Swiss Watch Industry´s export value 1,6 billion francs in January

 

 

The Swiss Watch Industry showed increase in its export value in January compared to year ago figures. According to the Swiss Watch Industry  the monthly value stood at 1,6  billion francs, up with 12,6 %.  This increase was highlighted by some analysts saying that this means that the two year decline in this luxury & watch industry now is making turn into a positive trend.

The biggest export countries were HongKong, China, USA, UK, Japan and Germany, totalling 847 million francs and with 14,1 % increase. The three biggest countries were HongKong (242 million francs, + 21,3%), China (176 million francs, +44,3%) and USA (163,1, -1,9%).

In the Stock Exchanges, for example the S&P Global Luxury Index is showing + 35,78 % annual increase, while for example the LVMH (MC:FP) share price has increased over 32 % and Kering (KER:FP) over 74 % annually. The Swiss Watch Group Swatch (UHR:SW) has increased over 21 % during the year.

Business

Luxury goods sales increased after UK´ s Brexit

 

Luxury goods sales have showed positive trend after the UK´s Brexit. According to national statistic and Swiss Watch Industry the luxury watch export to the UK increased by over 13 % in July. The main reason has been the weak sterling. According to the industry leaders, Britain is now the fastest growing major market for Rolex watches.

Also the world largest luxury goods maker the French LVMH (MC:FP) Group showed sales above the analyst estimates during the summer. The stock price of this industry leader has increased by 9,4 % on year.

The US jewelry company Tiffany ( (TIF:US) reported second quarter profit above the market estimates. The Italian fashion company Prada (PRDSF:US)  announced increased investments in e-commerce for the year 2017, but the company also made statements that Prada will retrun to growth in sales and earnings next year.

The British SUV maker Aston Martin announced that it will be moving its business core also to consumer products like Hermes and trying to appeal also more female customers.

In general the Luxury goods and apparel industry will be moving more towards e-commerce globally and the consumers have also noticed the tax-free shopping centers in the global airports. The sales of luxury goods at the airports have also increased by nearly 30 %  according to Global Blue.

 

 

 

 

 

Business Lifestyle

Swatch and Visa to make contacless pay

Swatch SA and Visa have signed an agreement related to contacless payments. This new pay-by-the-wrist watch, Swatch Bellamy will be launched in early 2016.

According to the companies this service can be used globally where Visa payments are accepted.

– It‘s also true that “bel ami” means “good friend” in French, and the new BELLAMY watch will doubtless become a good friend to its wearer. Contactless NFC technology uses high-frequency radio waves to enable electronic devices to communicate over short distances, usually less than 10 cm.Pay-by-the-wrist transactions require absolutely no energy at all from the watch itself, meaning customers can expect the usual battery life of a Swatch, the company stated in the press release.

kuva (22) @ComteamPUB+

Finance Lifestyle Sports Tech

How about a smart watch?

 

If we are used to use smart phones, would it be easy to use smart watches? Not necessarily. Although it is nice to have some functions in your wrist all the time, I found that it is important to think first what do you really want from these gadgets. Do you want to see all the emails and social media happenings or is it purely for the design, clock and phone elements? The functionalities in these smart watches are really different. So, there is no one size fits for all. But there is one important thing to remember, these watches are working with your mobile phone.

Maybe it is nice to see all the alerts, the incoming calls and maybe take a picture? Soon we all wear smart devices: in our ears, in our eyes and in our wrists.  This is already now the situation if you think about Google glasses, smartphones and smart watches. According to Strategy Analytics last year 1, 9 million smart watches were sold and the major market dominant was Samsung, with 61 per cent market share.

What kind of design there would be if the real watch makers like Rolex, Longines, Patek Philippe or Swatch would join the high tech industry with these products? One thing is sure: the watch should be traditional one, I mean with the functionalities, but the design and mobile phone elements would be extra elements with new thinking.  Oh, there are so many opportunities and looking forward to see one!

Päivi Härkönen

 

Tech