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Jun 30, 2017, 06:12 AM
#1
Apparently it's possible to make money in the watch industry
Just saw this yesterday.
1 billion SEK profit for Daniel Wellington ($111,5)
http://nordic.businessinsider.com/da...-profit-2017-6
Seems not all brands are struggling. More profitable to buy cheap Asian-built watches and sell at a high markup here, than it is to develop and build something yourself...
But at least it seems people are buying watches, just not the ones we normally discuss here... Still there are stories about people starting with DW and then moving on to other things, so in my book this is a good thing.
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Post Thanks / Like - 1 Likes
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Jun 30, 2017, 10:06 AM
#2
So build a cheap fashion watch is what they are saying? And I use fashion watch as a loose term. Most of my friends own a DW.
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Jun 30, 2017, 10:17 AM
#3
Originally Posted by
Broker
So build a cheap fashion watch is what they are saying? And I use fashion watch as a loose term. Most of my friends own a DW.
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Guess it's difficult now though when DW has cornered the market.
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Jun 30, 2017, 10:27 AM
#4
Who 
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Jun 30, 2017, 10:36 AM
#5
Originally Posted by
Seriously
Who
You mean you've never seen or heard of these?
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Jun 30, 2017, 10:37 AM
#6
My friend's wife works for DW, so now a bunch of my friends have one. They look good, I can't take that away from them.
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Jun 30, 2017, 10:56 AM
#7
Originally Posted by
Raza
My friend's wife works for DW, so now a bunch of my friends have one. They look good, I can't take that away from them.
This.
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Jun 30, 2017, 11:03 AM
#8
Banned
Why is this brand disliked?
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Jun 30, 2017, 11:16 AM
#9
Apparently it's possible to make money in the watch industry
According to Watch Time the down turn is purely a Swiss thing, and in many ways due to their greed. The German watch industry has had incredible growth over the past few years while the Swiss haves seen major declines over the same time.
I've never heard of DW but will note they look like non mechanical Nomos/Stowa clones. See German watches are winning even when they are Asian.
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Last edited by Samanator; Jul 1, 2017 at 12:25 AM.
Cheers,
Michael
Tell everyone you saw it on IWL!
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Post Thanks / Like - 4 Likes
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Jun 30, 2017, 11:17 AM
#10
Originally Posted by
TJMike5150
Why is this brand disliked?
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Don't see much of it here, but on other watch sites it's mainly because they're cheap quartz I think.
I don't mind them, I wouldn't buy it since I don't want to overpay for something that they probably buy very, very cheap.
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