Skip to content

Daily News – August 20, 2009

August 20, 2009

Reuters and the Associated Press are reporting that the demand for Swiss watches has slipped over 26%.

Demand for Swiss watches slipped 26 percent, in July, in line with the average drop seen in the first six months of the year, but recovering slightly from the 32 percent fall in the previous month.

But there are signs that the decline in demand may be easing and last week Swatch Group (UHR.VX), the world’s largest watchmaker, sounded an optimistic note about the rest of 2009 as retailers had started to order watches again. [ID:nLD686782]

Kohl’s, a large mid-market retail chain, is scouting for Manhattan locations, according to this article in Reuters. The company feels that, as a result of real estate prices falling over 50% in certain parts of the city, the market is now open to them.




Comments are closed.

%d bloggers like this: