PARIS — Swiss watch exports kept up their strong momentum with a 31.6 percent rise in May, the second monthly increase in excess of 30 percent, led by strong gains in China and Singapore, the Federation of the Swiss Watch Industry said.
Swiss watch sales totaled 1.6 billion Swiss francs, or $1.87 billion, during the month, with gold timepieces leading the way, up 50.3 percent in volume terms. Over the first five months of the year, exports were up 21.7 percent. Dollar figures are converted at average exchange rates for the period.
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)