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mfer · 3 July 2008, 06:12 AM

Well, I just called a local AD here in my town to check on their GMT II inventory. Turns out, they are no longer and AD. Wonder if the economy is doing that bad or what!?!?

One less place to shop...

PeterT · 3 July 2008, 06:15 AM

Yes the place I picked up my GMT II last month is now all boarded up according to my wife.
I can't understand it as they were named as Rolex branch of the year for 2007 in their chain of shops.

PeterT

RW16610 · 3 July 2008, 06:22 AM

Wow that is a true shame. Watches sell a lot but keep in mind a lot of stores have them laying around for over a year etc. Hate to see that happen but well.... you know.

mike · 3 July 2008, 07:11 AM

I've read several reports about Rolex closing ADs.

DSJ · 3 July 2008, 07:11 AM

Quote:

Originally Posted by RW16610

Wow that is a true shame. Watches sell a lot but keep in mind a lot of stores have them laying around for over a year etc. Hate to see that happen but well.... you know.

Business is business. Or maybe they were caught dropping their shorts on discounting. Protect your discounting AD's folks.

Felly Jr. · 3 July 2008, 07:14 AM

Quote:

Originally Posted by mike

I've read several reports about Rolex closing ADs.

Would one of them start with a "T"?

walds11 · 3 July 2008, 07:16 AM

Must be the sign of the times?

My local AD has a P serial GMT II Pepsi in the case and also an older serial 14060M. Maybe he is on the chopping block? Could having old stock be an indication of this? Anyway, he was the one I git a SS Daytona from last month at MSRP.

SPACE-DWELLER · 3 July 2008, 07:18 AM

Quote:

Originally Posted by mike

I've read several reports about Rolex closing ADs.

Doesn't make good publicity, does it?

RW16610 · 3 July 2008, 07:19 AM

Quote:

Originally Posted by DSJ

Business is business. Or maybe they were caught dropping their shorts on discounting. Protect your discounting AD's folks.

Exactly, could be various reason. I have seen though and herd from employees on some stores sales and many things come into play. Their not the only ones around so no biggie.

Quote:

Originally Posted by walds11

Must be the sign of the times?

My local AD has a P serial GMT II Pepsi in the case and also an older serial 14060M. Maybe he is on the chopping block? Could having old stock be an indication of this? Anyway, he was the one I git a SS Daytona from last month at MSRP.

I never like stores with too much new old stock. Prefer the ones who sell watches more on a regular basis. Also even though were repeat buyers a watch is something that when a lot of people have 1 their basically done and contented, that or get other brands. That is just life though.

dickyb · 3 July 2008, 07:21 AM

I assume it is Hamilton? I stopped in there a few weeks ago and the display case was dismal. I guess they will lose there ability to get Rolex parts? They always did a great job servicing mine.

mike · 3 July 2008, 07:24 AM

Quote:

Originally Posted by SPACE-DWELLER

Doesn't make good publicity, does it?

You know Bo I don't know what to make of the chatter.

One rumor is that Rolex might be tightening controll. Whether it's an attempt to stop discounting or a sign of the times I can't say.

Wolfgang427 · 3 July 2008, 07:41 AM

Quote:

Originally Posted by mike

You know Bo I don't know what to make of the chatter.

One rumor is that Rolex might be tightening controll. Whether it's an attempt to stop discounting or a sign of the times I can't say.

Correct.

Word is Rolex is closing AD accounts by 25% across the board worldwide, no exceptions.

topcat30093 · 3 July 2008, 08:15 AM

Peter
Which Store and town did this happen too?

toph · 3 July 2008, 08:22 AM

Im reading all this and thinking there are 3 AD's within 50 yards of each other in Glasgow City centre- i wonder if one of them will stop getting rolex... mmm

Piledriver · 3 July 2008, 08:27 AM

Which town is it?

Cheers

RW16610 · 3 July 2008, 08:28 AM

Quote:

Originally Posted by toph

Im reading all this and thinking there are 3 AD's within 50 yards of each other in Glasgow City centre- i wonder if one of them will stop getting rolex... mmm

That is exactly like the 2 main AD's in Toronto. We shall see what happens....

scottschoe · 3 July 2008, 09:35 AM

Most likely tightening up US supply in order to expand into other countries.

SUPERDOC · 3 July 2008, 09:50 AM

A Reeds in Buffalo just lost their stock...
I went in asking for the Rolexes and they said they no longer carried them..but would I like to see their new collection of Bulova?

This one was kind of bittersweet for me though...a few months back, I walked in ready to buy a watch...not only wouldn't they discount...they wouldn't even throw in a polishing cloth to make a sale....

as I left i asked..."how do you guys expect to sell any watches?"
I guess we got our answer...

I wouldn't think Rolex would clamp down on AD's offering discounts...that affects the dealer's profit margin, not Rolexes....but what do I know.

dsimon9 · 3 July 2008, 09:57 AM

Just guessing, but maybe they are just cutting out the slow movers/sellers? With the thought of maybe expanding later. My $0.02 worth.

Dex

mborkow · 3 July 2008, 10:36 AM

Quote:

Originally Posted by scottschoe

Most likely tightening up US supply in order to expand into other countries.

that would be my first guess too...can't raise prices fast enough over here!

Steven79 · 3 July 2008, 11:00 AM

I pray every day for tourneau to go out of business.

sna77 · 3 July 2008, 11:02 AM

Quote:

Originally Posted by Steven79

I pray every day for tourneau to go out of business.

Tourneau in Boston lost its AD status last month

Beef · 3 July 2008, 11:55 AM

I think this a Rolex ploy to elevate it's status. It has long been my belief, (in view of the recent new models and their premium -some say outrageous, prices) that Rolex is trying to move into the Patek, V-C, J-L tier of luxury watches. Make and sell fewer watches, make the same or greater profit.

RW16610 · 3 July 2008, 11:57 AM

Quote:

Originally Posted by Steven79

I pray every day for tourneau to go out of business.

HAhahaha

redshirt1957 · 3 July 2008, 12:18 PM

Quote:

Originally Posted by Beef

I think this a Rolex ploy to elevate it's status. It has long been my belief, (in view of the recent new models and their premium -some say outrageous, prices) that Rolex is trying to move into the Patek, V-C, J-L tier of luxury watches. Make and sell fewer watches, make the same or greater profit.

Have no idea what is going on with Rolex ADs and not too concerned. The point I will make is that I have an engineering company that last year doubled its sales. With that came another tier of overhead, 40% increase in employees and three times the problems and risk. I let this happen only to take care of our biggest client. How much did profit or EBIDA increase? 15%!

Most of the problems were internal and still on-going. My desire? To have less sales, less risk, and less headaches. Why have I not downsized? First, the employees and second, the client. Time will tell if I have made the right decision.

sfrolex · 3 July 2008, 01:28 PM

Quote:

Originally Posted by Steven79

I pray every day for tourneau to go out of business.

Why? What's wrong with Tourneau?

gmh1013 · 3 July 2008, 01:34 PM

Quote:

Originally Posted by sfrolex

Why? What's wrong with Tourneau?

The one in Houston galleria sucks

scottschoe · 3 July 2008, 02:05 PM

Quote:

Originally Posted by sfrolex

Why? What's wrong with Tourneau?

Insane pricing and spotty staff, from my experience. Although some do stock some very tasty vintage pieces.

CoopJr · 3 July 2008, 11:34 PM

Quote:

Originally Posted by Steven79

I pray every day for tourneau to go out of business.

Another lover of the big T!!

But just to chime in, I heard that Fords Jewelers in NJ lost their AD status about 6 months ago....don't know for what though

mfer · 4 July 2008, 12:14 AM

Quote:

Originally Posted by Piledriver

Which town is it?

Cheers

St. Louis, MO USA

3 July 2008, 06:12 AM	#1
mfer "TRF" Member Join Date: Mar 2007 Real Name: Mik Location: USA Posts: 13,723	Another AD bites the dust Well, I just called a local AD here in my town to check on their GMT II inventory. Turns out, they are no longer and AD. Wonder if the economy is doing that bad or what!?!? One less place to shop... __________________ member#3242

3 July 2008, 07:16 AM	#7
walds11 "TRF" Member Join Date: Jul 2005 Real Name: Adam Location: Philly ‘burbs Posts: 5,634	Must be the sign of the times? My local AD has a P serial GMT II Pepsi in the case and also an older serial 14060M. Maybe he is on the chopping block? Could having old stock be an indication of this? Anyway, he was the one I git a SS Daytona from last month at MSRP. __________________ Adam

3 July 2008, 08:15 AM	#13
topcat30093 "TRF" Member Join Date: Jan 2008 Real Name: Tony Location: England Posts: 5,425	Peter Which Store and town did this happen too? __________________

3 July 2008, 08:22 AM	#14
toph "TRF" Member Join Date: Apr 2008 Real Name: ChrisTOPHer Location: Sydney Watch: Rolex, Brellum, Posts: 12,601	Im reading all this and thinking there are 3 AD's within 50 yards of each other in Glasgow City centre- i wonder if one of them will stop getting rolex... mmm __________________ "Where no counsel is the people fall, but in the multitude of counselors there is safety." Member No.# 11795

3 July 2008, 09:35 AM	#17
scottschoe "TRF" Member Join Date: Nov 2007 Location: CA Posts: 3,295	Most likely tightening up US supply in order to expand into other countries. __________________ __________________

3 July 2008, 06:15 AM	#2
PeterT "TRF" Member Join Date: Dec 2007 Location: England Watch: 16613 16710 16600 Posts: 1,021	Yes the place I picked up my GMT II last month is now all boarded up according to my wife. I can't understand it as they were named as Rolex branch of the year for 2007 in their chain of shops. PeterT

3 July 2008, 06:22 AM	#3
RW16610 2024 Pledge Member Join Date: Apr 2008 Real Name: Rommel Location: Toronto Canada Watch: 116710LN Posts: 8,985	Wow that is a true shame. Watches sell a lot but keep in mind a lot of stores have them laying around for over a year etc. Hate to see that happen but well.... you know.

3 July 2008, 07:11 AM	#4
mike "TRF" Member Join Date: Jul 2005 Posts: 22,683	I've read several reports about Rolex closing ADs.

3 July 2008, 07:21 AM	#10
dickyb Banned Join Date: May 2007 Location: United States Posts: 145	I assume it is Hamilton? I stopped in there a few weeks ago and the display case was dismal. I guess they will lose there ability to get Rolex parts? They always did a great job servicing mine.

3 July 2008, 08:27 AM	#15
Piledriver "TRF" Member Join Date: Mar 2007 Location: England Posts: 12	Which town is it? Cheers

3 July 2008, 09:50 AM	#18
SUPERDOC "TRF" Member Join Date: Jul 2007 Real Name: R.J. Location: Canada Posts: 1,546	A Reeds in Buffalo just lost their stock... I went in asking for the Rolexes and they said they no longer carried them..but would I like to see their new collection of Bulova? This one was kind of bittersweet for me though...a few months back, I walked in ready to buy a watch...not only wouldn't they discount...they wouldn't even throw in a polishing cloth to make a sale.... as I left i asked..."how do you guys expect to sell any watches?" I guess we got our answer... I wouldn't think Rolex would clamp down on AD's offering discounts...that affects the dealer's profit margin, not Rolexes....but what do I know.

3 July 2008, 09:57 AM	#19
dsimon9 Member Join Date: Apr 2008 Location: Colorado Posts: 284	Just guessing, but maybe they are just cutting out the slow movers/sellers? With the thought of maybe expanding later. My $0.02 worth. Dex

3 July 2008, 11:00 AM	#21
Steven79 "TRF" Member Join Date: Feb 2007 Real Name: Steven Location: Houston Watch: Sub Posts: 1,175	I pray every day for tourneau to go out of business.

3 July 2008, 11:55 AM	#23
Beef "TRF" Member Join Date: Sep 2007 Location: USA Posts: 1,824	I think this a Rolex ploy to elevate it's status. It has long been my belief, (in view of the recent new models and their premium -some say outrageous, prices) that Rolex is trying to move into the Patek, V-C, J-L tier of luxury watches. Make and sell fewer watches, make the same or greater profit. __________________ "An appeaser is one who feeds a crocodile, hoping it will eat him last." "So you have enemies. Good. You must have stood up for something, sometime in your life." Winston Churchill

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