Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Women’s Watch Sales On the Rise for First Time in 3 Years
According to The NPD Group, sales increased in the first half of 2018 across almost all price categories.
Port Washington, N.Y.—Market analysis firm The NPD Group reported that women’s watch sales are up in the United States after three years of decline.
Between January and May 2018 sales increased 2 percent year-over-year, representing approximately 7 million units sold in the period.
NPD attributed the uptick to watchmakers’ increased focus on their respective women’s divisions, including both new product and more marketing.
Reginald Brack, NPD luxury and watch industry analyst, said: “While we have been tracking the growing trend of women buying men’s-sized watches for some time, sales of smaller watches for women also skyrocketed this year.
“Some brands with a traditionally male focus are now hiring female celebrities to be brand ambassadors in their advertising, with TAG Heuer going so far as to dub 2018 its ‘Year of the Woman.’ These and other efforts by watchmakers are working to focus women’s attention on some traditionally male-centered brands."
Overall, models new to the market accounted for about 7 percent of total sales in the January to May period, with Rolex and Michael Kors the top two earners for new product.
RELATED CONTENT: LVMH Watch, Jewelry Revenue Up 8% in First-Half 2018Valentine’s Day and Mother’s Day garnered particularly strong sales, with large increases in January and April in preparation for those holidays.
Sales were up across nearly every price point.
However, the under $300 category, typically dominated by Michael Kors, saw a 6 percent decrease as the brand is now pricing its growing assortment of smartwatches at $350 and above.
Smartwatches led the 2 percent growth in the $300 to $1,499 segment, but sales of regular watches in that price range were down 4 percent.
High-end watch sales also experienced a major boost in the first half of the year.
Watches priced between $10,000 and $25,000 experienced 17 percent growth, while sales of watches above $25,000 increased 16 percent.
“Rolex and Patek Philippe drove most of the sales increase within the highest price segments,” Brack said. “However, Audemars Piguet and Piaget also contributed to the women’s watch resurgence at the high end of the market.”
The NPD Group collects and analyzes market information across multiple retail channels for more than 20 industries to measure performance and predict trends.
Its latest women’s watch sales report was gathered through NPD’s Retail Tracking Service, which gathers point-of-sale information in the U.S. watch industry and analyzes it according to brand, price
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.