© Written by Rachael Taylor for Retail Jeweller
Those unassuming leather strips, bound in a bundle with rubber bands, hidden in drawers, can so often be an afterthought. Yet the humble watch strap – and other watch accessories – are proving to be a spot of sunshine for an industry still operating under a cloud.
Looking at the stats, the UK watch industry is experiencing a boom. According to market analyst GfK, the value of sales of watches priced at more than £1,000 was up 25% at the start of this year. However, 40% of the value of the market last year was dominated by the top three watch brands and 48% of the value of sales was made in the capital – so if you are outside the luxury London bubble, competition is tougher.
“There’s a lot of talk about the growth of luxury watches post-Brexit, but as a general rule, jewellers are reporting that it is quite quiet on the high street,” says Simon Walker, UK country manager for global watch strap behemoth Hirsch…
This story was originally published in the July 2017 issue of Retail Jeweller magazine. Continue reading to see magazine layouts and download full-size PDFs. Main image: Darlena.
Download PDF: 029-030_RJ0817_WatchesAddOn