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Wristwatch sellers predict industry's end
Watch companies and retailers said the business seems to be on its way out as more and more consumers gets their time updates from cell phones and computer desktops, the Pittsburgh Tribune-Review reported Tuesday.
"The business seems to be dying out," said Derek Molnor, owner of Derek Molnor Vintage Watches in New Kensington, Pa. "Twenty years ago, there were a lot more watches around and a lot more interest in it. People are moving on."
While sales of higher-end wristwatches, including Rolexes, seem to have remained consistant, falling sales have led companies including Timex and Fossil to begin phasing out their watch production in favor of sunglasses and other accessories, the Tribune-Review reported.
"You can't make enough on watches to stay alive," Buschek said. "Yes, you're going to see the disappearance of wristwatches."
Copyright 2008 by United Press International
This news arrived on: 08/13/2008
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Posted Comments:
08-16-2008 11:43
jayce wrote:
Wristwatch sellers predict industry's end
Perhaps if they found out what potential buyers want, and market those, they might retain their business longer.
Personally I prefer a watch with a metal expanding bracelet type 'strap' - I've managed to find just one in the last ten years. And that was a Timex watch, the last of the model available.
All the rest are either the leather, or cloth, strap type or the "security clasp" type, neither of which I find comfortable because I can't move the watch about on my wrist to a higher or lower position depending on the work that I'm doing at the time.
On the other hand, it's not very easy to get time updates from "cell phones and computer desktops" when you're out walking the dog or out driving!
Personally I prefer a watch with a metal expanding bracelet type 'strap' - I've managed to find just one in the last ten years. And that was a Timex watch, the last of the model available.
All the rest are either the leather, or cloth, strap type or the "security clasp" type, neither of which I find comfortable because I can't move the watch about on my wrist to a higher or lower position depending on the work that I'm doing at the time.
On the other hand, it's not very easy to get time updates from "cell phones and computer desktops" when you're out walking the dog or out driving!
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