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Old 3 June 2012, 06:46 AM   #1
jmsrolls
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The price increase game
Omega is raising prices July 1st in "anticipation of the Summer Olympics and the upcoming Bond movie release".

Omega would not want anyone to think it is copying Rolex.

Fr. John†
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Old 3 June 2012, 06:48 AM   #2
nauticajoe
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Thanks for the heads-up Fr. John.
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Old 3 June 2012, 06:52 AM   #3
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ughhh :(
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Old 3 June 2012, 06:54 AM   #4
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Not surprised
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Old 3 June 2012, 06:56 AM   #5
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It must be that time of year again.

I wonder who's next?
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Old 3 June 2012, 07:00 AM   #6
DG123
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I've never purchased an Omega watch. My assumption is that Omega AD's discount the brand 20% -30%, so MSRP is not true pricing. Is my assumption correct ?
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Old 3 June 2012, 11:41 AM   #7
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I've never purchased an Omega watch. My assumption is that Omega AD's discount the brand 20% -30%, so MSRP is not true pricing. Is my assumption correct ?
That is the way it used to work. My understanding is approximately three years ago Omega started tightening the holes where watches were going out the back door of the dealers. Like Rolex they started closing distributors and increased prices; driving up exclusivity and demand. The days of the 30% discount from an AD are gone.
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Old 3 June 2012, 12:23 PM   #8
DG123
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I hear you. But , Rolex brand is in the enviable position of dictating how, where, and at what price its products are retailed. Rolex is that strong of a brand.
Other brands aspire to have that power, but are unlikely to ever have it.
I know little about Omega's position within the industry, so the above comments are "general" rather than specific to Omega.

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That is the way it used to work. My understanding is approximately three years ago Omega started tightening the holes where watches were going out the back door of the dealers. Like Rolex they started closing distributors and increased prices; driving up exclusivity and demand. The days of the 30% discount from an AD are gone.
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Old 3 June 2012, 01:16 PM   #9
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Eventually everything goes up faster than salary increase
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Old 3 June 2012, 01:38 PM   #10
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Eventually everything goes up faster than salary increase
Thats the truth, Ive not worked in over 6 years and my salary is 0
At least gas is going down a little
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Old 3 June 2012, 07:00 AM   #11
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It must be that time of year again.

I wonder who's next?
All of them!
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Old 3 June 2012, 07:02 AM   #12
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All of them!
I know, I know.
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Old 3 June 2012, 07:02 AM   #13
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Geez i need to go get my speedy pro at 25% off at my AD asap!
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Old 3 June 2012, 07:26 AM   #14
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Old 3 June 2012, 09:22 AM   #15
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Quote:
Originally Posted by jmsrolls View Post
Omega is raising prices July 1st in "anticipation of the Summer Olympics and the upcoming Bond movie release".

Omega would not want anyone to think it is copying Rolex.

Fr. John†
Is this confirmed for the US? I saw a European AD confirmed it on WUS but he wasn't sure if it was happening outside of Europe.
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Old 3 June 2012, 09:28 AM   #16
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Originally Posted by jmsrolls View Post
Omega is raising prices July 1st in "anticipation of the Summer Olympics and the upcoming Bond movie release".

Omega would not want anyone to think it is copying Rolex.

Fr. John†
Must be a coincidence.
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Old 3 June 2012, 09:36 AM   #17
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Must be a coincidence.
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Old 3 June 2012, 11:43 AM   #18
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luckily that I already grab my PO before this price increases
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