Watches of Switzerland has reported a 5.9 per cent increase in its annual sales to year ended April 26th. Total revenue reached £819.3 million with the UK accounting for £591.6 million and the US generating £227.7 million. Overall eCommerce sales increased by 45.8 per cent during the year.
“Prior to the Covid-19 pandemic, the group had been on track to deliver double-digit sales growth, reflecting our strong partnerships, favourable market conditions and accelerating momentum in the US, said CEO Brian Duffy, adding: “Despite the current challenges, demand for luxury watches has remained strong with online sales performance ahead of expectation.”
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