Swatch Group Archive

Swiss Watch Slump Extends Beyond a Year as Hong Kong Demand Ebbs

ZURICH, Switzerland — Swiss watch exports declined for a 13th consecutive month in July as Hong Kong, traditionally the biggest market for luxury timepieces, slipped to second place for the first time in almost a decade. Shipments fell 14 percent to 1.6 billion francs ($1.7 billion), the Federation of the Swiss Watch Industry said in a statement Tuesday. Exports to Hong Kong fell 33 percent to 175 …

Luxury Watch Market Sobers Up

LONDON, United Kingdom — With the luxury watch market under pressure from a decline in sales to Russian, Middle Eastern and Chinese customers, who are suffering from the combined effects of low oil prices and an economic slowdown in some markets, luxury watch brands are championing steel models to appeal to more price-sensitive middle class consumers in both Western markets and Asia. But this shift to …