swiss watch exports continue their steep decline March 2016
Swiss watch exports have touched a new low. Exports for March 2016 to HongKong have declined 37% compared with March 2015 while USA registered a 33% decline and China dropping by 13%. Regds
Opportunity to add to the collection?
should this accompany by a downward price adjustment...
A price adjustment will be one if the adaptive actions
Watch manufacturers will now need to provide better value to customers to stay alive. It will not be a simple pricing reduction exercise but will require manufacturers to improve customer experience by faster service time wrt repairs; extended warranty te...
The demand has been lacklustre for more than 8 qtrs now...but instead of discounting...
...they went asinine with the mark-ups to maintain their bottom lines. All commodities used in manufacturing were/are still at bottom lows in a decade but those were never passed through. Having made a lot of money in past 7-8 years with that skewed prici...
The big question is:
Is this just temporary or is the tide changing? Why didn't this collapse happen starting from 2009? The global economy is not in such a bad stage that it would explain alone the changes. Perhaps fine, insanely priced high end watches are going out of fash...
The possibility of going out of fashion is an interesting idea. If so, then where do those dollars go. I also wonder if a surge in sales came from non purist types who are now a saturated market. The people
who were somehow able to stop buying after their first nautilus or GMT. And that would be consistent with a fashion trend involving people outside the core aficionados. The demand arose and now it\'s subsided. The other interesting thing is that this decl...
The change is constant
and it seems to me that the watch manufacturers are trying to manage the changing environment with the old medicine. Best, Kari
I have noticed how plenty are the "difficult to source" watches
at most ADs. Yet, I hear the same from all of them: "You will hardly see this one around, we only get one of these a year". You go to the next one on the same road in London, the same high end watch is on the display. In fact one AD told me he had two of ...
They do not give discounts on Ferrari.
That's what they say. I got 10% off from the price of the car, same on equipment. The discount percentage of my Porsche 911 was 15% but that was very exceptional. Both from AD. I'm sure the same will happen with watches. The margins are much bigger there ...
Same experience here
I was in Taipei about two months ago and the AD has a Daytona SS in stock, which hasn't happen in the past ten years. Yet they still demand a premium on that in stock watch. Love that watch but I work too hard for my money.
As Kari says, the margins for profit are large so they should give a good discount
If I didn't have to work for my money, I might pay the full price but as it is I find it hard to justify letting go of my hard earned cash so easily.