Watches of Switzerland hails ‘strong’ first quarter since IPO

Watches of Switzerland

The luxury watch retailer, which also owns Goldsmiths, Mappin & Webb and Mayors in the US, registered a 17.8% jump to £209.4m in group revenue for the three months to July 28.

Group like for likes increased 10.8% up from a 7.3% increase for the same period the previous year.

The jewellery retailer’s like-for-like sales in the UK, excluding online, increased 11.5% during the period, up from a 6% increase during the first quarter of 2018.

 

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