Feb 4 (Reuters) – Luxury retailer Watches of Switzerland raised its annual sales forecast on Wednesday, citing robust demand for the company’s key luxury brands in the U.S. and the UK markets. The firm now expects sales on a constant currency basis to grow between 9% and 11% in the fiscal year, compared to its previous […]
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Watches of Switzerland raises annual sales forecast on robust demand
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Feb 4 (Reuters) – Luxury retailer Watches of Switzerland raised its annual sales forecast on Wednesday, citing robust demand for the company’s key luxury brands in the U.S. and the UK markets.
The firm now expects sales on a constant currency basis to grow between 9% and 11% in the fiscal year, compared to its previous forecast of a 6% to 10%.
(Reporting by Simone Lobo and Sri Hari N S in Bengaluru; Editing by Rashmi Aich)