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Swiss watch exports drop in February on weak demand in China, US

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Bloomberg

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March 20, 2025

Swiss watch exports’ downward trajectory resumed in February after a one-month respite, with all main markets seeing a decline.

Longines

Shipments from Switzerland’s third-biggest exporting industry fell 8.2% overall, hampered by slow demand in China, the Federation of the Swiss Watch Industry said Thursday. In total, 102,000 fewer watches were exported.

Only watches with an export price below 200 Swiss francs ($228) posted a positive result. Mid-market watches — priced between 500 and 3,000 francs — fell 15.4%, while timepieces above 3,000 francs slipped 7.3%. Precious metal watches held up better than steel watches, despite high gold prices.

The figures highlight persistently tough conditions for Swiss-based watchmakers controlled by the likes of Richemont, Swatch Group AG and LVMH, as well as independents including Audemars Piguet, Patek Philippe and Rolex SA after a boom during the pandemic. Exports were down 3% last year.

Even the US market, which had previously held up, faltered in February with shipments down 6.7%.

The data “may fuel ongoing investor concerns around US luxury demand moderation,” RBC analyst Piral Dadhania said in a note.

US consumer confidence fell the most since August 2021 last month on concerns about the outlook for the broader economy, indicating that uncertainty over President Donald Trump’s policies is weighing on consumer spending.
 



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M&S reopens Gemini store in Warrington with expanded fashion and beauty offer

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M&S Gemini, on Warrington’s Europa Boulevard, has reopened following a major 10-month makeover “to cater to a wider range of customer shopping missions”. 

Reuters

Featuring a refreshed Cothing and Hsome area and enhanced Beuty department, the timely reopening features the brand’s SS25 collections across womenswear, menswear and kidswear. There are also neon-lit areas to spotlight “M&S customer-favourite collections” including Per Una and Autograph and Jaeger. 

Third-party brand offers also include a dedicated Mamas & Papa’s section adjacent to kidswear while other highlights include an improved M&S Footwear selection with a spacious try-on area, plus in-store bra- and suit-fitting services.

The expanded Beauty department is home to all M&S’s third-party and own brands, including the Apothecary collection, while showcasing a range of Clinique, Benefit Cosmetics and Estée Lauder fragrance products.

Dedicated Beauty Advisors are on hand while there’s colleague support to offer styling advice, and a new option that allows customers to skip the queues and pay straight away in its store fitting rooms. The Click and Collect service is also available on all its online Clothing, Home and Beauty orders.

Copyright © 2025 FashionNetwork.com All rights reserved.



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Vogue Williams launches Gen kidswear brand on M&S, Next digital platforms

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Influencer Vogue Williams has launched a new kidswear line called Gen with M&S and Next becoming the first online platforms to bring the unisex childrenswear concept to market. 

The line, which “reimagines childrenswear” has a focus on “versatility, durability, and timeless design”, we’re told. 

Williams curated the pieces and said the launch responds to the growing demand for longer-lasting fashion.The result is a “unique, high-quality range that allows customers to shop freely without the constraints of traditional gendered clothing”.

The age 2-8 collection of essentials includes coats, waterproof onesies, dungarees and short-and-T-shirt sets, boldly coloured with pops of neon and fun prints, while “breaking the traditional boundaries of gendered clothing”. Prices range from £10-£34.

Each piece can be personalised with patches and features a unique ‘Wear Me, Love Me, Pass Me On’ label, “encouraging a culture of sharing and customiaation that makes each garment cherished keepsake while promoting the joy of passing on well-loved pieces”.

Williams said: “Finding high-quality, super-cute clothes for kids that actually last is not easy. I really feel like the Gen range hits all those needs. Kids… get to customise their own piece, whether it’s the first or third child along the line.”

It’s produced by Poeticgem Group and marketed via its subsidiary Luminoso Brands. Gavin Foster, managing director of the latter, said: “Vogue’s styling, vision and authentic voice has been key to the success in securing these fantastic retail partners and we look forward to forging a long term partnership with all parties.”

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Marcolin posts 2.2% revenue drop in 2024, EBITDA grows 10%

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By

Ansa

Translated by

Nicola Mira

Published



March 28, 2025

Italian eyewear group Marcolin has improved its profitability in the course of fiscal 2024. The group’s financial results, approved this week by the board of directors, showed adjusted EBITDA at €85 million, a 10.2% rise over fiscal 2023. The EBITDA margin on net sales also improved, growing to 15.6% compared to 13.8% in the previous year.

Marcolin – Ansa

Revenue was €545.8 million, down 2.2% at current exchange rates compared to revenue in fiscal 2023. In like-for-like terms, excluding the positive and negative impacts of the new licenses signed up in 2024 and discontinued ones, revenue increased by 1.7%.

On LinkedIn, Marcolin said that “during the year, alongside important licence renewals, Marcolin secured new exclusive agreements, and continued the commercial integration of the new house brand ic! berlin into the group.”

The company makes eyewear for Tom Ford, Adidas, Guess, Max Mara, Pucci, Zegna, Skechers, and Abercrombie & Fitch, among others.

Additional material by Nicola Mira

Copyright © 2025 ANSA. All rights reserved.



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