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12 February 2023, 04:11 AM | #31 | |
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12 February 2023, 04:12 AM | #32 |
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Slowing jewelry sales? That means people are less willing to buy marked up diamonds when building the coveted AD Relationship.
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12 February 2023, 04:18 AM | #33 |
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Doesn’t matter how good sales are if the company isn’t making sound financial decisions. And right now, I wouldn’t be betting on the opening of more and more retail locations with zero ability to scale, sometimes selling items of questionable desirability. Also, if the idea of “bundling” resonates with analysts, they’ll be left wondering about the “mono-brand” boutique strategy when those boutiques don’t sell the most desirable.
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12 February 2023, 04:33 AM | #34 |
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Other than ROLEX, Patek and maybe.....maybe Omega / Cartier...the rest of WOS offerings are relatively soft and weak brands @ retail..that includes a weakening GS in their portfolio. GS got off to a hot start with WOS, but it has cooled off dramatically according to local SA's I have personally interrogated.
So, perhaps WOS expected the ROLEX tide to continue to lift sales of all their offerings..but at the end of the day, soft brands are soft brands and they will certainly be the first to feel the sales slump as the general public buyers really don't want watches that lose value (they equate it to "junk").... |
12 February 2023, 04:35 AM | #35 | |
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12 February 2023, 04:40 AM | #36 | |
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But you’re academy right, and that is why a stand-alone TAG or Breitling store is a stupid idea. Absolutely no opportunities to bundle, nor start a “relationship” of the kind many do. Result will be idle inventory, deep discounts, and steep rent. Investors and analysts (many of whom are also probably buyers of expensive watches and have firsthand experience) are going to figure this out. |
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12 February 2023, 04:51 AM | #37 | |
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https://www.watchesofswitzerland.com/c/Brands But yeah, I think these execs just thought that all their offered brands would just continue to rise in sales as people just bought any watch because of the ROLEX unavailability...but that was all a mirage and the first of the segment to fall as people really don't want those brands and when the SHTF as projected, they will be cast aside as toxic poison. Then all the nasty markdowns and clearance cases will pop up further ruining those brands....meanwhile Rolex will keep on keeping on. |
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12 February 2023, 05:36 AM | #38 | |
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Think there was also a miscalculation about the purchase of other brands: people weren’t doing it because of no Rolex but because it was the path to Rolex. But, a location without Rolex and… Applies Patek, some VC, for the record. There’s also the question of how well they have been able to operate Mayors, which isn’t just watches. |
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12 February 2023, 05:43 AM | #39 | |
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12 February 2023, 05:45 AM | #40 | |
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12 February 2023, 06:07 AM | #41 |
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Imho, longterm we're very well ahead of where things were only a few decades ago. Yes the rate of growth will / is / may be slowing a bit, yet on 'the grand scale' the demand for mechanical watches is very good. From entry-level and mid-range to horological art is still healthy. Especially compared to the 1980s, or 1997, and of course 2008... mmmaybe 2024.
As for WoS, they offer more than just PP and Rolex and... They opened an MB&F Gallerie in London (need one in Miami hint hint), they stock Jacob & Co (their sales are very much on the rise), Moser, Omega (didn't see anyone mention Omega), Armin Strom, Bell & Ross, IWC, Panerai... and many others. https://www.watchesofswitzerland.com/c/Brands Long term I feel the health and love of horology will continue to grow. But yes, dips along the way. WoS is securing prized locations while also expanding to be well-positioned for the next wave up. Tho yes, think the massive growth RATE has slowed its' pace, but we're good. jmho ymmv
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__________________ ----> Was Great Seeing Everyone At The TRF December 9 Tampa Meetup <---- https://www.rolexforums.com/showthread.php?t=968133 Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
12 February 2023, 07:28 AM | #42 |
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12 February 2023, 12:13 PM | #43 |
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Fair enough, yet long-term we'll have another leg up (higher highs). jmho
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__________________ ----> Was Great Seeing Everyone At The TRF December 9 Tampa Meetup <---- https://www.rolexforums.com/showthread.php?t=968133 Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
12 February 2023, 12:24 PM | #44 |
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Can someone explain to a Dorklehead about all matters economical and financial….
What does this all mean? The watch industry is headed for a recession? |
12 February 2023, 01:42 PM | #45 | |
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https://www.newyorkfed.org/microeconomics/hhdc |
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