The Watch Gallery Reports Strong Growth as Online Luxury Watch Sales Thrive

London (ots/PRNewswire) -

Watch Gallery, the UK's leading independent retailer of luxury
watches, today announced annual like-for-like sales growth of 13% for
the year to January 31st 2016 and record sales of £63 million. Key to
the company's continuing success has been strong online sales growth
of 41%, with the web now accounting for 26% of turnover across both
the new luxury and more developed designer watch online markets.

(Photo: http://photos.prnewswire.com/prnh/20160415/355795 )

Founded in 2006 The Watch Gallery has quadrupled in size with
annual revenue growth averaging 18% per year for the past nine years,
significantly outperforming the market. The group has invested
heavily in its market-leading website http://www.thewatchgallery.com
and partnered with some of the world's most admired watch companies.
Over the last 3 years five leading brands have chosen The Watch
Gallery for their on line launches and the average transaction value
on http://www.thewatchgallery.com has grown to £2,000.

With the ability to browse over 45 luxury watch brands and in
excess of 3,500 individual watches featured,
http://www.thewatchgallery.com is seen by over 300,000 unique
visitors every month. "I can think of no luxury retail store that
has 10,000 visitors per day; most physical stores would be pleased to
have 100 customers visit daily. The key to our success is persuading
people researching on line to then go and purchase from
http://www.thewatchgallery.com. We do this by replicating our in
store luxury experience and service on the web" said David Coleridge,
Chairman. As part of this service proposition, TheWatchGallery.com
employs a team of expert watch concierges to support the customer
through the buying process.

Alongside the world leading online developments, the company has
developed some of the finest luxury and designer stores in the
country. Strategically placed and primarily in London, these service
both domestic and international clients and have succeeded by
offering an extensive choice of leading brands and impartial trusted
advice to potential buyers. An additional London concept store will
shortly be opened beside the Royal Opera House in Covent Garden where
the company will be the first to deliver a seamless multi-channel
customer proposition for the luxury watch buyer.

As a result of its performance Stonehage Fleming Advisory Limited
has been appointed to conduct a strategic review and the company is
now conducting a search for trade partners to help it further expand
its business. "We have a strong, profitable UK business with a
winning internet proposition and excellent growth prospects. We see
this as an excellent basis for international expansion and this
includes a search for a potential partner with complementary
strengths. " said Stephen Murphy, co-founder.

About The Watch Gallery

Headquartered in London, with 138 employees, The Watch Gallery
operates some of the UK's most successful luxury watch stores
including the iconic Wonder Room multi-brand watch concession in
Selfridges London, two of the largest Rolex boutiques in Europe
including Flagship One Hyde Park, Knightsbridge and the only
multi-brand luxury watch store in Westfield Shopping centre. The
Watch Gallery also manages the online luxury and designer watch
categories for some of the UK's leading generalist retailers,
including Selfridges, John Lewis and Top Shop.

ots Originaltext: The Watch Gallery
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Neville McCarthy
Dominic McCarthy
(+44-(0)-207-940-2929
dominic@nevillemccarthy.com

Louisa McCarthy
(+44-(0)-207-940-2929)
louisa@nevillemccarthy.com