Mike on a bike Posted July 10, 2012 Report Share Posted July 10, 2012 {Another anecdotal data point for those with an eye on the Chinese economy, Swatch Group's Chinese partner says sales growth of its luxury watches has slowed to single digits. Sales growth of low to mid-end watches remains in the "double digits."} LINK: http://www.bloomberg.com/news/2012-07-09/hengdeli-says-china-luxury-watch-sales-slowing-on-economy.html 1 Quote Link to comment Share on other sites More sharing options...
frankt Posted July 10, 2012 Report Share Posted July 10, 2012 China is "catching up" with the rest of the world........ Quote Link to comment Share on other sites More sharing options...
Mike on a bike Posted July 11, 2012 Author Report Share Posted July 11, 2012 frankt I was thinking some here might think it was our little hobby but no bites. Quote Link to comment Share on other sites More sharing options...
panerai153 Posted July 11, 2012 Report Share Posted July 11, 2012 I'm not surprised. China is still and export driven economy. When the rest of the world is hurting, sooner or later the hurt will trickle down to them. Quote Link to comment Share on other sites More sharing options...
hiker01 Posted July 11, 2012 Report Share Posted July 11, 2012 They discovered the REP world!!! Quote Link to comment Share on other sites More sharing options...
c888 Posted July 11, 2012 Report Share Posted July 11, 2012 Besides their economy, which is still growing, just not at double digit rates now. I think its the over abundance of brands now. It doesn't surprise me considering the massive increase of availability and marketing of luxury watches in China over the last few years. Its just leveling off now. Brands that are low-mid end are popping up everywhere. Some that most of us have never heard of, yet claim to be "made in swiss". There are probably more stores selling Rolex's in Beijing then all of Canada. Cartier, Breguet and even Blancpain is available at many of the 100's of giant malls there. Quote Link to comment Share on other sites More sharing options...
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