Luxury Timepieces

The decline of traditional watches and the explosion of smartwatches ignited a cause-effect narrative. Yet, the recovery of traditional watches, and the slowdown of wearable electronics, clearly indicates the two categories tap into different ...

The propensity to use electronic devices mean most consumers no longer use watches to tell the time. Moreover, smartwatches, which integrate with electronic devices, are garnering more attention than traditional timepieces, with the latter being ...

LVMH Moët Hennessy Louis Vuitton SA (LVMH) is the world’s largest luxury goods operator, with a broad portfolio of brands, including Moët & Chandon, Bulgari and, above all, Louis Vuitton. The last five years have thrown up some of the toughest global...

Sales of luxury timepieces continued to suffer a decline in 2017, as the uncertain economic outlook dampened consumer spending power, thus resulting in weak domestic and tourist demand. Consequently, unsold stock is now being moved and sold through ...

Luxury timepieces achieved solid growth in 2017, despite the growing interest in affordable luxury brands, with luxury watches being offered across an increasingly broad price spectrum. Affordable luxury has been an important factor in driving volume...

This report explores the changing luxury goods industry which is facing many new challenged today. Aside from the far-reaching geo-political changes taking place, we are also facing major shifts in consumer expectations with decision-making ...

Despite negative global tendencies, sales of luxury timepieces in Poland continued to experience significant growth rates in 2017. Distributors and retailers enhanced their assortment with newly launched brands and models onto the market. Wealthy ...

Brands of luxury timepieces tend to have a signature design or pattern that is easily recognisable. Demand in Thailand tends to be heavily concentrated on such models, as many consumers wear a luxury timepiece as a status symbol. The signature ...

Luxury timepieces experienced another year of declining sales in 2017, primarily due to soft local demand and lower spending by foreign tourists. Whilst foreign tourists are key consumers of watches and other types of luxury goods in the US, inbound ...

The unstable political climate in Turkey led to a falling inbound tourist rate, which resulted in sales of luxury timepieces being negatively affected, since foreign tourists visiting tourist resorts, particularly those coming from Russia and ...

The economic slowdown, accompanied by a volatile currency exchange rate, limited sales within luxury timepieces in Malaysia in 2017. Both men’s and women’s luxury timepieces experienced slower current value growth in 2017 than in 2016 due to falling ...

The increased retail spaces offered by numerous retailers in the country paved the way for greater opportunities for luxury brands to flourish. Although multi-brand stores continue to spark greater interest from consumers, stand-alone boutiques are ...

Whilst Apple remains the leader player of smartwatches, an increasing number of luxury timepiece makers have sought to enter smartwatches to offset any sales lost as a result of this emerging category. TAG Heuer ventured first when it partnered with ...

Luxury timepieces is likely to maintain steady constant value growth over the forecast period. Against the background of the favourable economic climate, which is supporting general consumption, increasing numbers of Italian consumers will likely ...

In 2017, luxury timepieces managed to recover to positive current value growth, due to the increase in arrivals from China. However, the positive growth was not strong enough to compensate for lost sales earlier in the review period, as Chinese ...

Although luxury accessories have always posted stronger revenue among women, timepieces is an exception. While women look at a number of different options when purchasing luxury products, including handbags, jewellery and eyewear, men generally look ...

In 2017, luxury timepieces in Japan recovered from the sharp decline seen in 2016 due to the drop in purchases by foreign travellers, especially from China. This was a result of the introduction of high customs duties for products purchased outside ...

Most households in Spain possess a smartphone, and many have tablets present. Therefore, most consumers have a portable device which displays the time, and thus they have little need for a watch to fulfil its traditional purpose. Players in luxury ...

Luxury timepieces posted robust current value growth in 2017, with demand being fuelled by the improving economy. The creation of a Cartier store at the end of 2016 highlighted the development of Indonesia’s luxury timepieces category. Furthermore, ...

Luxury timepieces are regarded as an indicator of social status and a safe investment in the United Arab Emirates. However, due to continuing economic recession and the depreciation of incomes, some consumers, mainly in the middle class, have limited...