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Q3 revenue surges at Watches of Switzerland Group

By BFN News | 08:20 AM | Thursday 27 February, 2020


Group revenue at Watches of Switzerland grew 12.8% to £257.9m in the 13 weeks to January 26, 2020. According to the group's Q3 trading update, like for like sales were up 6.8%, driven by strong luxury watch sales across the UK and US. Online sales in the UK were up 20.8%. During the quarter, the group refurbished three UK showrooms, including the expansion of the Rolex boutique on Regent Street and relocation of Omega boutique in Glasgow. It also opened a new Goldsmiths showroom in Edinburgh and opened a new jewellery Fope boutique on Old Bond Street. Year to date, group revenue reached £686.6m, a total year on year change of 15.6%. At 8:20am: (LON:WOSG) Watches Of Switzerland Group PLC share price was -2.2p at 346.8p Story provided by StockMarketWire.com

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