With demand for watches finally showing signs of improvement, optimism is creeping back into the sector. Upcoming data and company results will be under scrutiny as the industry seeks clues about whether the recovery is sustainable — and how business will look in the future."This may be the time that investors turn more positive on watches short-term. In fact, sell-out of major multibrand retailers in Asia has been improving for almost a year, while Swiss exports are rebounding," said equity analysts at Exane BNP Paribas in a research note.The Federation of the Swiss Watch Industry in July indicated that it had amassed enough encouraging data this year to conclude that the long-running decline in business had come to an end.The federation, which releases numbers of watch exports from Switzerland on a monthly basis and is considered a barometer for the luxury goods sector, sounded a positive note about business in Hong Kong, the most important market for sellers of timepieces.Swatch Group chimed in with its own evidence when reporting first-half results in July, saying the company's sales had stabilized in Hong Kong.The world's biggest watchmaker gave a positive outlook for the rest of the year, citing an increased rate of growth for all of its brands in June and in the first weeks of July, especially for high-end products.Swatch Group chief executive officer Nick Hayek has been known to be excessively optimistic in the past, but analysts are ready to hear the upbeat outlook he projected last month now that there are numbers to back his view.Caution remains after last year's nearly 10 percent decline in Swiss watch exports, and any signs of weakness in the recovery will likely be analyzed closely in the coming months.Swatch Group, for example, noted third-party brands were "very insecure” and delaying orders. Production sales to third parties weighed on the company's operating margin in the first half.In May, Compagnie Financière Richemont reported a double-digit fall in profits after a difficult year when it was forced to buy back watch inventory and lay off watchmakers in Switzerland.Although, Richemont didn’t break out fourth-quarter sales, analysts said growth had slowed to 4 percent from the previous quarter’s 5 percent, suggesting that recovery in the watch division remains weak.“While we like the branded jewelry business, the watch category remains challenged in our view,” said Barclays following the Richemont results.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)