Watches of Switzerland’s US Sales Grow Despite Tariff Turmoil
A Watches of Switzerland store in New York.
Photographer: Michael Nagle/BloombergWatches of Switzerland Group Plc sales grew in the first half, with robust demand in the US even as President Donald Trump’s trade tariffs weighed on the industry.
First-half revenue grew 10% on a constant currency basis, the company said Thursday, driven by a 20% increase in the US. Performance was more muted in the UK and Europe, with revenue up 2%.