Are Luxury Watches Recession-Proof?

The transcript discusses the impact of economic challenges like the cost of living crisis and recession on supply and demand in the watch market. Despite these challenges, the company remains confident in its supply chain and maintains a strong market position, particularly in the Swiss watch category. Pricing strategies are explored, noting that demand remains high despite price increases. The transcript concludes with recommendations for popular watches under $10,000.

What is the main reason for the confidence in supply from major watch brands?

• Government subsidies

• Commitments and indications from brands

• Reduced demand

• Increased production capacity

How does the company view the impact of the recession on their category?

• Less affected

• Moderately affected

• Not affected at all

• Highly affected

What is the company's strategy to maintain market share despite economic challenges?

• Increasing advertising

• Reducing prices

• Expanding to new markets

• Focusing on client service and investment

What is the company's expectation for price changes in 2023?

• Prices will decrease

• Prices will double

• Prices will remain the same

• Prices may increase

Which of the following is a popular watch model under $10,000 mentioned in the transcript?

• Rolex Submariner

• Patek Philippe Nautilus

• Hublot Big Bang

• Audemars Piguet Royal Oak