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● Watches of Switzerland Group PLC ( " the Group " ) today provides the following update relating to the 13 and the 39 weeks ending 24 January 2021 . Q3 trading remained strong despite extended period of UK store closures due to COVID - 19 Group revenue £ 272.6 million , + 6.6 % in constant currency , + 5.7 % in reported terms vs last year O Leading multi - channel business model advanced , with significant further development of the mono - brand network , ecommerce , customer relationship management ( " CRM " ) and clienteling , digital marketing Luxury watch sales continue to drive performance and in the first nine months of FY21 represent 86 % of Group revenue ( 9M FY20 : 84 % ) , with no disruption to supply experienced Higher conversion continues to more than offset lower traffic across both the UK and US UK revenue £ 186.1 million , + 1.5 % vs last year Domestic sales remain strong and continue to offset lower tourist and airport business ( 6.6 % of Group revenue ( Q3 FY20 : 22.2 % ) Very strong ecommerce sales + 121.1 % vs last year , with newly launched luxury concierge and collect service delivering robust initial results and helping to offset the impact of store closures UK stores traded 37 % of potential trading hours reflecting eight weeks of national lockdown o No disruption to supply experienced from Brexit during the initial transition period o US revenue £ 86.5 million , + 19.2 % in constant currency , + 16.0 % in reported terms vs last year Successful launch of mono - brand network with the opening of eight boutiques ( two OMEGA , three TAG Heuer , three Breitling ) , despite pandemic - related challenges ● THE WATCHES OF SWITZERLAND GROUP Continued strong growth in the US and robust UK ecommerce performance Full year guidance maintained despite UK store closures O Watches of Switzerland Group PLC Q3 FY21 Trading for the 13 weeks ( Q3 ) and 39 weeks ( 9M ) to 24 January 2021 O Mayors stores in Florida and Georgia and Watches of Switzerland stores in New York continue to see strong momentum whilst trends in Las Vegas stores moderated , due to lower domestic tourism CRM and dientelling continue to play an important role in driving business performance Ecommerce delivering according to plan following recent launch Outlook The Group maintains its guidance for FY21 despite UK market conditions having worsened since announcing H1 FY21 results on 17 December 2020 , with the national lockdown introduced in England on 26 December 2020 The Group has assumed a continued high level of uncertainty in the UK where stores are not expected to reopen until late March 2021 at the earliest ; no impact is assumed from any lockdown on US retail activities and on production in Switzerland Continued development of the mono - brand channel with five new boutiques to open in the UK : O Two mono - brand boutiques in Cardiff are expected to open immediately following the current lockdown ( TAG Heuer , Breitling ) O Three mono - brand boutiques ( OMEGA , TAG Heuer , Breitling ) are planned to open in Plymouth ( Summer 2021 )