Fashion
Watches of Switzerland says UK and US see “consistently strong trading” in H1

Published
September 3, 2025
Watches of Switzerland Group (WOSG) updated on its recent trading on Wednesday with the former high-flyer delivering good news about its core UK and US markets. This is despite the tariff carnage of recent months and was a positive development after a series of earlier weaker reports had sent its share price down over 40% this year alone.
The company last week became the latest big name to urge the government to restore VAT-free shopping for tourists (the lack of which has been dubbed a ‘tourist tax’). But it said it’s “pleased with our performance in the 18 weeks to 31 August 2025 and are on track to deliver a good H1 FY26 in line with our expectations. We have seen consistently strong trading throughout the period, particularly in the US, despite the announcement of increased tariffs on Swiss imports. The stability we saw in the UK luxury watch and jewellery markets during H2 FY25 has continued, and we have delivered good year-on-year growth. Registration of Interest lists continue to grow in both markets”.
It was also upbeat about “the success of the flagship Rolex Boutique on Old Bond Street, London, which is exceeding our expectations”. We’re told that the response from clients “has been excellent and traffic levels and conversion rates are very good. The Rolex Certified Pre-Owned salon on the lower ground floor is fast becoming the destination for Rolex aficionados”.
Clearly the combination of a Bond Street address and the Rolex brand is proving to be a winning formula, even though London shopping tourism remains muted due to the aforementioned tourist tax.
The company’s e-commerce sales have also shown good growth, particularly in the US following the upgrade of its signature webstore.
And the group’s “well-established” Certified Pre-Owned business is “growing well in both markets, and we see significant opportunity for growth in this dynamic category”.
The firm’s earlier acquisition (in May 2024) of Roberto Coin Inc is “performing strongly” too. The company plans to “grow and develop the Roberto Coin brand” and has launched a campaign featuring Dakota Johnson as global brand ambassador.
Looking at the wider WOSG business, it said that “elevation and brand expansion within our own showrooms is proving very successful. We continue to develop and refine the offering and there are opportunities to extend this to our retail partners”.
It’s signed leases for three monobrand boutiques and the construction of newly designed boutiques in Miami, New York and Las Vegas is under way with openings due in Q3 of its 2026 financial year, which means they’ll be open before the end of November.
Showrooms remain a big focus for the business and it has recently refurbished Northern Goldsmiths, Newcastle, which has been retailing Rolex since 1919, as well as opening the Audemars Piguet AP House, Manchester, operating as a joint venture.
The new Mappin & Webb Luxury Jewellery Boutique, Manchester is now complete and opens this week. This jewellery boutique has geographical exclusivity for several luxury jewellery brands, including WOSG’s first De Beers monobrand boutique.
Outside of its domestic market, the relocated Mayors Lenox, Atlanta also opened last month. And the Q4 FY25 openings of Mayors Jacksonville, Florida and Watches of Switzerland Plano (its first showroom in Texas) “have got off to an encouraging start”.
Further showrooms are being developed/opened for this financial year including the new Watches of Switzerland Southdale, Minneapolis and the relocation of Mayors University Town Center Sarasota, Florida. In the UK, it will complete the Mappin & Webb Birmingham conversion, the relocation of Goldsmiths Merry Hill, Birmingham and the expansion of Goldsmiths Oxford.
There’s a lot of activity happening and some major investment cash going into it. The company didn’t say what impact this is having on profitability and didn’t specify any monetary figures in the outlook it delivered on Wednesday. But it did say that “performance in both markets is encouraging and in line with FY26 guidance provided in July 2025. We do not anticipate any material impact from the US tariffs in H1 FY26 as brand partners have increased inventories as shown by Swiss Watch Exports in July 2025 (+45% vs prior year)”.
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Fashion
Expanded MERCOSUR-India PTA to cover tariffs, NTMs: India, Brazil

The MERCOSUR bloc comprises Argentina, Bolivia, Brazil, Paraguay and Uruguay. Venezuela was a full member, but has been suspended since December 1, 2016.
Brazilian Vice President Geraldo Alckmin, who also holds the portfolios of development, industry, trade and services, recently met Indian Minister of Commerce and Industry Piyush Goyal in New Delhi.
India and Brazil recently agreed that the MERCOSUR-India Preferential Trade Agreement (PTA) signed in June 2003 should be expanded covering both tariff and non-tariff issues, with active participation of the private sector and other stakeholders.
Both agreed that the expansion of the PTA should be substantial, aiming for a significant share of bilateral trade to benefit from tariff preferences.
Both agreed that the expansion of the PTA should be substantial, aiming for a significant share of bilateral trade to benefit from tariff preferences, a release from the Indian ministry said.
The next step in this regard should be the establishment of a technical dialogue between the parties, including the holding of a meeting of the joint administration committee created under Article 23 of the PTA at the earliest date, to define the scope of expansion.
Parties should try to conclude the negotiations within a year from its launch.
Fibre2Fashion News Desk (DS)
Fashion
US’ Target & Woolrich unveil outdoor-inspired limited collection

The collaboration brings together two design-driven brands, offering a fashion-forward collection that reflects today’s cultural shift toward outdoor living and adventure. It includes Target’s largest men’s capsule ever in a limited-time offering, alongside a broad range of women’s styles and lifestyle pieces, with standouts like the Women’s Buffalo Check Melton Jacket and Adult Printed Landscape Zip-Up Fleece Jacket. Designed to blend style and function and taking inspiration from the growing urban adventure movement, the assortment leans into modern trends with prices starting at $2, and most items under $40. Explore the lookbook for the full collection.
Target has launched a limited-edition collection with Woolrich, debuting October 18 in select stores and online.
Featuring over 100 redesigned classics across apparel, home, and outdoor gear, prices start at $2 with most under $40.
The Woolrich x Target line celebrates adventure-ready fashion and outdoor living, blending heritage style with modern functionality and affordability.
“Woolrich x Target is all about fashion meeting function to help consumers embrace the outdoors in style,” said Jill Sando, executive vice president and chief merchandising officer, apparel & accessories, home and hardlines, Target. “From the Quilted Sheep Tote Bag to the Buffalo Check Outdoor Wearable Throw, to the amazing inflatable kayak, and so much more, I love how Target and Woolrich have worked together to create something that’s fun and affordable.”
Building on two legacies
Known as “the original outdoor clothing company,” Woolrich has been outfitting adventurers since 1830, with a legacy rooted in durability, craftsmanship and iconic style. From outfitting Arctic expeditions to becoming a staple in streetwear, Woolrich has inspired generations of open-air wanderers and urban explorers alike.
Meanwhile, Target’s leadership as a brand has long been driven by great design, built through decades of investment in owned brands, national brands and partnerships to deliver on-trend design and affordable style. For over 25 years, Target has partnered with trendsetting designers — nearly 200 to date — and expanded into unexpected categories such as beauty, home, food and more, evolving its strategy with cultural and social trends.
The Woolrich x Target collaboration builds on both legacies and celebrates the joy of outdoor living and versatility of adventure-ready fashion, with pieces like the Buffalo Check Outdoor Wearable Throw and Men’s Mid-Rise Straight Fit Cargo Pant that blend style and function while surprising with unexpected details. The Woolrich archives provided early inspiration for the team, who incorporated original details, prints and artwork into many Woolrich x Target items. Target guests will find archival Woolrich designs alongside unique additions that include an inflatable kayak, binoculars, mindfulness journals, a new home assortment, plus new and exclusive food and beverage items from Peet’s Coffee and Kodiak Cakes — all designed to bring joy and adventure into everyday life.
“For nearly two centuries, Woolrich has been synonymous with authentic American outdoor exploring, crafting products built on a legacy of heritage,” said Heekyun Kim, Woolrich’s creative director. “This collaboration with Target represents an exciting opportunity to introduce our iconic designs, like our legendary buffalo check, to a new generation of explorers. We are proud to create a collection that honors our archives while making the Woolrich spirit of adventure accessible to all.”
Early access on three exclusive items for Target Circle 360 members
For the first time, the retailer will offer three Woolrich x Target items ahead of the launch — the Patchwork Plaid Throw Blanket, Sheep Shaped Throw Pillow and Sheep Print Beanie — exclusively for members of the retailer’s paid membership program Target Circle 360. The items will be available for purchase on Target.com Oct. 14-16, while supplies last, before the collection launches Oct. 18 — and are not included in the main collection.
An adventure-fueled campaign and shopping experience
To celebrate the launch, Target will debut an “Adventure Is Wherever You Are” marketing campaign shot in New York City by the retailer’s in-house team and featuring style influencer Lauren Wolfe and singer-songwriter David Kushner. The campaign captures the playful, optimistic spirit of the collection, showing how the collection fits seamlessly into everyday moments of exploration, style and self-expression.
The retailer will craft the shopping experience in the same adventurous spirit. Select stores will feature a dedicated Woolrich x Target shopping experience that immerses guests in a world of buffalo check and invites them to explore the collection’s cozy textures. On Target.com and the Target app, guests will be greeted with joyful touches that evoke fall and highlight the collection. Target is also making shopping the collection fast and easy with same-day pickup and same-day delivery so guests can grab their gear and get adventuring.
The Woolrich x Target collection is the latest example of Target’s commitment to its continued legacy of design partnerships that make quality style and design accessible to all.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
Germany’s GDP to rise 1.4% in 2026, 1.8% in 2027: Goldman Sachs

Germany’s economy is poised for stronger growth over the next two years, as the country’s gross domestic product (GDP) is projected to rise by 1.4 per cent in 2026 and 1.8 per cent in 2027—well above its 0.8 per cent potential growth rate and the consensus among economists, according to Goldman Sachs Research.
Chancellor Friedrich Merz’s government plans to invest €500 billion (~$580 billion) in infrastructure over the next 12 years and has amended Germany’s constitutional debt rule to enable higher defence spending. Total spending is expected to rise 2.2 per cent of GDP by 2027, Goldman Sachs said in an article.
Germany’s GDP is forecast to grow 1.4 per cent in 2026 and 1.8 per cent in 2027, surpassing its 0.8 per cent potential rate, according to Goldman Sachs.
The Merz government plans €500 billion (~$580 billion) in infrastructure spending and higher defence outlays.
While reforms could tackle labour and energy challenges, Germany remains exposed to global trade risks and structural inefficiencies.
“After years of economic underperformance, we have turned notably more optimistic on Germany’s economic outlook,” said Niklas Garnadt and Jari Stehn, economists at Goldman Sachs. They added that near-term policy efforts will likely focus on executing the fiscal package efficiently, including fast-tracking planning and permitting processes to prevent investment delays.
The fiscal expansion could also open the door to structural reforms tackling long-standing issues such as labour shortages, high energy costs, and sluggish productivity. As in the early 2000s, these measures could transform Germany into a renewed growth engine, Goldman Sachs said.
Nonetheless, challenges persist. Germany’s dependence on global trade makes it vulnerable to protectionist trends and slowing world commerce, while its reliance on traditional industries, elevated energy prices, bureaucratic inefficiencies, and skilled labour shortages continue to weigh on potential growth.
Goldman Sachs concluded that the Merz administration now has ‘a window of opportunity to build on this improved macro picture with reforms that ensure a lasting improvement in Germany’s economic performance.’
Fibre2Fashion News Desk (SG)
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