PARIS — Swatch Group said gross sales rose 8.3 percent in 2013 despite currency headwinds, and early signs indicate that 2014 will be another year of strong growth.
The world’s largest watchmaker — parent of brands including Omega, Breguet, Blancpain and Swatch — said sales reached a record level of 8.8 billion Swiss francs, or $9.5 billion, in 2013 versus 8.14 billion Swiss francs, or $8.5 billion, the previous year. Dollar rates are calculated at average exchange rates for the periods concerned.
Swatch Group said it expects to post “good” operating profit and net income for the year, despite currency swings which impacted sales to the tune of 100 million Swiss francs, or $109 million, in the second half alone. Swatch Group is scheduled to publish its key figures on Feb. 20.
“The major growth factors were the strong brands and the extensive distribution and retail network,” it stated. “Based on the strong start by all brands in the first few days of January, dynamic growth is expected for the entire year 2014.”
Swatch Group said sales in the watches and jewelry segment, which account for 90 percent of overall revenues, were up 8.6 percent in 2013. By comparison, overall exports of Swiss watches rose 1.7 percent between January and November, according to the latest data from the Federation of the Swiss Watch Industry.
“This clearly indicates the gain in market share by the Swatch Group,” the company said. Swatch Group had expanded its production capacities to keep up with demand, and is planning to add further plants in the year ahead.
However, the electronics systems segment again lagged, with adverse exchange rates contributing to a 3.9 percent sales drop.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty