Comments on: Watch careers on the way out?

By: Stephen Noble

Stephen Noble — Wed, 03 Feb 2010 04:28:40 +0000

I’ll give you a good example. Luxottica (the parent company for Sunglass Hut, makers of half the designer brand’s lines, Oakley, Ray Ban) used to have a company called, “Watch Station.” The sole reason for its folding, and some-times integration into the local Sunglass Hut, was due to low volume sales of their product’s market, the $80-$300 brand watch. These stores were completely low to low/moderate brand watches with watch salespeople.

I agree with you though, the bulk of watches in this category are sold at entry-level jewelry stores and don’t have a designated watch person.

Just wanted to produce an example of my point though.

By: J.Peter

J.Peter — Tue, 02 Feb 2010 22:36:27 +0000

Stephen, I agree with you on the low end watches, except that there already is no such thing as a salesperson for these watches, they just get stocked on shelves. Watches which need salespersons are here to stay. Another point is that checking the time on your watch (in say a meeting or a board room) is way more subtle and accepted than pulling out your phone to check the time, because they have no idea what you are doing. With your phone you could be texting, playing tetris, or updating your facebook status, nobody knows. With your watch, you are just curious what the time is.

By: Stephen Noble

Stephen Noble — Tue, 02 Feb 2010 22:15:21 +0000

I have to agree with the article… well in part. The sales of cheap, basic watches have been on the downtrend for many years. The cell phone has a lot to do with this. However, I am sure the author of that article is referring to this common, every-day watch, not high-end timepieces that interest us.

These high-end mechanicals satisfy the customer’s wants, not needs. We don’t NEED a $7,000 Rolex to simply know what time it is. The utilitarian aspect of the watch was defeated by the quartz revolution long ago. Watches values plunged and (as many people know) mechanical based watch companies shut their doors. Their revival is, due in large part, to the customer’s demand for an expression of wealth, luxury and the respect for the recording of time in the form of functional art. Quartz doesn’t offer any of this.

We watchmakers have a bright future. If I were to be a salesman of sub $100 watches instead… well then things would not look great.

By: Prem C.

Prem C. — Tue, 02 Feb 2010 17:31:49 +0000

Hey JP, couldn’t resist the dig myself lol! Yahoo, are a bunch of ‘Yahoo’s'- Yes, the watch sales person in the U.S. is fading, but nothing to do or attributed to cellphone usage. The U.S. has seen a decline of 35-40% in Swiss watch imports from 2008 to 2009, so the big panic is of course bankruptcies and closures of some high profile buyers of Swiss made watches.
Of course, a little cat out there still tells me the High-end watch Industry is still doing particularly well and in fact their market share has increased during these difficult times!!
As far as a watchmaker’s job is concerned, Switzerland jobs still offer, despite the downturn, superb jobs for watchmakers- with higher than normal salaires expected for 2010 over 2009, and 2008. So, yes, it is a great idea to stick with the watchmaking Jp!!
best regards from Victoria B.C.
Prem C.

By: Robert

Robert — Tue, 02 Feb 2010 17:22:04 +0000

Yahoo is still around?. I thought they were on the way our.