Free press releases distribution network?

More news: Jewelry/Watches
Agency / Source: The Jewel Hut

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



The Watch Hut - Swatch Watches Group Unveils Record Profits Comments The Jewel Hut / T H Baker & Co. - Swatch watches, the group behind luxury watch brands including Tissot and Omega watches have seen double digit sales growth in the past year suggesting that sluggish sales in some European nations and North America are not holding back growth for the comp
The Watch Hut - Swatch Watches Group Unveils Record Profits Comments The Jewel Hut / T H Baker & Co.

 

PRZOOM - /newswire/ - Brierley Hill, West Midlands, United Kingdom, 2011/08/03 - Swatch watches, the group behind luxury watch brands including Tissot and Omega watches have seen double digit sales growth in the past year suggesting that sluggish sales in some European nations and North America are not holding back growth for the comp.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Jewelry/Watches Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Profits at the company jumped 23% in the first half of the year to £565 million suggesting better cost managements. Sales were also up by 11.4% from last year’s record.

Much of the growth appears to be driven by wealthy Chinese consumers snapping up the high status brands in the group including Omega watches. However, according to reports in The Daily Telegraph, growth had been noted in all markets and at all price points from Swatch to Omega watches.

The only exception to the generally positive picture was in debt-ravaged Spain and Greece. Lacklustre sales were also noted in Japan which suffered more pressing problems following the earthquake and tsunami earlier in the year.

Sales at online retailers such as thewatchhut.co.uk were also up on previous years offering hope for Christmas trading.

Encouragingly for the company the Annual Wealth Report published by Merrill Lynch last month showed that the world's high-net worth individuals had recovered in number and wealth to pre-crisis levels, giving them the confidence to spend again, particularly on luxury items.

The group has also joined the debate on the continuing over valuation of the Swiss Franc suggesting that the surging value of that currency could cost it a large amount of sales by making its watches seem expensive.

According to the Wall Street Journal, the group saw 387 million Swiss Francs taken from its first half profits due to the impact of currency fluctuations.
The results are exceptionally encouraging for the watch manufacturer as the first half of the year is traditionally a quieter period for the jewellery industry before it gears up for the Christmas sales period.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Jewelry/Watches Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: The Jewel Hut

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Jewelry/Watches articles,
CATCH Visitors via Your Competitors Announcements!


The Watch Hut - Swatch Watches Group Unveils Record Profits Comments The Jewel Hut / T H Baker & Co.

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Rich Jarrott - TheWatchHut.co.uk 
+44 (0) 1384 78431 Richjarrott[.]thewatchhut.co.uk
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any The Jewel Hut securities in any jurisdiction including any other companies listed or named in this release.

Jewelry/Watches via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From The Jewel Hut / Company Profile


Read Jewelry/Watches Most Recent Related Press Releases:

Todd & Marlon Announces Collaboration with Dean Martin
Grown Diamonds Key to Unlocking Future for Diamond Industry Finds Frost & Sullivan
UAE Gems and Jewelry Market to Grow At Over 7% Till 2019 Says TechSci Research
DESiGNERiCA Introduces 3D Printed Earrings in 8 Different Colors
Grown Diamonds Contributing Steadily to the Gems & Jewellery Industry Finds Frost & Sullivan
Asia-Pacific Will Continue to Dominate Global Gems & Jewelry Market through 2019 Reports TechSci Research
Diamond Registry Now Serves China’s High-End Consumer
Malca-Amit Opens China's Largest Private Vault
Freida Rothman Jewelry Launches on Nordstrom.com
Navneet Gems & Minerals Opens A New Office in the UK

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today