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Singapore luxury watch market remains tough
Total Swiss watch exports largely flat last year as consumers pull back
Add BT as a preferred sourcePublished Thu, Jan 30, 2014 · 10:00 PM
Singapore
THROUGH last year - even during the Christmas shopping season - local retailers of luxury watches moaned about poor sales. Many resorted to deep discounts to drum up business, apparently with little success.
The year before was already bad. Among the top 15 markets for Swiss luxury timepieces in 2012, Singapore was the only one in which imports took a dip. Big local watch dealers such as The Hour Glass (THG) and F J Benjamin (FJB) reported drops in profits and sales.
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