Watches of Switzerland eyes new store openings after ‘strong finish’ to year

Watches of Switzerland Knightsbridge

Revenues rose 13.3% in constant currency to £905.1m in the 53 weeks to May 2, 2021, in line with guidance despite the extended UK lockdown.

Watches of Switzerland reported that UK sales were up 3.6% for the year, despite enforced store closures for 26 weeks of the year and “significantly reduced tourism and airport business”.

The retailer also said that it achieved a “significant step-up” in ecommerce sales, up 120.5% year on year.

 

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