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JJ Irani · 4 April 2009, 03:21 AM

Hi guys,

Just wondering if Rolex ever hit a financial "bad patch" in their entire reign as some other watch companies may have?

And the first tosser who interprets that as "bald patch" gets banned!!

Cheers - JJ

TheVTCGuy · 4 April 2009, 03:23 AM

Good Question JJ, I would submit they're going through one right now! I have no numbers to back me up or anything, just a feeling though...

P.S. All those Tossers are just jealous of your good looks JJ!!

pz93c · 4 April 2009, 03:48 AM

I would assume the quartz revolution put them on some rocky soil, but I don't know.

Quote:

Originally Posted by TheVTCGuy

All those Tossers are just jealous of your good looks JJ!!

You suck up, you.

JJ Irani · 4 April 2009, 03:52 AM

Quote:

Originally Posted by pz93c

I would assume the quartz revolution put them on some rocky soil, but I don't know.

I think Rolex were "forced" to introduce their famous OYSTERQUARTZ line-up in 1978 at the height of the quartz revolution in order to compete with the tremendous and sudden influx of quartz watches from Japan.

The line never did really take off in most countries, but did thriving business in the Middle East, especially places like Kuwait, Saudi Arabia, Dubai, Iran, Iraq and the like.

It was the first watch with a 11-jeweled quartz-linked motor driven mechanism and is still considered by many to be one of the best quartz watches ever produced.

JJ

seantk · 4 April 2009, 04:04 AM

There was a recent thread which stated that Rolex may have lost $900M in the recent Madoff Ponzi scandal

http://www.rolexforums.com/showthread.php?t=73657

I am sure there have been times in the past where Rolex has experienced a slow period due to the an economic downturn. It would be interesting to know

Sean

argee1977 · 4 April 2009, 04:16 AM

I dare say they've had bad times through the years, and the current climate won't be the best for them, especially with the price rises they're putting onto their range. I still can't believe how they've let this year go the way it has, with the price rises, the poor Basel showing and the way they continue their stringent policies, it's not the best way of setting out for quite possibly the worst year for luxury goods since records began!

SLS · 4 April 2009, 04:17 AM

I'll second the quartz/digital revolution! A lot of companies went under because of it.
~Scott

Alcan · 4 April 2009, 05:51 AM

Quote:

Originally Posted by JJ Irani

And the first tosser who interprets that as "bald patch" gets banned!!

Hi JJ, how you doing?

valentine · 4 April 2009, 06:07 AM

JJ....I was just informed by my watchmaker that RSC NY just went to being open only 4 days a week....and that sales and service are so soft they may even consider three days!

SirLoki · 4 April 2009, 07:26 AM

Quote:

Originally Posted by valentine

JJ....I was just informed by my watchmaker that RSC NY just went to being open only 4 days a week....and that sales and service are so soft they may even consider three days!

ouch

Spark · 4 April 2009, 07:33 AM

Quote:

Originally Posted by valentine

JJ....I was just informed by my watchmaker that RSC NY just went to being open only 4 days a week....and that sales and service are so soft they may even consider three days!

I don't think Rolex UK are having that problem I just got a watch of mine back today they have had since December 10th

cwru32 · 4 April 2009, 07:59 AM

quartz should become standard or atleast an option. no point to pay top $$ and have 4 - 6 sec error a day on your certified watch!! with money the company would save, they can add more gold n diamond to the watch with the same price ;o. can someone start a petition titled we want quartz...

karmatp · 4 April 2009, 10:13 AM

Quote:

Originally Posted by cwru32

quartz should become standard or atleast an option. no point to pay top $$ and have 4 - 6 sec error a day on your certified watch!! with money the company would save, they can add more gold n diamond to the watch with the same price ;o. can someone start a petition titled we want quartz...

OMG, this is the worst idea I have ever heard. It goes against everything I love about Rolex sport watches. I hate batteries, gold, diamonds and bling. Madness, complete madness.

ROLEX MAN · 4 April 2009, 01:06 PM

I really think they had a rough time in the 70's when Quartz watches were the rage!

MrRetep · 4 April 2009, 01:08 PM

Quote:

Originally Posted by cwru32

quartz should become standard or atleast an option. no point to pay top $$ and have 4 - 6 sec error a day on your certified watch!! with money the company would save, they can add more gold n diamond to the watch with the same price ;o. can someone start a petition titled we want quartz...

i think not sir!

No tick tock could ever replace the awesome smoothy seconds of an automatic

Watchdog · 4 April 2009, 01:49 PM

Yes. Right now.

John685 · 4 April 2009, 02:01 PM

Quote:

Originally Posted by valentine

JJ....I was just informed by my watchmaker that RSC NY just went to being open only 4 days a week....and that sales and service are so soft they may even consider three days!

That ties in with what my AD told me about Dallas RSC laying off 30 employees. It looks like Rolex is hurting just like everyone else!

alant · 4 April 2009, 03:50 PM

I bet they have got a massive reserve to survive any financial crisis.....

They could always flog some watches on Ebay... haha

rajurama · 5 April 2009, 02:55 AM

im sure most ADs are reporting slow sales... so we can say the after the 1930s depression, this period also could be trying , however im sure Rolex has a massive reserve to sustain the recession...

rajurama · 5 April 2009, 02:56 AM

im sure most ADs are reporting slow sales... so we can say the after the 1930s depression, this period also could be trying , however im sure Rolex has a massive reserve to sustain the recession...

Jimbits76 · 5 April 2009, 03:11 AM

Quote:

Originally Posted by Spark

I don't think Rolex UK are having that problem I just got a watch of mine back today they have had since December 10th

My watchmaker has had my 57 OD since Feb 08...he's had to go full time again just to deal with the amount of vintage Rolex services!!!!!!!!!!!!

J

4 April 2009, 03:21 AM	#1
JJ Irani Fondly Remembered Join Date: May 2005 Real Name: JJ Location: Auckland, NZ Watch: ALL SOLD!! Posts: 74,319	Has Rolex ever hit a "bad patch"? Hi guys, Just wondering if Rolex ever hit a financial "bad patch" in their entire reign as some other watch companies may have? And the first tosser who interprets that as "bald patch" gets banned!! Cheers - JJ __________________ Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!!

4 April 2009, 04:04 AM	#5
seantk "TRF" Member Join Date: Dec 2007 Real Name: Sean Location: West Florida Posts: 2,671	There was a recent thread which stated that Rolex may have lost $900M in the recent Madoff Ponzi scandal http://www.rolexforums.com/showthread.php?t=73657 I am sure there have been times in the past where Rolex has experienced a slow period due to the an economic downturn. It would be interesting to know Sean __________________ "Life is frittered away with detail... simplify, simplify!" Henry D. Thoreau

4 April 2009, 04:16 AM	#6
argee1977 "TRF" Member Join Date: Oct 2008 Real Name: Ryan Location: England Watch: AP ROC Posts: 1,462	I dare say they've had bad times through the years, and the current climate won't be the best for them, especially with the price rises they're putting onto their range. I still can't believe how they've let this year go the way it has, with the price rises, the poor Basel showing and the way they continue their stringent policies, it's not the best way of setting out for quite possibly the worst year for luxury goods since records began! __________________ PANERAI, MORE THAN A WATCH, LESS THAN A KITKAT

4 April 2009, 04:17 AM	#7
SLS "TRF" Member Join Date: Aug 2006 Real Name: Scott Location: GMT -7 Watch: GMT's & Sub's Posts: 10,401	I'll second the quartz/digital revolution! A lot of companies went under because of it. ~Scott __________________ "The bitterness of poor quality remains long after the sweetness of lower price is forgotten." -Benjamin Franklin Member No. 922

4 April 2009, 07:59 AM	#12
cwru32 "TRF" Member Join Date: Aug 2008 Location: Edmonton Watch: GMT IIC TT Posts: 443	quartz should become standard or atleast an option. no point to pay top $$ and have 4 - 6 sec error a day on your certified watch!! with money the company would save, they can add more gold n diamond to the watch with the same price ;o. can someone start a petition titled we want quartz... __________________ بدست من امروز جز این قلم نیست، باری خدمتی میکنم ـ ابوالفضل بیهقی

4 April 2009, 03:23 AM	#2
TheVTCGuy Banned Join Date: Jul 2008 Real Name: Paul Location: San Diego Watch: 126619LB Posts: 21,540	Good Question JJ, I would submit they're going through one right now! I have no numbers to back me up or anything, just a feeling though... P.S. All those Tossers are just jealous of your good looks JJ!!

4 April 2009, 06:07 AM	#9
valentine Banned Join Date: Jul 2008 Real Name: Justin Location: Baltimore, MD Watch: TT Diamond DJ Posts: 2,809	JJ....I was just informed by my watchmaker that RSC NY just went to being open only 4 days a week....and that sales and service are so soft they may even consider three days!

4 April 2009, 01:06 PM	#14
ROLEX MAN 2024 SubLV41 Pledge Member Join Date: Jan 2008 Real Name: Martin Location: Home and Away Watch: you? "YES PLEASE"! Posts: 3,714	I really think they had a rough time in the 70's when Quartz watches were the rage! __________________ *it's not just about telling the time...* *happy rolexing...* I'm just a man with a passion

4 April 2009, 01:49 PM	#16
Watchdog "TRF" Member Join Date: Feb 2009 Real Name: Junkyard Dog Location: The Doghouse Watch: I can't tell time Posts: 6,816	Yes. Right now.

4 April 2009, 03:50 PM	#18
alant "TRF" Member Join Date: Jan 2009 Real Name: Alan Location: Netherlands Watch: Submariner Date Posts: 238	I bet they have got a massive reserve to survive any financial crisis..... They could always flog some watches on Ebay... haha

5 April 2009, 02:55 AM	#19
rajurama "TRF" Member Join Date: Oct 2008 Real Name: Rick Location: Wakanda Watch: amacallit Posts: 2,088	im sure most ADs are reporting slow sales... so we can say the after the 1930s depression, this period also could be trying , however im sure Rolex has a massive reserve to sustain the recession...

5 April 2009, 02:56 AM	#20
rajurama "TRF" Member Join Date: Oct 2008 Real Name: Rick Location: Wakanda Watch: amacallit Posts: 2,088	im sure most ADs are reporting slow sales... so we can say the after the 1930s depression, this period also could be trying , however im sure Rolex has a massive reserve to sustain the recession...

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