-2 -1 0 1 2 3
Total GB Watch Market (Sales Value GBP)
1.8%2.1%-0.9%July 2018 - June 2019January 2019 - June 2019June 2019-4 -3 -2 -1 0 1 23Online sales (Sales Value GBP)
-12 -10 -8 -6 -4 -2 0Total GB Watch Market (Sales Volume (Units)
-13 -11 -9 -7 -5 -3 -1 0 1London (ISBA region) Sales Value GBP
-12 -10 -8 -6 -4 -2 0Price (<£100)
-16 -14 -12 -10 -8 -6 -4 -2 0Price (£100 - £500)
-10.6%-7.1%-9.2%-10.3%-7.9%-10.9%-15.3%-13.1%-9.5%-12 -10 -8 -6 -4 -2 0Online sales (Sales Volume (units)
0246810Rest of GB (Sales Value GBP)
July 2018 - June 2019January 2019 - June 2019June 2019July 2018 - June 2019January 2019 - June 2019June 2019July 2018 - June 2019January 2019 - June 2019June 20190.5%-4.0%-12.2%4.9%8.8%9.0%-10.5%-6.7%-6.0%-3.7%-1.9%-1.9%July 2018 - June 2019January 2019 - June 2019June 2019July 2018 - June 2019January 2019 - June 2019June 2019July 2018 - June 2019January 2019 - June 2019June 2019July 2018 - June 2019January 2019 - June 2019June 2019Sales growth fastest outside the M
LONDON IS STRUGGLING TO BEAT THE RECORD SALES SET IN 2018 WITH SALES DIPPING BY 4% IN THE FIRST SIX
MONTHS OF 2019 WHILE OUTSIDE THE CAPITAL, SALES HAVE SOARED BY ALMOST 9% IN THE SAME PERIOD.
A
disorderly Brexit wiping another
20% off the value of the pound (as
some economists predict) could
give jewellers the sort of short term price
advantage over the rest of the world that
the initial vote to leave delivered in 2016.
August to November of 2016, the referendum
year, saw sales of watches priced at over £
rise by almost 50% in some parts of the country.
It was a cash splurge that many luxury retailers
put to good use with major refurbishments and
expansions that have helped them build on
those gains every since. Barring a hard Brexit
sparking a repeat, it appears the watch market
JO(SFBU#SJUBJOXJMMCFCSPBEMZmBUZFBSPOZFBS
a solid result after the golden years of 2016 to
(G,TNPOUIMZEBUBTIPXTUIBUUIFlSTUTJY
months of 2019 saw the value of watch sales
across the country rise by just 2.1%, and even
that growth was slowing. London is struggling
most to beat last year’s records, and has seen the
value of watch sales at all price points drop by
JOUIFTJYNPOUITUP+VOF
BOEJTEPXOZFBS
POZFBSCZPWFSJOUIFNPOUIPG+VOFBMPOF
The rest of Great Britain has closed the gap on
London, with sales growth of 8.8% in H1.
There is no comfort in sight for brands at
UIFWPMVNFFOEPGUIFNBSLFU&OUFSJOHBlGUI
straight year of declines across all price points
under £1000.This data is supplied by
GfK, the UK’s leading ana-
lyst of retail performance
BOEDPOTVNFSDPOlEFODF
For information please
WJTJUXXXHGLDPN12
FRONT / RETAIL SALES DATA
WATCHPRO / AUGUST 2019 / watchpro.com