How to Keep Time in the Booming Watch Market for a Successful Future?

Revenue in the Watches segment (timepieces) amounts to US$66.07bn in 2022. The market is projected to grow annually by 6.90% (CAGR 2022-2026). In 2022, 44% of sales in the Watches segment will be attributable to Luxury wrist watch segment. In global comparison, Asia Pacific is the fast growing market for timepieces.

Several lifestyle retailers in Asia Pacific, India and the Middle East have been adopting ETP Omni-channel Retail Software Solutions for efficiently running their timepieces business due to the specific and relevant benefits that ETP offers to the timepieces vertical.

Learn how ETP is doing this: https://www.etpgroup.com/industries/timepieces/

Business Benefits:

Capture additional attributes such dial size and strap material
Avoid fake inventory by tracking barcodes/serial nos. as well as warranty cards
Track customer buying behavior to enable cross-selling/up-selling across categories/brands/accessories of interest
Facilitate easy co-ordination with vendors and inventory tracking
Manage product, price and promotions across multiple retail channels
Enable in-store mobility with a secure Mobile POS to service customers or setup small store formats
Capture shop-in-shop sales for daily sales analysis and regular replenishments based on sell-throughs
Use ‘endless isle’ function to service orders based on nearby stores’ inventory and reduce lost sales
Have a single customer ID across all retail channels for registered customers and enable unified loyalty management
Fulfill online/e-commerce orders from store inventory and allow for any store returns for both in-store and online purchases

What is 5 x 8 ?

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ETP Group is a leading Unified Commerce Software company, with a 36 year track record of delivering enterprise class retail technology solutions. Market leading retailers in Asia Pacific use ETP across hundreds of thousands of employees, over 500 brands and across 24 countries.

ETP’s comprehensive AI powered solution suites, ETP Unify and Ordazzle, encompass a broad spectrum of e-commerce and retail functionality, from POS, CRM, OMS, PIM, Unified Inventory to Unified promotions, Logistics management and seamless integration with marketplaces and e-commerce platforms. ETP’s Unified Commerce Retail Platforms creates a frictionless and consistent shopping experience for consumers across all channels, wherever, whenever, and however they choose to shop.

ETP’s strength lies in its ability to provide robust and innovative retail solutions built with the most scalable and secure technology, MACH architecture and beautiful UI design. ETP’s “asset-light” solutions minimise IT administrative costs, enabling businesses to focus on growth and strategic initiatives.