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watch sales drop

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Apple Takes a Bite Out of the Swiss Watch Industry

Apple Takes a Bite Out of the Swiss Watch Industry While not all of the blame for the gloomy decline in Swiss watch exports can be pinned on the Apple Watch, the presence of the pricey wearable device certainly hasn’t helped. After perusing the figures for Q3 from the Federation of the Swiss Watch Industry, analysts are scrambling to explain the ominous drop in sales. Watches in the low to ...

Watch Sales Plunge in June

Watch Sales Plunge in June June is a great month for graduations, weddings and summer vacations but not such a good time for watch sales. In June of 2015, sales of watches took their biggest drop in seven years—11 percent by value and 14 percent by units. So what happened? Fred Levin, an analyst for the market research firm NPD Group, cited several reasons for the plunge in sales. One major...

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