
Swatch Group, the world's largest watchmaker, expects stronger demand for its timepieces to boost profitability this year, giving the latest sign the watch industry is recovering from a deep slump.
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Swatch Group, the world's largest watchmaker, expects stronger demand for its timepieces to boost profitability this year, giving the latest sign the watch industry is recovering from a deep slump.
A return to lavish bonuses for Wall Street's top earners could be just the tonic that the Swiss watch industry needs this Christmas after months of austerity depressed sales.
Swiss September retail sales fell 1.6 percent compared to a year earlier when adjusted for inflation and shopping days, potentially heralding a long-anticipated weakening in Swiss consumption.
Swatch Group, the world's largest watchmaker, sees a promising end to the year as markets are starting to improve, Chairman Nicolas Hayek said.
Swiss watchmakers are preparing for the crucial pre-Christmas period with cautious optimism, viewing an uptick in demand as a sign that the crisis may finally be over.
Swatch Group, the world's largest watchmaker, expects demand for its timepieces to pick up in the second half of the year after first-half net profit dropped by less than expected.
Swatch Group, the world's largest watchmaker, has seen sales fall 10-20 percent for luxury brands like Breguet and Blancpain, Chief Executive Nick Hayek was quoted as saying.
The world's biggest watchmaker Swatch Group is expecting sales to improve in the second half of this year after a difficult start to the year, group's CEO Nick Hayek said in remarks published Sunday 12 July.
Swatch Group, the world's largest watchmaker, has seen demand for its pricier brands drop by around 10 percent so far this year.
The wealthy are crimping their spending on high-end watches, but Swatch Group is confident its 2009 sales will be flat as demand for its less expensive brands holds up.