Swatch Group AG ADR(SWGAY)- OTCPK - Current
  • Thu, Jul. 21, 7:24 AM
    | Thu, Jul. 21, 7:24 AM
  • Thu, Jul. 21, 4:18 AM
    • Helped by cost-control measures, Unilever (NYSE:UL) posted a profit rise and said it's ready for challenges ahead.
    • Swatch (OTCPK:SWGAY) expects a recovery in the second half after net profit plunged 52% in H1.
    • Roche (OTCQX:RHHBY) confirmed its outlook for 2016 and reported results that exceeded expectations.
    • Driven by price and mix realization, SABMiller's (OTCPK:SBMRY) group net producer revenue grew 2% in Q1.
    • Lufthansa (OTCQX:DLAKY) cut its full-year profit target, saying "terrorist attacks in Europe" weighed on its bookings.
    • The fears also hit Easyjet (OTCQX:ESYJY), with shares under pressure after weak Q3 revenues.
    | Thu, Jul. 21, 4:18 AM
  • Fri, Jul. 15, 5:53 AM
    • Swatch -11.1% in Switzerland after issuing a preliminary H1 update.
    • Expects net sales -12% Y/Y due to decreased sales in important markets like Hong Kong and Europe.
    • Sees operating profit and net income down 50-60% Y/Y "obviously due to the decrease in sales but also to the tradition and the industrial long term philosophy of the Swatch Group to consider its employees not just as a cost factor but to keep them (also in spite of important cancellations of orders from third parties), to maintain investments in new products and marketing and to pursue a defensive price increase policy."
    | Fri, Jul. 15, 5:53 AM | 2 Comments
  • Thu, Mar. 10, 9:30 AM
    • Swatch Group AG ADR (OTCPK:SWGAY): FY15 Net Income of CHF1.12B
    • Revenue of CHF8.45B (-3.0% Y/Y)
    | Thu, Mar. 10, 9:30 AM
  • Tue, Feb. 9, 5:14 AM
    • Swatch (OTCPK:SWGAY) will reintroduce sunglasses under its namesake brand this year through a five-year alliance with Safilo (OTCPK:SAFLY), after a stint selling them in the 1990s.
    • The diversification comes as the Swiss watch industry struggles to sell more timepieces amid slowing economic growth in its largest market, China.
    • Low-end watch brands have also had to contend with competition from an increase in smartwatch adoption.
    | Tue, Feb. 9, 5:14 AM
  • Thu, Jan. 28, 3:03 PM
    • Swiss watchmakers are looking for new markets and introducing products at lower price points due to soft demand in Europe.
    • Weak Chinese tourism, the strong Swiss franc, and competition at lower prices points from Apple Watch and other smartwatch introductions have put pressure on the high end.
    • "We expect 2016 to be a very, very difficult year," warns HYT Chief Vincent Perriard.
    • Related stocks: OTCPK:SWGAY, MOV, TIF, OTCPK:CFRUY, OTCPK:LVMHF, OTCPK:HESAF,
    | Thu, Jan. 28, 3:03 PM
  • Nov. 30, 2015, 3:42 AM
    • Swatch (OTCPK:SWGAY) is launching a project that lets Visa (NYSE:V) cardholders in the U.S., Switzerland and Brazil make payments with its new "pay-by-the-wrist" Bellamy watch.
    • The transactions will require absolutely no energy from the watch itself, a serious advantage to poor battery life rivals.
    • Swatch Bellamy is set to hit the market in early 2016 and will be able to be used wherever contactless NFC Visa payments are accepted.
    • Previously: Swatch and Visa to partner on smartwatch (Nov. 25 2015)
    | Nov. 30, 2015, 3:42 AM
  • Nov. 25, 2015, 10:22 AM
    • Swatch (OTCPK:SWGAY) and Visa (NYSE:V) plan to partner on a new smartwatch device to be sold in the U.S. and Europe, according to Swiss media reports.
    • The smartwatch will allow owners to make payments through the Visa technology.
    • A formal announcement from the companies is expected within a few days.
    | Nov. 25, 2015, 10:22 AM | 9 Comments
  • Oct. 31, 2015, 12:27 PM
    • Swatch (OTCPK:SWGAY, OTCPK:SWGAF) plans to introduce a smartwatch capable of making payments in Switzerland sometime next year, according to CEO Nick Hayek.
    • The company already sells a smartwatch in China that can be used as a debit card.
    • The strategy in the U.S. for Swatch is to boost consumer awareness of the Tissot brand, and add new retail selling channels, through a global NBA sponsorship deal. Next-gen Tissot timing systems will be introduced at all 29 NBA arenas next year. Tissot will also piggyback with the NBA as the league continues global development and expansion.
    | Oct. 31, 2015, 12:27 PM
  • Sep. 13, 2015, 9:40 PM
    • Swatch (OTCPK:SWGAY) CEO Nick Hayek says the company is maintaining 15% sales growth to Chinese customers on a constant currency basis despite the recent economic downtown. His update could calm some fears over demand trends from Chinese tourists for Swatch products.
    • The confident exec also turns the tables on the theory the Apple Watch will cut into Swatch's sales by noting that Apple's entry into the smartwatch category has driven up demand across the industry as consumers compare options.
    | Sep. 13, 2015, 9:40 PM
  • Aug. 11, 2015, 10:00 AM
    • The currency devaluation fired off in China is hitting select consumer goods and services stocks.
    • China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
    • Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
    • Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
    | Aug. 11, 2015, 10:00 AM | 2 Comments
  • Jun. 12, 2015, 9:32 AM
    • Luxury retailers continue to struggle in China as consumers in the nation adjust to pricing disparities derived from currency fluctuations.
    • Last year, luxury sales in China fell 11% while overseas purchases by Chinese tourists rose 9%.
    • The tally for overseas purchases included the "grey market" where items are bought overseas then resold inside China.
    • The trend has continued this year, despite efforts by companies to reset pricing.
    • China luxury sellers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
    | Jun. 12, 2015, 9:32 AM | 2 Comments
  • Mar. 19, 2015, 8:01 AM
    • Chanel and Tag Heuer (OTCPK:LVMHF) have lowered prices in China due in part to the weakened state of the euro.
    • Some of the price cuts are being seen in other Asia countries as well.
    • The pricing power of luxury brands in China is expected to remain under pressure, although not all companies are expected to follow the lead of Chanel and Tag Heuer with price cuts not in their DNA.
    • A Bloomberg TV report showed very long lines at Chanel stores today.
    • China luxury sellers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
    | Mar. 19, 2015, 8:01 AM | 1 Comment
  • Mar. 10, 2015, 3:47 PM
    • The co-inventor of Swatch is a bit bearish on the prospect for the Swiss watch industry after taking in the Apple event yesterday.
    • "I do expect an Ice Age coming toward us," said Elmar Mock.
    • "We’ve seen a lot of arrogance in the Swiss watch industry in the past few years, calling the smartwatch a gadget and not taking it seriously," he goes on.
    • Most retail analysts are calling for a smaller impact to the industry from the presence of Apple.
    • Previously: Apple sets Watch prices; pre-orders start on April 10 (March 9)
    • Related stocks: Movado (NYSE:MOV), Fossil (NASDAQ:FOSL), Swatch (OTCPK:SWGAY), Tiffany (NYSE:TIF), Richemont (OTCPK:CFRUY), LVMH Moet Hennessy (OTCPK:LVMHF), Hermes (OTCPK:HESAF), Michael Kors (NYSE:KORS).
    | Mar. 10, 2015, 3:47 PM | 16 Comments
  • Mar. 4, 2015, 7:31 AM
    • Luxury sales in Macau were off 20% to 30% for the Chinese New Year holiday period, according to local reports.
    • The slide in luxury sales is tied to a crackdown by the Chinese government on corruption which cut into VIP traffic into the gaming mecca.
    • The read on Macau doesn't bode well for luxury sales in Hong Kong during Chinese New Year. Sales in Hong Kong were already a concern due to the political unrest in the region.
    • Related: Chinese New Year no cure for Macau gaming slide (Mar. 03 2015)
    • China luxury sellers: Gucci (OTC:GUCG), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
    | Mar. 4, 2015, 7:31 AM | 1 Comment
  • Feb. 24, 2015, 1:08 PM
    • Projections on the sales of Apple Watches this year now range as high as 20M, according to Women's Wear Daily.
    • The increased sales forecast has some watch companies scrambling to introduce smartwatches of their own.
    • What to watch in the watch market: Analysts think the high-end of the fashion watch segment is most at risk to share loss. In the luxury segment, although brands might feel pressure at the opening price points, the Apple Watch shouldn't be a significant factor at the highest pricing levels.
    • Related stocks: Movado (NYSE:MOV), Fossil (NASDAQ:FOSL), Swatch (OTCPK:SWGAY), Tiffany (NYSE:TIF), Richemont (OTCPK:CFRUY), LVMH Moet Hennessy (OTCPK:LVMHF), Hermes (OTCPK:HESAF), Michael Kors (NYSE:KORS).
    | Feb. 24, 2015, 1:08 PM | 5 Comments