PARIS — Swiss watch exports fell 3.9 percent in May, sapped by a drop in sales of gold watches and an unfavorable comparison with the same period last year, the Federation of the Swiss Watch Industry reported on Thursday.
Foreign sales of Swiss timepieces reached 1.8 billion Swiss francs, or $1.93 billion, in the month, according to the federation. This followed increases of 5.7 percent in April and 0.6 percent in March.
Dollar figures are calculated at average exchange for the period to which they refer.
Growth in the first five months of the year totaled just 1.7 percent, reflecting a sharp slowdown in key markets like Hong Kong and China, where a government crackdown on corruption has dented sales of luxury timepieces.
The number of exported wristwatches fell 7.9 percent in relation to May 2012, due mainly to a 13.9 percent drop in the amount of gold watches. Over the first five months of the year, 840,000 fewer watches were exported, representing a drop of 7.3 percent, the federation noted.
Only timepieces costing between 200 and 500 francs, or $210 to $524, were exempt from the slide. Sales of watches costing less than 200 francs fell by 14.2 percent in volume terms. Meanwhile, exports of watches costing more than 3,000 francs, or $3,142, were down 4.1 percent, their first monthly decline in more than three years.
Hong Kong and China continued to report declining sales, with drops of 15.7 percent and 19.4 percent, respectively. Sales in the United States eased by 0.9 percent, while France posted a 14.7 percent decrease. Italy was up 4.7 percent, and Germany recorded a rise of 8.4 percent.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion