A pedestrian walks past an advertisement for Rolex watches China.
PARIS — Exports of Swiss watches rose 3.7 percent in September, further indicating improvement for the sector, the Federation of the Swiss Watch Industry said on Thursday.Sales of Swiss watches totaled 1.77 billion Swiss francs, or $1.02 billion, led by growth in Hong Kong and Singapore. Patchy spots in the recovery remained, however, with the U.S. market continuing to decline, down 0.6 percent over the period.“The trend over a twelve months period therefore shows a continuing recovery,” Exane BNP Paribas said in a research note.Watches priced under 200 Swiss francs fell sharply, down 18.3 percent in value terms. Analysts consider lower-priced time pieces as particularly vulnerable to competition from smartwatches.“We continue to see the lower-end segment as at risk of share loss to the smartwatch category, with Swatch the most exposed,” noted Citi research analyst Thomas Chauvet. Citi cited the latest Apple Watch Series 3, launched last month with improvements including longer battery life and independent connectivity, as well as the new Hermès editions of the watch with calfskin straps.Analysts at Exane BNP Paribas, in a note published in July, had flagged rising competition from smart watches as “potentially ramping up as smart functionality improves.” Chinese consumers, who are the most advanced in the digital sphere on top of being fitness-obsessed, could be “just one step away from adopting smart watches ‘en masse,’” noted Exane.Considered an important indicator of the luxury goods sector, watch export figures are closely eyed by industry observers.Watch exports to Hong Kong, the biggest market, rose 13.7 percent. The federation said that market benefited from a favorable base effect. Exports to Singapore nearly doubled, up 89.6 percent, boosted by demand for very expensive watches, it said.Growth in China and the U.K., two similarly-sized markets for the industry, fell 1.2 percent and 0.7 percent, respectively.Exports to Japan fell 15.6, showing that market “failed to confirm the August growth figure,” noted the federation.Exports of watches in precious metals rose 10 percent in value terms while declining 7 percent in numbers of units. Exports of steel watches rose 6.7 percent, while declining 9.4 percent in terms of unit numbers. Bimetal timepieces continued their decline, with gold and steel watches down 13 percent in terms of value.
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