Watchfinder Announce Pre-owned Luxury Watch Sales up 39%
Online retailer Watchfinder has reported like for like sales of pre-owned watches up an impressive 39% following the recent WF&Co rebranding.
The figures, which relate to sales in September, October, and November follow a year of significant internal investment which has seen the staff grow to over 40 people, the introduction of the WF&Co group, a re-designed website and a magazine. Managing Director Stuart Hennell explained that the figures were in line with expectations. “To generate this volume of sales growth in what can only be described as challenging trading conditions is pleasing, but it’s in line with our expectations. If you consider that our customer service rating has also improved to 92% it tells me we’re heading in the right direction.”
The growth can be attributed at least in part to the increasing popularity of pre-owned watches. As consumers think more about luxury spending, an item which is of similar quality to a new watch costs less and has the potential to appreciate in value has obvious appeal. As Co-Founder Matthew Bowling added, “we’re trying to change the way people think about pre-owned watches and as buyers see how favourably our products compare to the brand new alternative, we expect the market to continue to grow.”
With the introduction of a members club, watch rental coming in 2012 and a flagship boutique on the way it looks like WF&Co are well placed to build on this success in 2012.
Rebecca Mould, PR Manager
A: Watchfinder, Invicta House, Pudding Lane, Maidstone, Kent ME14 1NX
E: rebecca@watchfinder.co.uk T: 01622 621384
Note to editor:
Watchfinder is the UK’s leading online retailer of pre-owned fine watches, selling Rolex, Omega, Breitling, TAG Heuer and Cartier to 36,000 customers. The company has an independent customer service rating of 92% on Trust Pilot, generated by the work of over 40 staff who are dedicated to delivering the highest standards of quality. Watches can be bought and sold either via the website or at the offices based Maidstone, Kent or Mayfair, London. More than 1000 pre-owned watches are held in stock, all supported by a twelve month warranty, and new watch sales are referred to a network of authorised retailers. Watchfinder’s image bank contains more than 10,000 watch photographs, all are available on request. Watchfinder is part of the WF&Co group.
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