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2013: lower sales and consolidation

Like the top fashion brands that have stopped opening new stores and have plans to refurbish existing ones, the watch sector is starting a period of consolidation at a time that we certainly see as an opportunity for them. Over the past five to eight years, watch brands in China have increased their footprint by combining own store expansion with that of their distribution partners that has resulted in great success in terms of both sales and brand awareness…..

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