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Interim results show that despite store closures and reduced tourism, the retail group has managed the volatility well and saw a notable increase in ecommerce sales.
Multibrand area reconfigured during the last lock down, with additional Jaeger-LeCoultre and Cartier shop-in-shops on the ground floor, and Breguet and Ulysse Nardin on the first floor.
Clienteling is a recognition that, at the top end of the watch and jewellery market, there are comparatively few customers whose repeat business is critical to commercial success.
Broadgate store, which opened this week, is home to an Omega store, Rolex area and multibrand space for Tudor, Audemars Piguet, IWC, Panerai, Hublot, Jaeger-LeCoultre, Breitling and Cartier.
Broadgate store is anchored by a Rolex showroom along with eight branded areas for Audemars Piguet, Tudor, Cartier, IWC, Jaeger-LeCoultre, Panerai, Hublot, Breitling and a neighbouring Omega monobrand.
There will be 50 available in the United States for Mayors and Watches of Switzerland stores with the remaining 100 allocated to UK retailers.
Those with showrooms in Northern Ireland, Scotland and other parts of the UK were keen to highlight how these stores would remain open while ensuring customers that England-based stores would reopen on December 2 if restrictions are lifted as planned..
In a 2020 GQ article detailing Yoch’s impact in the watch industry, she was deemed “the most important person in the watch world” and “the high priestess of horology."
After taking a coronavirus-induced hit in March when stock prices fell, the group has made a comprehensive recovery and isn’t far off trading at the 392-point mark it was at pre-COVID quarter.
Partners since 2018 in the United States, the billion dollar WoSG has gobbled up the American pre-owned and vintage watch specialist Analog Shift