Watch sales hit £912m in 2010

Overall sales up despite December snow slow-down

Watch sales in the UK are said to have totalled £912m last year, suggests market retail company GfK Retail and Technology.

The figures for 2010 suggest a positive growth in the watch market, with both department store and multiple retailers seeing year-on-year rises in sales figures and numbers of units sold. Over 10.8 million timepieces were sold in the UK last year, with department stores seeing a near 20 percent rise in watch sales.

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Conversely, December’s heavy snow has been blamed for a drop in watch sales at multiple retailers during the 2010 Christmas period, compared to 2009. GfK senior account manager Jonathan Hedges said: “In terms of actual volume and value sales there are no doubts that the adverse weather experienced across the country during December had a significant impact on watch sales during that period. Overall though in 2010 trading was positive.”




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