The main competitors that are operating in the clock and watch industry in theCzechRepublicinclude companies like Casio, Citizen Holdings Company and Swiss Watch Company. Aside from this luxury watch brands like Movado, Longines, Gucci, Channel, Dior and other high end jewelry and watch brands also operate in the region.
Casio is one of the most popular watch brands for the masses in Czech Republic. The company manufactures and distributes specialized as well as high street watches in Japan,Canada, US, Europe as well as inAsia. “The company recorded revenues of JPY620,769 million (approximately $5,313.8 million) during the fiscal year ended March 2007, an increase of 7% over 2006. The operating profit of the company was JPY48,074 million (approximately $411.5 million) during fiscal year 2007, an increase of 11.5% over 2006. The net profit was JPY25,147 million (approximately $215.3 million) in fiscal year 2007, an increase of 5.9% over 2006.” (‘Casio Computer Co Ltd.’, 2007)
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