×
146
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
By
Reuters
Published
Jun 29, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Swatch says demand for pricey watches dips

By
Reuters
Published
Jun 29, 2009

ZURICH, June 29 (Reuters) - Swatch Group (UHR.VX), the world's largest watchmaker, has seen demand for its pricier brands drop by around 10 percent so far this year, the group's chairman was quoted as saying on Monday 29 June.

Swatch Group
Omega, Seamaster model

"Some of our brands are doing better than last year, especially in the midrange. For the higher categories, the contraction is just above 10 percent," Nicolas Hayek told Swiss newspaper L'agefi.

Hayek said Swatch Group, best known for its colourful own-brand plastic watches, was likely to post results in 2009 in line with the previous year's, adding there were signs of a pick-up in several countries.

Hayek sees a recovery in the Swiss watch industry from mid-2010, but he cautioned that there will be a lot of damage until then and many brands will disappear.

Swatch Group also owns higher-end brands such as Breguet and Blancpain and Omega.

Last week, the head of Swatch Group's Tissot marque told Reuters he expected sales to rise between 5 and 10 percent in local currencies as the economic downturn prompts consumers to favour more affordable timepieces.

The Swiss watch industry is grappling with its most severe drop in demand in around two decades as consumers scale back on spending and retailers focus on getting rid of old stock before ordering new goods.

(Reporting by Silke Koltrowitz; editing by John Stonestreet)

© Thomson Reuters 2022 All rights reserved.