Login

Search

We have 7837 groups in 289 locations listed on this site! Knit on, everyone!

Latest Groups Added

1. timberland front country slip on
    Created: Oct 22, 2014
2. lv shoes replica
    Created: Oct 22, 2014
3. christian louboutin shoes for cheap
    Created: Oct 22, 2014
4. Fake Patek philippe Complications watches
    Created: Oct 22, 2014
5. Rolex Submariner Watches,Rolex Submariner,buy Rolex Submariner,Rolex Submariner sale,Fake Rolex Submariner
    Created: Oct 22, 2014

Recently Updated Groups

1. Jersey, Channel Islands
    
2. Solon (East side of cleveland)
    
3. Denver, CO
    
4. Niagara-on-the-Lake / Virgil
    
5. Antwerpen
    

Stitch 'n Bitch Groups

TAG Heuer sees single-digit sales growth this year

Group Name
180
Meeting Location
180
Address
180, New York, 180, 180, 180
Meeting Day
180
Meeting Time
180
Contact E-mail
Group Website
[b][url=http://www.replicawatchesroom.com/armani-watches-c-577.html]cheap Armani Watches[/url][/b]
[b][url=http://www.replicawatchesroom.com/armani-watches-c-577.html]discount Armani Watches[/url][/b]
cheap A. Lange & Sohne watches
| A. Lange & Sohne watches
| Replica A. Lange & Sohne watches

TAG Heuer sees single-digit sales growth this year
By Silke Koltrowitz
November 5, 2013 12:53 PM
0
shares
Content preferences
Done
. View gallery
.
.
By Silke Koltrowitz CHEVENEZ, Switzerland (Reuters) - Swiss watch brand TAG Heuer expects single-digit sales growth this year and is aiming to outperform market growth estimated at about 5 percent in 2014, its head told Reuters on Tuesday. "We're expecting to be in positive territory for the year as a whole," Stephane Linder, who took over as chief executive from Jean-Christophe Babin this summer, told Reuters on the sidelines of a factory opening in western Switzerland. "Next year, Swiss watch exports could realistically rise about 5 percent, and we'll outperform the market," Linder said. Swiss watch exports rose a mere 1.9 percent in the first nine months of 2013, depressed by lower demand in greater China, where retailers sat on too much stock, and a sluggish recovery in the United States, the two most important markets. Linder said sales were slightly down so far this year in North America, where TAG Heuer, owned by LVMH , generates about a fifth of sales. View gallery ." A Tag Heuer production machine is seen in their new watch factory in Chevenez November 5, 2013. REUT … "But we're gaining market share on the $5,000 to 10,000 segment, that is encouraging," Linder said, adding sales trends in the United States and Canada had turned positive in September and he hoped to see a real rebound in the second half of 2014. TAG Heuer, which sits alongside Hublot, Zenith, Bulgari and Chaumet in LVMH's watch and jewelry division, is aiming to double production of mechanical chronograph watch movements to about 100,000 per year by 2016 thanks to the new factory. The brand, known for its chronographs, or mechanical watches with a stopwatch function, also on Tuesday revealed a new chronograph movement called the Calibre 1969, helping it towards greater independence from largest player Swatch Group , which sells movements to peers such as Richemont , LVMH and independent family-owned brands. Pressure on rivals to build their own production facilities has been rising since Swatch decided it no longer wants to have to supply its competitors. Last month, it agreed on a compromise with Swiss competition watchdog Weko to gradually phase out movement deliveries through 2019. "We've invested about 40 million Swiss francs into our production facilities over the last five years," Linder said, adding TAG Heuer was only indirectly dependent on Swatch because it buys mechanical movements from Sellita, which still buys many watch parts from Swatch. Linder said the brand was also working on two other movement projects, particularly an in-house watch movement he considers key to conquering the Chinese market. "The Chinese don't like chronographs, not yet, and we need a new, stunning watch model to develop this segment," he said, adding TAG Heuer could sell eight to 10 times more to the Chinese as its price tags starting at 1,500 Swiss francs ($1,600) should appeal to China's rising middle class. ($1 = 0.9110 Swiss francs) (Editing by David Holmes) Europe News TAG Heuer
Click to view comments
View Comments
Share this
0
shares
Top Stories Obama's next credibility issue: Afghanistan Police believe Va. senator was stabbed by son Second annual 'Hipster Games' are here
Latest Videos Tornado outbreak: Clean-up efforts begin in 12 states 03:03 Disapproval Rating for President Obama at Record High 02:04 Dow Jones and S&P 500 hit record highs 00:25 Iranian embassy explosions: Several killed in two blasts in Beirut 00:22 Zimmerman 911 call released: "You put your gun in my freaking face" 02:51
Latest Slideshows New charges for George Zimmerman Pipe cleaner artist 'Selfies' of the rich and famous 'Hunger Games' chocolate and other film and TV-inspired … Midwest tornadoes
Yahoo News Originals New charges for George Zimmerman (gallery) Video Captures Koi Fish in Malaysia Swimming in Unusual Pattern Flip Through Lip-Synching TV Channels Set to Bob Dylan's "Like a Rolling Stone" Watch This Incredible Bob Dylan Interactive Video Can Obama keep campaign promise on Afghanistan? Pipe cleaner artist (gallery) It’s time for the second annual 'Hipster Games' And the Flushy goes to... 'Selfies' of the rich and famous (gallery) Dirtymouth!
cheap Armani Watches
discount Armani Watches
Advertisement

 


 
 Introducing: Raging Wool
150x150ad.gif

 T-shirts and Gifts for the Fiber-Obsessed

www.ragingwool.com

Polls

Which are you?
 
Webdesign auf Usedom and Joomla