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According to Business Times today,
Rolex n PP want out of Sincere. I dont know when will the sales will cease at Sincere though.
Rolex n PP want out of Sincere. I dont know when will the sales will cease at Sincere though.
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Maybe Sincere was found out to be undercutting the market with extraordinary discounts to regulars.
Well, to add fuel to the fire, JLC is already out of THG, but not for the above reason. Soon, AP will also be axed from THG too."Houston, Tranquility Base here. The Eagle has landed." -
I think this is because some of these luxury brands realise that it better (for them) to work exclusively with a single retailer. With a single exclusive retailer, they will be more incline to spend on advertising versus advertising and benefiting other retailers. Stocks are also limited with some brands and so no point to have so many retailers selling. Finally they hope to also stop the price cutting among the retailers, which of course is bad for consumers like us! Lange has also moved out of THG and is now exclusive with Sincere.Comment
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Agree with the above if there are too many ADs the brand will no longer maintain the exclusive image that
they want to project and not to mention the mark ups$$$$$. Does anyone know amongst the major ADs,
THG, Sincere, Cortina ?, who is the the largest?"He could not just wear a watch. It had to be a Rolex." �Ian Fleming, Casino Royale (1953)
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There could be many different reasons for such move, including those mentioned above.
Cortina's dealership of Rolex watches was once suspended some years ago.Watches are like potato chips - You never stop at one
Never political, seldom diplomatic, always honestComment
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Actually it's best for established brands to own the boutiques themselves. Virtually no discount esp the boutiques or special versions.
they can control their pricing/margins better.
Just look at the number of JLC, IWC, Panerai boutiques opening.Comment
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It is unfortunate that Sincere will not be carrying Rolex.
However, i am wondering has this got to do with Sincere 'changing ownership'?
Fret not, there will be a new retailer (AD) coming in to sell Rolex.
Who will it be?
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disclaimer : all opinions expressed are personalComment
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I think you're right to point out that the change of ownership is possibly one of the main reasons.Originally posted by triton View Post
But if we look at the brands that Sincere is carrying...it seems to go into more "independent" brands like Dewitt, Romain Jerome, Grueubel Forsey & etc....i guess they will still be around for a while..
it's not a good thing if more brands are setting up their boutiques...means discount will be miserable and it's definitely not good for consumers.I can resist anything but temptation. - Oscar Wilde
Current collection
A.Lange & Sohne Grand Langematik
Audemars Piguet ROO
Blancpain Fifty Fathoms (Dark Knight)
De Bethune Titan Hawk (DB27)
Habring2 Pilot Time Date
Harry Winston Midnight Big Date
Hublot Aerobang Skeleton
IWC Portuguese Perpetual Calendar
Panerai 270
Patek Philippe 5711/1a
Rolex 116610LV
Vacheron Constantin OverseasComment
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Sincere no longer an AD!
Sincere is no longer allow to carry Rolex and Patek:
http://business.asiaone.com/Business...30-368646.html
Good or bad for us as a buyer? R they going to clear stock now?Comment
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There is already a thread on the exact same subject...
http://www.sg-roc.com/threads/94793-...-PP-at-SincereWatches are like potato chips - You never stop at one
Never political, seldom diplomatic, always honestComment
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I think it doesn't matter as AD is just an shop authorized to sell, but if there is any problems, we still liaise with the service center directly. If Sincere is still an AD, at least we can pass the watch and go through them as service center usually only opens on weekdays. Other than this, I don't find any good news whether they are relinquishing as AD or not. I also think they won't slash prices or clear stocks. Only thing is quite surprised! Why would Sincere give up? Rolex is a good brand and everyone knows Rolex.Comment
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OMG this is bad & sad news! One less AD means we consumers will have lesser place for discounts due to "lesser competition" among ADs. Both Rolex & PP will start to mark up their prices again soon?
Rolex owner since 2010
Previously owned:
Explorer II(216570) black dial AN serial
GMT-Master II(116710LN) AN serial
Current collection:
Datejust 36(116234) V serial
GMT-Master II(116713LN) AN serial
Upcoming/Wishlist:
"Hulk" green sub(116610LV)Comment
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All the SEs at THG at gleefully rubbing their hands
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Looks like i won't be able to get my hands on my next rollie from my AD now, since he can't promise if next shipment will hav my requested watch? Sob sob!
Rolex owner since 2010
Previously owned:
Explorer II(216570) black dial AN serial
GMT-Master II(116710LN) AN serial
Current collection:
Datejust 36(116234) V serial
GMT-Master II(116713LN) AN serial
Upcoming/Wishlist:
"Hulk" green sub(116610LV)Comment
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Rolex will never let a AD dump their stock. Bad for branding. Normally some arrangement will be made to take back stock with no lost to the AD.Originally posted by rockdaman View PostMy Current
Rolex Daytona 116515
Rolex Submariner 16610
Rolex Submariner 116610
Rolex Date 1550
IWC Spitfire Chronograph 371705
IWC Portuguese 7 Days 500107
Omega Ocean Planet 22015000
Bell & Ross Heritage BR126
Grand Seiko GMT SBGM021
Seiko Sumo SBDC001
Seiko Sumo SBDC003
Seiko Marinemaster SBDX012
Seiko Brightz SDGZ013 ChronographComment
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