Luxury Goods
‘Robust’ online sales offset store closures at Watches of Switzerland
UK e-commerce sales soared by 121% against the prior year, offsetting the effect of ongoing store closures over the period
Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group revenue up by 6.6% to £272.6m despite the ongoing pandemic. This was bolstered by a “robust” e-commerce performance in the UK, which offset continued store closures throughout the period.
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