[Watch News]- Will PP's price slash brings positive effect?

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Ed.YEO
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[Watch News]- Will PP's price slash brings positive effect?

Post by Ed.YEO » 12 Feb 2015 09:43

瑞士名錶反高潮!
Switzerland's famous label going against the tide!

上月中瑞士宣佈與歐元「脫鈎」、觸發瑞郎大幅升值,市場原本憧憬本港瑞士錶快將加價。誰知名錶界的「一哥」百達翡麗(Patek Philippe、PP)前晚卻突然宣佈大幅減價,香港零售價減幅最多達22%,昨日生效。有本港鐘錶界人士形容消息「震撼」,擔心會引發其他奢侈品品牌效法,令本港名牌零售商的生意更難做。
When Switzerland announced their "de-link" of Swiss Francs with Euro last month, it caused an effect of appreciation on Swiss Francs, made the market anticipating on the rise of the selling price of Swiss Watches. Unexpectedly, the leading "elder brother" in the World of Swiss Watch, Patek Philippe, made a shocking announcement the night before, that they will slash their selling price by a big percentage in HongKong market up to 22%, with effect from yesterday. Folks in HongKong's Watch Industry describe this news as "Shocking", worrying that such unexpected move will encourage other luxury brands to follow, which may eventually make it hard for HongKong's Luxury Goods retail business much harder to operate.

水貨客傷亡慘重
Parallel importers and Buyers suffered bigger losses.

據悉PP昨日減價後,在港行貨價已較水貨即時平約一成,故水貨客今次可謂「傷亡慘重」。
PP每年全球產量僅約五萬隻,貨量甚少,故一般要預約才有售。有代理指去年因內地打貪,PP在港的生意亦受影響:「去貨唔係問題,而係個價hold唔住,以前唔駛減都有人買,去年開始就一定要用盡個10%折扣」。
To our knowledge, when PP's price slash took effect yesterday, HongKong's agent pricing falls about 10% to parallel imported prices. Past buyers of parrallel stocks "suffers a great deal of losses" due to such price cuts. PP's annual production volume is roughly about 50000pc, supplies could be much lesser. Hence, the watches are only available for purchase thru special arrangements to buyers. According to a dealer, due to Mainland government diligence in anticorruption, some traders in HK dealing with PP products suffered negative effects with their business, "It is not a problem in selling off of goods, it's the retail price it hold does. In the past, without the need to give higher discounts, interested individuals will still buy it. And since last year, we were told to give full discounts of 10% maximum without doubt."

他表示,名錶和一般消費品不同,減價未必可催谷銷情,反而PP是次舉動會打擊消費者對品牌長遠可保值的信心,是一個「壞的訊號」。另一間鐘錶商管理層則擔心,在「一哥」PP減價後,其他名錶牌子只好被迫「跟風」:「江詩丹頓原本平PP一成左右,𠵱家PP減,你話佢地會點」?
He also adds that, Luxury labelled timepiece are much different from the common consumer grades, it is not necessary to give high discounts to maintain sales. In contrast, PP's move this time could hit hard on the confidence on consumers' trusts that the brand can hold it's value in long period of time, it is a "bad sign". Another higher excutive in horology trade worries, that after "the elder one" PP cut its price, other luxury labels in the market will "be forced" to follow "the trend". "V.Contantine is already 10% lower than PP. And with PP's price cut, what will you be anticipating from them?"

太子珠寶鐘錶主席鄧鉅明表示,公司沒有代理PP,不便評論他們的定價策略,截至昨日未見有其他名錶品牌價格有異動。他認為,PP在鐘錶界向來較「獨行」,其他牌子未必會跟隨其「積極的作風」:「Richemont、Swatch及LV已控制了全球名錶差唔多80%市場,佢哋定價策略會穩定啲,我就唔太擔心」。
According to the chairman PRINCE Jewels and Timepiece HK, since the company is not an appointed distributor of PP, it's not right for them to discuss on PP's new pricing strategy. Up until yesterday, they have not odd effects on other labels pricing. He believes that other luxury labels in the market may not follow the price cutting trend lead by PP, as PP had been an independent "Lone Ranger". "Richemont, Swatch and LV Groups had major control of roughly 80% market around the globe, their pricing strategy will be very stable. I am not worried."

Sauce...
http://hk.apple.nextmedia.com/financees ... 1/19037546" onclick="window.open(this.href);return false;

Latest price of PPs in HongKong market...
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ivan
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Re: [Watch News]- Will PP's price slash brings positive effe

Post by ivan » 12 Feb 2015 10:59

MTL
seiko siao
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Re: [Watch News]- Will PP's price slash brings positive effe

Post by seiko siao » 12 Feb 2015 11:10

ivan wrote:MTL
恭喜恭喜恭喜你啊,恭喜恭喜恭喜你。
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IWC IW377709 or IW377719
Panerai PAM 111
Seiko MM300 SDBX001 or SBDX012
Tudor Blackbay Bronze 79250BM
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Longines Legend Diver L3.674.4.50.0
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ivan
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Re: [Watch News]- Will PP's price slash brings positive effe

Post by ivan » 12 Feb 2015 11:48

seiko siao wrote:
ivan wrote:MTL
恭喜恭喜恭喜你啊,恭喜恭喜恭喜你。
恭喜你too
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balzebub71
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Re: [Watch News]- Will PP's price slash brings positive effe

Post by balzebub71 » 13 Feb 2015 11:49

Read somewhere the effective price decrease in Singapore for PP will be 3% nia? Haiz even with 22% decrease also cannot afford the model i like..
I want to be a one watch guy!!
Ed.YEO
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Re: [Watch News]- Will PP's price slash brings positive effe

Post by Ed.YEO » 13 Feb 2015 12:10

According to the discussion in WUS, somebody read in one of the "local SG" forum mentioning that PP SG will be 15%... how true is that iam still trying to find out that discussion thread by googling... last nite's reading and searching in SG-ROC yields no result... Tonite maybe go to HWZ...
yan sang yew guo dak fai lok, zao yew dui yan hor see zou luo jik xing geh fan sik yu goon cha, ng hai zou yoo chun mong mok dek pan duun... yoo guo yi liong din doh mou geh wa, yat gor yan geh yat sang zao guo dak gey pok gai loh...
andresdiazgar.ad

Re: [Watch News]- Will PP's price slash brings positive effe

Post by andresdiazgar.ad » 28 Feb 2015 00:27

Puede ser en Español?

Enviado desde mi GT-S7390 mediante Tapatalk
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roo7
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Re: [Watch News]- Will PP's price slash brings positive effe

Post by roo7 » 01 Mar 2015 13:32

andresdiazgar.ad wrote:Puede ser en Español?

Enviado desde mi GT-S7390 mediante Tapatalk
Hi, not sure how we can help you, this is a Singapore / English speaking forum.
Not as active.
blog: https://jiehong.org/
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