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China, Swatch and Omega SA

Swatch posts steep drop in sales and profit as China struggles

Swatch Group's sales and profit fell during 2024, the Swiss watchmaker said on Thursday, as improvements in the United States and Japan failed to offset a steep downturn in China.

Business Insider · 3d

Swatch — the parent of Longines, Omega, and Tissot — is seeing sales slump, and it's because of China

Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.

Bloomberg on MSN · 4d

Swatch Profit Plunges Almost 75%, Hit by Weakness in China

Swatch Group AG profit fell sharply as the watch industry continues to struggle with weakness in Chinese consumer demand.

WWD on MSN · 4d

Swatch Group Profits Slump 75% in 2024, Dragged Down by China

Skittish Chinese consumers at home or abroad dragged down the Swatch Group: The Swiss company’s 2024 net income dropped 75 percent to 219 million Swiss francs, or $242 million at current exchange rates.

Hosted on MSN · 4d

Swatch Group Cuts Dividend on Lower Sales Due to Weak China Demand

The watchmaker reported lower net sales for last year, as sales and market-share gains in the U.S., Japan, India and the Middle East were offset by a challenging market in China.

1h

Swatch’s new MoonSwatch strap has transformed my Mission to Pluto – but it isn’t perfect

The MoonSwatch has been nothing short of a phenomenon. Three years on from its chaotic launch, the watch is still in huge ...

4don MSN

Swatch Group Shares Slump After Disappointing Results

Stock slid after the company posted disappointing results driven by falling sales in its crucial market China, which accounts ...

2d

Swatch Group price target lowered to CHF 125 from CHF 135 at JPMorgan

JPMorgan lowered the firm’s price target on Swatch Group (SWGAY) to CHF 125 from CHF 135 and keeps an Underweight rating on the shares.Invest ...

Gear Patrol on MSN10d

Swatch Just Launched Its Most Daring Blancpain Dive Watch Yet

Swatch just released the eighth installment in the bioceramic Blancpain Scuba Fifty Fathoms line, and it is by far the ...

6don MSN

This Sexy New Swatch Collection Celebrates the Year of the Snake

Swatch is celebrating the Year of the Snake with the launch of two new watch models, the Golden Red Bamboo and the Blue and ...

2d

Swatch Group price target raised to CHF 150 from CHF 140 at RBC Capital

RBC Capital raised the firm’s price target on Swatch Group (SWGAY) to CHF 150 from CHF 140 and keeps an Underperform rating on the ...

10d

Swatch and Blancpain’s New Scuba Fifty Fathoms Is Doused in Bubblegum Pink

It’s been over a year since Swatch and Blancpain welcomed a new reference to their Bioceramic Scuba Fifty Fathoms series.

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