"Savvy buyers looking for value—and availability—will quickly pivot to secondhand," one Rolex watch dealer told Fortune.

Leicster-based luxury good retailer Watches of Switzerland is set to close 16 of its showrooms, with 40 jobs at risk. The retailer told BBC News that it was unsure which sites will shut.

Luxury watches retailer Watches of Switzerland has announced the impending closure of 16 of its showrooms in the UK, placing several positions in jeopardy, according to a report from the BBC.

Peel Hunt downgraded its target price for Watches of Switzerland by a fifth A City broker has downgraded its price target for Watches of Switzerland by a fifth, citing lower spending and higher ...

Watches of Switzerland, with operations spanning the UK, US, and parts of Europe, is no exception. The company relies on importing luxury watches from Switzerland and other European countries ...