Overall Recovery Of Main Market Of Rui Watch Industry In August

Buy and buy! Rui watch industry announced its stabilization in July, mainly in August.

Full recovery.

According to the world clothing and shoe net, the export of Rui watches increased by 4.2% to 1 billion 416 million 200 thousand Swiss francs in August, of which the export of watches and watches increased by 3.8% to 1 billion 336 million 300 thousand Swiss francs.

After 5-7 consecutive months of growth, at the end of July, the Swiss Watch Industry Federation officially announced that the industry was "on the whole stable trend, indicating that the downtrend has stopped." at the end of last month, the group pointed out that the Swiss watch industry is steadily moving towards the expected stable recovery.

The performance in August undoubtedly confirms the prediction of the Swiss Watch Industry Federation.

According to the market, Hongkong, mainland China, Japan and other major markets continued to rise, of which Hongkong's market grew by 2.7%, while the growth rate of the mainland market narrowed sharply, but it also increased by 3.3%, a decrease of 4.9% from the US market.

The Swiss watch industry federation said that the main market in the US market still had no clear signs of recovery, and it declined again in the first 3 months after its stabilization.

Due to the poor base effect, the growth rate eased in August, but the trend is still positive.

It is worth noting that the export growth of Swiss watches is still fully driven by the price list.

In August, a marked increase of 3000 Swiss francs in the Swiss Franc increased by 6.8%, while the Swiss Swiss Franc exports below 200-500 Swiss francs and 200 Swiss francs all recorded a decrease of 500-3000.

The popularity of your watch and the lack of attention in the flat watch are likely to result from increased competition in the field of smart watches.

In the middle of this month's new product launch, Apple Inc. (NASDAQ:AAPL) Apple Corp CEO Tim Cook Tim Cook said the company's Apple Watch sales exceeded the list.

Rolex Rolex became the world's first sales watch, and last year, he said sales were second only to Rolex Rolex.

The company also launched Apple Watch 3, an innovative product equipped with cellular networks, which is considered by the industry to be the most intelligent.

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For the Swiss watch industry, this trend is also mixed.

The two quarter results of Compagnie Financi re Richemont SA (CFR.S), the main selling price list, were gratifying.

Under the constant exchange rate, the Richemont quarter SA group achieved 12% sales growth in the two quarter, thanks to the low base of the same period last year and Asian consumers' pursuit of jewellery brands such as Cartier, Cartire, Van Cleef & Arpels, Van Cleef & Arpels, etc., the highest growth rate in the two quarter since 2012, but the growth rate has been reduced to 7% after excluding the repurchase stock in the same period last year.

In September, last year, the group issued a profit warning warning that mid-term profits would be reduced by 45%.

Exane BNP Paribas SA Luca Solca, a French bank analyst in Paris, thinks that the current trend of the SA SA group is not bad. The sales rates of watches in Asia and Hongkong have shifted to the positive side. However, he pointed out that the recovery will be a gradual process rather than a V rebound.

Analysts also warned that the sales of the Swiss watch industry and the group had begun to stabilize in the second half of last fiscal year, making the comparison in the second half of this year difficult, and the impact of Euro strengthening on sales was already reflected in the two quarter. The sales rate of fixed exchange rate recorded by Richemont SA in the region was only 3%. The growth rate ranked second in the five largest regional market, far less than 23% in the Asia Pacific region, 11% in Japan and 9% in the Americas.

China, Hongkong and the UK have achieved double-digit growth.

However, Swatch Group Ltd. (UHR.S) Swatch group, which owns many medium parity list brands, may not be so happy.

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