UK watch sales dropped by 13.8% in November

[Notepad12]

Interesting article:

Watch sales in Great Britain recorded their worst monthly contraction since the pandemic in November.

The value of watches sold dropped by 13.8%, according to retail analyst GfK, reversing a small year-on-year rise in October.

Sales had been falling since a spring boom went into reverse in May this year and hopes of a later rally or Black Friday boost have been dashed by the latest figures.

All price segments were affected with falls of around 20% for watches priced from £1,000 all the way up to £10,000.

Sales for watches costing more than £10,000, the engine of growth this year, fell by over 8%.

London sales held up better than outside the capital, with a drop of 13.3% compared to 19.5%

Link to full article:

https://www.watchpro.com/uk-watch-sa...8-in-november/

Seems like quite a... Rapid decline?

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[996marty]

That’s some drop but to be expected I suppose

[Notepad12]

Originally Posted by 996marty

That’s some drop but to be expected I suppose

Outside of London had a 19.5% drop.

Flippers are running away or genuine watch collectors getting fed up .. shame it doesn't break down performance of each individual brand

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[Notepad12]

The graph shows interesting reading... Exports are rising while sales are falling



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[nighthawk77]

Based on other info I’ve seen, there’s only a handful of models which you could turn around for a profit so hopefully the flippers have stopped buying, maybe contributing to the downfall in sales figures…Hopefully a sign of improved availability for next year!

[colpol]

I’ve been following the price of speedmasters on resellers sites & noticed over past few months that prices going down. In Glasgow the watch shops are always empty when I walk past