Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
watches
News & Analysis
Amid Troubling Conditions, What’s Next for Luxury Watches?
At the Baselworld fair this month, the Swiss watch industry will showcase how it plans to grapple with troubling global conditions for the timepiece market.
Amid Troubling Conditions, What’s Next for Luxury Watches?
At the Baselworld fair this month, the Swiss watch industry will showcase how it plans to grapple with troubling global conditions for the timepiece market.
Financial Markets
Swiss Watch Exports Decline as Slowing Economies Weigh on Demand
Swiss watch exports slid for the seventh consecutive month as plummeting stock markets and slowing economies damped demand for luxury timepieces.
Swiss Watch Exports Decline as Slowing Economies Weigh on Demand
Swiss watch exports slid for the seventh consecutive month as plummeting stock markets and slowing economies damped demand for luxury timepieces.
News & Analysis
Swatch to Add Sunglasses With Safilo as Swiss Watch Demand Ebbs
Swatch Group AG will introduce sunglasses under its namesake brand this year under a five-year alliance with Safilo Group SpA.
Swatch to Add Sunglasses With Safilo as Swiss Watch Demand Ebbs
Swatch Group AG will introduce sunglasses under its namesake brand this year under a five-year alliance with Safilo Group SpA.
News & Analysis
Tissot Smartwatch Joins Swatch Lineup in Battle Against Apple
Swatch Group AG plans to introduce three smartwatches this year, as the Swiss company jostles with Apple Inc. and TAG Heuer in the market for wearable devices that do more than tell time.
Tissot Smartwatch Joins Swatch Lineup in Battle Against Apple
Swatch Group AG plans to introduce three smartwatches this year, as the Swiss company jostles with Apple Inc. and TAG Heuer in the market for wearable devices that do more than tell time.
Financial Markets
Swatch Earnings Miss Estimates On Hong Kong, Strong Franc
Swatch Group AG reported 2015 earnings that missed analyst estimates as sales declined for the first time in six years, hurt by slumping demand in Hong Kong and the strength of the Swiss franc.
Swatch Earnings Miss Estimates On Hong Kong, Strong Franc
Swatch Group AG reported 2015 earnings that missed analyst estimates as sales declined for the first time in six years, hurt by slumping demand in Hong Kong and the strength of the Swiss franc.
Luxury
TAG Heuer to Undercut Rivals With Cheapest Swiss Tourbillon
TAG Heuer will undercut rivals with the least expensive Swiss-made chronograph featuring a tourbillon as the industry lowers prices to gain market share.
TAG Heuer to Undercut Rivals With Cheapest Swiss Tourbillon
TAG Heuer will undercut rivals with the least expensive Swiss-made chronograph featuring a tourbillon as the industry lowers prices to gain market share.
China
Swiss Watch Brands Mull Future of Hong Kong Show as Demand Wilts
The Swiss organizer of an annual Hong Kong watch fair and some of the exhibiting brands are considering holding the event every other year amid declining sales in the industry’s largest market.
Swiss Watch Brands Mull Future of Hong Kong Show as Demand Wilts
The Swiss organizer of an annual Hong Kong watch fair and some of the exhibiting brands are considering holding the event every other year amid declining sales in the industry’s largest market.
Technology
The Misfit Ray Is a Well-Designed Wearable and a New Step for Fossil
New management isn't changing the wearable maker's philosophy.
The Misfit Ray Is a Well-Designed Wearable and a New Step for Fossil
New management isn't changing the wearable maker's philosophy.
Global Markets
Swiss Watch Industry Calls Time on Booming Growth of Prior Years
As the Swiss watch industry prepares for fourth straight year of little to no growth, big producers such as Richemont are trimming back investment in production, while some smaller rivals look for a buyer or risk going under.
Swiss Watch Industry Calls Time on Booming Growth of Prior Years
As the Swiss watch industry prepares for fourth straight year of little to no growth, big producers such as Richemont are trimming back investment in production, while some smaller rivals look for a buyer or risk going under.
Technology
Swatch Is Secretly Stockpiling Patents
Swatch has filed 173 smartwatch-related patents in recent years, even though chief executive officer Nick Hayek has been dismissive of the devices.
Swatch Is Secretly Stockpiling Patents
Swatch has filed 173 smartwatch-related patents in recent years, even though chief executive officer Nick Hayek has been dismissive of the devices.
News & Analysis
Cartier's Watches Lose Their Sparkle in China
Cartier, in terms of combined sales, generates more than two thirds of profits for Swiss parent Richemont, but watch revenues have dwindled relentlessly while jewellery sales have boomed.
Cartier's Watches Lose Their Sparkle in China
Cartier, in terms of combined sales, generates more than two thirds of profits for Swiss parent Richemont, but watch revenues have dwindled relentlessly while jewellery sales have boomed.
News & Analysis
LVMH’s TAG Heuer to Step Up Smartwatch Production to Meet Demand
TAG Heuer will increase production of its smartwatch in coming months after receiving requests from retailers, agents and subsidiaries for some 100,000 timepieces.
LVMH’s TAG Heuer to Step Up Smartwatch Production to Meet Demand
TAG Heuer will increase production of its smartwatch in coming months after receiving requests from retailers, agents and subsidiaries for some 100,000 timepieces.
The News in Brief
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.