Reported 6 months ago
The US luxury watch market is experiencing strong growth, with Watches of Switzerland Group CEO Brian Duffy noting that demand for luxury watches continues to surpass supply. Despite the market being underdeveloped in the US compared to other countries, Duffy states that the US market has exceeded expectations since the company entered it in 2016. The average customer base is evolving, with a male-oriented demographic showing an increasing interest among women and younger individuals in embracing luxury watches. Rolex, being half of Watches of Switzerland's business, remains a cornerstone brand in the market with high demand and a successful Certified Pre-Owned (CPO) market.
Source: YAHOO