
Manager, Omni Operations
Permanent · Hoover
MACY'S
Manager, Merchandise Execution
Permanent · Niles
MACY'S
Manager, Omni Operations - Lakeline Mall
Permanent · Cedar Park
MACY'S
Asset Protection Security Guard, Dallas Galleria - Part Time
Permanent · Dallas
MACY'S
Manager, Merchandise Execution
Permanent · Merritt Island
OLD NAVY
Assistant General Manager - Sugarloaf Mills
Permanent · Lawrenceville
OLD NAVY
Assistant Manager, Customer Operations - Sugarloaf Mills
Permanent · Lawrenceville
OLD NAVY
Assistant General Manager, Customer Operations - Christiana Towne Ctr
Permanent · Christiana
OLD NAVY
Assistant Manager, Customer Operations - Summit Woods Cross
Permanent · Lee's Summit
By
AFP
Published
Jul 18, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Swatch makes up for lost time with record sales

By
AFP
Published
Jul 18, 2018

Swatch, the world's top watchmaker, on Wednesday announced an all-time record in half-year sales, saying it has millennials to thank for bringing wristwatches back.


Swatch announced all-time record sales on Wednesday - Instagram: @swatch - Swatch


Swatch is best known for its brightly coloured plastic-cased watches, but also owns several luxury brands including Breguet and Omega.

Long the world's biggest watchmaker, Swatch has for years seen sales tumble as consumers around the world embraced the smartphone and smartwatch revolutions.

But the tide seems to be turning, driven by strong demand in Asia and North America, the Swiss giant said.

"Consumer demand, particularly from millennials, for authentic innovative brand products is greatly increasing on a worldwide scale, regardless of region or price segment," Swatch said in a statement.

Group net sales increased by 14.7 percent at current exchange rates in the first half of 2018 to 4.27 billion Swiss francs ($4.26 billion, 3.7 billion euros).

Net profit rose by 66.5 percent to 468 million Swiss francs, with operating profit soaring 69.5 percent to 629 million Swiss francs, the statement said.

The group added that the group expects further growth in the second half of the year.

"Impressive acceleration in both sales and quantities sold was reported across the board by all brands and in all price segments, not only in the prestige and luxury segment, but also in the middle and basic price segment," Swatch said.

"All regions contributed to the best first semester sales in the history of the Group, led by Asia with very high growth rates," it added.

"In North America, a double-digit sales increase was also recorded."

Swatch had a bad year in 2016, when Swiss watchmakers saw sales drop by 10 percent after a more than 3 percent fall in 2015.

The company returned to growth in 2017, driven by online sales.

Copyright © 2022 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.