e.avery
| Joined: | Tue Apr 4th, 2006 |
| Location: | Kentucky USA |
| Posts: | 2722 |
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The watch industry works on higher margins than you think, apparently. This is a luxury product not a commodity. You are buying from the "manufacturer" no middle man except for Slop that wants a small % not the typical markup. They are making more on every watch sold through Slop then they are one they sell to there dealers I believe. The margins is why they moved the contracts to China. When you are buying ETA movements 5000 at a time they get cheep, which is what ETA wants anyway. They want to sell 5000 Chinese parts ETA pieces and not the pure Swiss ETA pieces, if you watched the shows on shopathometv this Saturday the president of Jean Marcel said the same thing.
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