Swiss Watch Industry Looks to Rebound in 2010

After the worst one-year decline in demand for Swiss watches since the 1970s, the industry hopes for a brighter 2010.

"The trough of the wave appears to have been reached, and may even be receding," the Federation of the Swiss Watch Industry said in a recent statement.

The industry has been grappling with weak consumer sentiment, tight credit markets, personnel costs, and a smaller bonus pool for bankers who helped drive sales.

Categories: Swiss Watch News.

Leave comment

(required)