Swiss Watch Exports Rise for Fifth Month on US, Europe Demand
Total shipments rose 2.7 percent to $23.6 billion in the first nine months of the year, the Federation of the Swiss Watch Industry said Tuesday.

Sophisticated counterfeits and a culture of hassle-free returns have created an expensive problem for retailers.

Department stores and e-commerce sites like Selfridges, Farfetch and Galeries Lafayette are making moves to promote more sustainable fashion, a shift that could have a powerful impact on the industry.

Starting next year, the UK luxury department store chain will only sell leather derived from agricultural livestock, joining a growing number of retailers and brands that have banned crocodile, python and other exotic skins.

The store has long been pronounced dead, but for market-leading talent, retail careers have never been more creative or exciting as they drive the industry's reinvention.
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Total shipments rose 2.7 percent to $23.6 billion in the first nine months of the year, the Federation of the Swiss Watch Industry said Tuesday.
Revenue rose 7.2 percent, beating analysts' estimates.
Chief executive officer Bjoern Gulden wants the company’s local staff to jump on trends quickly and cater to customers in their markets to drive demand.
Most stores in the Via Montenapoleone luxury shopping district, home to brands including Chanel, Tiffany and Dior, removed merchandise from their windows as a precaution.
The company has ‘taken immediate action to identify and remove listings linked to the looting,’ and has ‘stepped up monitoring of suspicious listings,’ a Vinted spokesperson said in a statement. ‘When our rules are breached, we act against the accounts involved, up to permanent bans.’
The direct-to-consumer business, known for its dupes of popular items, is expanding outside North America for the first time.
Resilient demand for heritage bags and a higher share of full-price sales boosted the British luxury handbag maker, sending shares nearly 4 percent higher in early trading.
Onur Aktas has been appointed chief executive of the Stockholm-based label as it plots global expansion.