Designer Watches Are Dead

Calvin Klein designer watches on sale

Back in the late 70′ and early 80’s, “designer watches” were a massive moneymaker. Tens of millions of consumers bought cheap quartz-powered timepieces branded Armani, Versaci, Lacoste, Gucci, Ted Baker, Ferragamo, Bruno Magli, Fendi, etc. That business has hit a brick wall. Head on. Hard. For example . . .

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June Swiss Watch Exports -35% – Coronavirus Watch 29

June Swiss watch Exports stats for 2020 overview

If not for a rebound in the Chinese market, June Swiss watch exports would have hit the proverbial basement floor. Even with the watch sales resurgence in The People’s Republic of Human Rights Abuses, the Swiss watch industry took a body blow. The monthly stats coming from the Federation of the Federation of the Swiss Watch Industry (SIHH) reveal a barely mitigated  disaster, in one area of the biz in particular . . .

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Richemont Sales Down 47% – Coronavirus Watch 28

Jaeger-leCoultre reverso woman

The Swatch Group recently released its financial report for the first quarter of 2020 As revealed in our post Swatch Profits Tank – Coronavirus Watch 27, the conglomerate claimed a quick sales recovery after the Coronageddon lockdown and a bright future ahead. Now it’s Richemont’s turn. The song remains the same. Well, the first part . . .

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Richemont Swan Dives – Coronavirus Watch 18

A Lange & Sohne - Richemont Group company

Yesterday, Watches of Switzerland revealed that it was pantsed by Coronageddon. Today, Richemont  – the world’s third largest luxury goods conglomerate – reported their progress. How goes the battle for A. Lange & Söhne, BAUME, Baume & Mercier, Cartier, Van Cleef & Arpels, IWC Schaffhausen, Jaeger Le-Coultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Montblanc and Watchfinder & Co.? There are two key takeaways . . .

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Authorized Watch Dealers: Doomed?

Jaeger LeCoultre limited edition Polaris (courtesy jaeger-lecoultre.com)

Fancy Jaeger LeCoultre’s Limited Edition blue Polaris?  You can buy it direct from Jaeger. The only requirements are . . .

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