ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
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19 January 2024, 07:13 PM | #1 |
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“Revenue for the company’s financial year is now expected to be between £1.53bn and £1.55bn, down from previous guidance of £1.65bn to £1.7bn”
Oh god, how are they going to feed their families and sleep at night? |
19 January 2024, 07:14 PM | #2 |
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Almost there boys! Almost back to pre covid days!
LETS GOOOO!!!!!!! Sent from my iPhone using Tapatalk |
19 January 2024, 11:26 PM | #3 |
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What does this mean for the average rolex buyer, if anything?
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19 January 2024, 11:28 PM | #4 | |
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Quote:
Must mean more SS models are being shipped, and less PM models are being shipped Sent from my Pixel 7 Pro using Tapatalk |
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19 January 2024, 11:56 PM | #5 |
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It is consistent with general slowdown in luxury spending. PM pieces are slowing because less demand for higher $ items…
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20 January 2024, 12:17 AM | #6 |
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The raw data for the article comes from the WOS financial report.
You find those on WOS shareholder page. https://www.thewosgroupplc.com/investors/ As for the claim made by WOS in re: Rolex shipments and SS v. TT mix, that raw data isn’t available outside Rolex. Sent from my iPhone using Tapatalk Pro
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Does anyone really know what time it is? |
20 January 2024, 12:29 AM | #7 | |
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Quote:
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Datejust w/black Tapestry dial (1985) / Daytona (2016) |
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20 January 2024, 01:30 AM | #8 | |
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Quote:
https://www.thewosgroupplc.com/media...port-final.pdf There's A LOT to digest in the PDF too. Untitled-1.gif
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
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20 January 2024, 12:30 AM | #9 |
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So Rolex is sending too many steel watches…..
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20 January 2024, 03:34 AM | #10 |
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20 January 2024, 06:41 AM | #11 |
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If the demand for PM pieces is so high and they're not getting enough of them why they are selling at or below MSRP on the secondary market? Rolex must know something to shift the production to stainless.
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20 January 2024, 08:03 AM | #12 |
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It is the opposite - insufficient PM demand and excess SS demand. So they have shifted. Of course SS has lower margins / lower revenue for everyone so it is bad news…
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20 January 2024, 02:34 PM | #13 | |
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Historically PM were seldom the watches most customers had as a first choice. Just because the business had a good year/s from an anomaly in the sales of PM pieces, it should not translate to the business depending on that into the future. But I understand it is enticing to look ahead and start counting chickens…
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20 January 2024, 09:51 PM | #14 | |
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Quote:
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20 January 2024, 03:14 PM | #15 |
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They carry too many brands that don't sell. They don't discount so they have no chance of selling all the dust bunnies they are stuck with. They are burdened with far, far too much toxic stock. Cases stuffed with Grand Seiko, Breitling, Panerai, Omega, IWC....that nobody wants..especially at full retail.
I can go to any Mayors and see the same watches from the aforementioned brands in the exact same place in the display for months and months. Some Panerai even had dust on them...in the case! |
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