Mustang
16
Symptom? Strategy? Both?
Acknowledging some of the larger issues currently facing the watch industry, I still need to agree with Raymond's "very sad".
For certain, AD's would much prefer to sell their inventories at full MSRP and like all other retailers, discount to generate revenue and inventory turnover. The clear problem for GP is their offerings do not attract a client base and requisite companion industry buzz to justify MSRP pricing. In short, timepieces mostly need to sell themselves, leaving AD's with few business options. Despite best efforts to address, this has been the decades long saga for GP.
Maybe now that Kering has taken over, GP might finally have access to the full suite of resources and clarity needed to compete? A whole or partial reset? Corporatization? Cost cutting? Market and peer analysis?
As a consumer I've noticed a major reduction in the number of AD's near my home, boutique closures, elimination of models and simplification of the lineup, introduction of a new base movement and what appears to be a serious effort to assert the new Laureato models as the face of the brand. I've also seen sales like the one noticed by Maltie - many by former AD's trying to liquidate old inventory. To me, it seems things are happening with purpose.
Curious to know others' opinions.
And it’s not a question of appeal for me because GP watches are most of them really desirable
What sounds nice to the end consumer, doesn't shed a light of confidence vs the brand(s( !.. For me not quite clear..
Symptom? Strategy? Both?
