Watches of Switzerland Group issued a buying and selling replace Thursday (3 September) and struck an upbeat tone. Forward of its first-half FY27 replace that is due in November, it stated it’s seen “encouraging buying and selling momentum” persevering with and is sticking to its full-year steering.

The posh watches and jewelry retailer stated efficiency in the course of the 17 weeks to 30 August “remained in line with the constructive traits reported at our FY26 outcomes, leaving us properly positioned to ship on our FY27 steering”. 

Buying and selling within the US “remained sturdy” and the UK “continued to point out additional indicators of market enchancment”. 

Demand was broad-based throughout its key luxurious manufacturers, with its “strategic progress pillars” (luxurious jewelry, licensed pre-owned and e-commerce) contributing “good, diversified progress throughout the group”. 

The corporate has made a variety of acquisitions in latest intervals and stated the mixing of Deutsch & Deutsch is “progressing properly, with a constructive influence on efficiency”.

Its showroom improvement programme can be “advancing as deliberate”. Within the US, it opened a brand new Watches of Switzerland multi-brand showroom in Avalon, Georgia in July, and work is beneath solution to convert the prevailing Mayors Avalon showroom right into a devoted luxurious jewelry location. 

Within the UK, Goldsmiths Chelmsford and Goldsmiths Watford reopened following refurbishment and growth. It’s on monitor to ship the rest of its showroom pipeline as deliberate with Rolex Glasgow, Betteridge Greenwich (in Connecticut, not South London) and the brand new Watches of Switzerland and Mayors showrooms in Marlton New Jersey all anticipated to open earlier than Christmas.