PARIS — Exports of Swiss watches continue to fall, declining 25.9 percent in July to 1.2 billion Swiss francs, or $1.12 billion, compared with the previous year, according to the Federation of the Swiss Watch Industry.
Since January, watch exports have fallen 26.3 percent to 7.3 billion francs, or $6.8 billion, reflecting wilting demand for expensive timepieces amid the economic crisis. Dollar figures are converted at average exchange rates for the periods to which they refer.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)