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Results for Watches and Wonders 2026

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Business News: Richemont and Swatch Results; Massive Inventories at Swatch SJX Watches
Vacheron Constantin saw overall sales dip Jul 18, 2019

Business News: Richemont and Swatch Results; Massive Inventories at Swatch

Swiss watchmaking groups Richemont and Swatch Group just announced their first quarter and six-month results for 2019 respectively, with each going in opposite directions. Owner of brands like Cartier, IWC and Panerai, Richemont saw growth across most segments and regions. Overall sales were up 12% at constant exchange rates, with every region growing in the low teens save for the Middle East and Africa. Sales in Asia grew 10%, led by China, where demand is up due to lower taxes locally on luxury goods and more stringent checks on travellers importing items bought overseas. Most notable was the performance of its online channels, namely luxury fashion mall Yoox Net-a-Porter (YNAP), pre-owned watch merchant Watchfinder, and to a lesser extent. That growth is from a low base of comparison: last year’s first quarter for each platform was only two and one month respectively. That being said, online sales are still substantial, rising to 50% to €648m, almost equal to the €698m of sales in the Americas as a whole. The group’s watchmaking brands, which include A. Lange & Söhne and Vacheron Constantin, saw overall sales dip 2%. This was attributed to a reduction in the number of sales channels as well as reduced orders of new product by retailers. Up in Biel, where the Swatch Group has its headquarters, half-year sales were down 3.7% at constant exchange rates, to 4.07 billion Swiss francs. Net profit followed suit, shrinking 11.3% to 415m francs. For the full year, howe...

Dane modded his ochs und junior for his wedding, and it’s pure inspiration to buy a watch from an indie Time+Tide
Jul 9, 2019

Dane modded his ochs und junior for his wedding, and it’s pure inspiration to buy a watch from an indie

“We were initially thinking about buying a watch for me for a wedding piece, but the thing about buying for a watch collector is that it’s hard to buy something they don’t already have.” ‘Every Watch Tells A Story’ is a new series we’ve filmed, encouraging people to come in to our HQ, live how … ContinuedThe post Dane modded his ochs und junior for his wedding, and it’s pure inspiration to buy a watch from an indie appeared first on Time+Tide Watches.

Old is the new black, 8 of the best heritage watches of 2018 Time+Tide
Jul 2, 2019

Old is the new black, 8 of the best heritage watches of 2018

While orange might be the new black, another obvious trend in the contemporary watch market is the lean towards heritage styling. This has been a consistent motif across the industry for a number of years now, but 2018 was a year when the number of heritage watches almost eclipsed those with more contemporary design. In … ContinuedThe post Old is the new black, 8 of the best heritage watches of 2018 appeared first on Time+Tide Watches.

That time Adam Craniotes told us about his JLC, and the lies he told to get it Time+Tide
JLC Jul 1, 2019

That time Adam Craniotes told us about his JLC, and the lies he told to get it

Editor’s note: If you spend more than a few minutes in that wonderful (and terrifying) thing that is the watch community, you’ll quickly become familiar with the larger-than-life figure that is Adam Craniotes. Today we found out that Adam has just become the Editor-in-Chief of Revolution USA, for which he has our heartfelt congratulations. So, … ContinuedThe post That time Adam Craniotes told us about his JLC, and the lies he told to get it appeared first on Time+Tide Watches.

LIST: Our favourite watches of Only Watch 2019 Time+Tide
Jul 1, 2019

LIST: Our favourite watches of Only Watch 2019

The eighth edition of Only Watch is underway, with the release of the unique pieces offered by the 50 brand partners. After raising 40 million Swiss francs in the last seven editions, Only Watch is one of the most important charity auctions on the calendar, with Only Watch raising money for research into muscular dystrophy. … ContinuedThe post LIST: Our favourite watches of Only Watch 2019 appeared first on Time+Tide Watches.