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While the Swiss watch industry is battered by the global luxury downturn, one Japanese watchmaking company is reporting an uptick in sales.
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The Swiss watch sector’s slide appears to be more pronounced than the wider luxury slowdown, but industry insiders and analysts urge perspective.
The retailer is expanding its online marketplace to include pre-owned watches, collectible trading cards, and high-end beauty products, aiming to capture more e-commerce spend and compete with rivals like eBay and Amazon.
Led by brands including Rolex, Patek Philippe and Audemars Piguet, prices for pre-owned watches soared to unprecedented levels in 2021.
Robin Swithinbank is a contributing writer at The Business of Fashion. Swithinbank is a London based journalist, editor, and speaker who specialises in luxury watches.
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