WatchProSite|Market|Digest

Jaeger-LeCoultre

Oh, he knows.

 

He's all about playing JLC's strengths. And he did that fairly quite well. The problem is that it's hard to market your strengths. And the brand has been pushed so upmarket that we're in a space where they're in the right price zone, but at a zone where the average buyer hasn't understood diminishing marginal returns. Say you're a Tudor owner of a $4,000 steel Tudor, and you want to buy a $8000 steel JLC. The JLC is twice as much money, but not twice as much watch in most people's eyes. And this buyer at this level is not usually aware that there are decreasing marginal returns. A lot of difficulties. JLC used to really educate their clients with their catalogue. Especially in the 90s when they would show excerpts about individuals who worked at the firm. Now, they've stopped that and the retail salespeople can't do a great job.

  login to reply
💰1866 Marketplace Listings for Rolex