Despite all the smart devices, people are still wearing watches.
Here is an excerpt from https://www.hodinkee.com/articles/swatch-group-sales-2017:
Of course, we love watches and will continue to wear them. But it's nice to see that people in general continue to wear them. It's good news for the continued development and manufacture of watches by manufacturers and rep makers.
Here is an excerpt from https://www.hodinkee.com/articles/swatch-group-sales-2017:
The Swatch Group is the world’s largest watch company (measured by watch revenues), with 20 brands spanning the price spectrum from Swatch at the bottom to Breguet at the top. The group outperformed the wider Swiss watch industry last year; total Swiss watch exports jumped 2.7% in 2017.
The Swatch Group results are the best indicator yet that the Swiss watch industry has entered a recovery that started in the second half of 2017 and hit a crescendo during the holiday selling season. Swatch Group watch and jewelry sales grew 14.9% in the fourth quarter. December 2017 “recorded the second-best monthly sales in the history of the Swatch Group,” the company said.High-priced watches led the way. “The strongest increase [was] in the prestige and luxury segment,” the group said. That segment consists of seven brands: Breguet, Harry Winston, Blancpain, Glashütte Original, Jaquet Droz, Léon Hatot, and Omega. The group does not disclose sales by brand. However, it cited Harry Winston for an “extraordinary performance” for the year, and Omega for “a very strong acceleration in the second half of the year.”
Of course, we love watches and will continue to wear them. But it's nice to see that people in general continue to wear them. It's good news for the continued development and manufacture of watches by manufacturers and rep makers.