Yahoo Web Search

Search results

1. • Prices for pre-owned timepieces slump

     • Hodinkee, an online watch retailer and news site backed by Bernard Arnault’s LVMH Luxury Ventures, is cutting almost 20 percent of its staff as prices for pre-owned timepieces slump. The company has eliminated about two dozen positions, according to people familiar with the matter.
     www.businessoffashion.com/news/luxury/lvmh-backed-luxury-watch-site-hodinkee-cuts-a-fifth-of-jobs/

     LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

2. People also ask

   Why did HODINKEE cut 20% of its staff?

   • Hodinkee, an online watch retailer and news site backed by Bernard Arnault ’s LVMH Luxury Ventures, is cutting almost 20% of its staff as prices for pre-owned timepieces slump. The company has eliminated about two dozen positions, according to people familiar with the matter.

   LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

   www.bloomberg.com/news/articles/2023-09-05/lvmh-backed-luxury-watch-site-hodinkee-cuts-a-fifth-of-jobs

   See all results for this question

   Why is HODINKEE reducing staff?

   • Hodinkee confirmed it’s reducing staff in operations, technology and photography as part of the integration of Crown & Caliber, without confirming numbers. “We have restructured areas of the business that were either duplicative, redundant or inefficient,” Chief Executive Officer Jeffery Fowler said by email.

   LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

   www.bloomberg.com/news/articles/2023-09-05/lvmh-backed-luxury-watch-site-hodinkee-cuts-a-fifth-of-jobs

   See all results for this question

   Is HODINKEE a loss-making business?

   • The loss-making business has weighed on Hodinkee, which was profitable before the deal, said the people, who spoke on the condition of anonymity. Hodinkee confirmed it’s reducing staff in operations, technology and photography as part of the integration of Crown & Caliber, without confirming numbers.

   LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

   www.businessoffashion.com/news/luxury/lvmh-backed-luxury-watch-site-hodinkee-cuts-a-fifth-of-jobs/

   See all results for this question

   What issues are there with HODINKEE?

   • The biggest issue with HODINKEE, as mentioned in this Reddit thread, is the hype they've generated that has priced a lot of normal people out of the watch game. Remember 10 years ago when Submariners were $5000?

   [Review] Hodinkee Shop is bad : r/Watches - Reddit

   www.reddit.com/r/watches/comments/rg96n1/review_hodinkee_shop_is_bad/

   See all results for this question

   Why did HODINKEE restructure?

   • “We have restructured areas of the business that were either duplicative, redundant or inefficient,” Chief Executive Officer Jeffery Fowler said by email. Hodinkee will continue investing in its business for growth, he added.

   LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

   www.bloomberg.com/news/articles/2023-09-05/lvmh-backed-luxury-watch-site-hodinkee-cuts-a-fifth-of-jobs

   See all results for this question

   How much money does HODINKEE make a year?

   • The purchase of Crown & Caliber, which sells used Rolex and other top brands, boosted Hodinkee’s annual revenue above $100 million. Founded in 2008 by former UBS analyst Benjamin Clymer, Hodinkee is among the most important online sources for watch information and content, particularly for the US market.

   LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

   www.businessoffashion.com/news/luxury/lvmh-backed-luxury-watch-site-hodinkee-cuts-a-fifth-of-jobs/

   See all results for this question

3. www.bloomberg.com › news › articlesLVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

   www.bloomberg.com › news › articles

   • Cached

   Sep 5, 2023 · Hodinkee, an online watch retailer and news site backed by Bernard Arnault ’s LVMH Luxury Ventures, is cutting almost 20% of its staff as prices for pre-owned timepieces slump. The company...

4. www.adweek.com › media › hodinkee-crown-caliberHow Hodinkee's Big Bet on a Watch Business Backfired - Adweek

   www.adweek.com › media › hodinkee-crown-caliber

   • Cached

   Crown & Caliber, in particular, has shrunk from 75 staff to around 20, and its entire team of watchmakers and technicians was cut in November, according to four people familiar with the...

5. www.sunsethq.com › layoff-tracker › hodinkeeHodinkee Layoffs: What Happened & Why? - sunsethq.com

   www.sunsethq.com › layoff-tracker › hodinkee

   • Cached

   Nearly 20% of its workforce, about two dozen positions, were cut due to declining prices for pre-owned timepieces. This article will delve into the reasons behind these layoffs and their potential future impact on the company and the industry.

6. www.watchcrunch.com › DigitalDivider › postsMassive Layoffs at Hodinkee! - WatchCrunch

   www.watchcrunch.com › DigitalDivider › posts

   • Cached

   Hodinkee, an online watch retailer and news site backed by Bernard Arnault’s LVMH Luxury Ventures, is cutting almost 20% of its staff as prices for pre-owned timepieces slump.

7. www.watchuseek.com › threads › hodinkee-cuts-a-fifthHodinkee cuts a fifth of jobs | WatchUSeek Watch Forums

   www.watchuseek.com › threads › hodinkee-cuts-a-fifth

   • Cached

   Sep 5, 2023 · Hodinkee, an online watch retailer and news site backed by Bernard Arnault’s LVMH Luxury Ventures, is cutting almost 20% of its staff as prices for pre-owned timepieces slump.

8. usa.watchpro.com › rolex-price-slump-promptsRolex price slump prompts Hodinkee to cut headcount across ...

   usa.watchpro.com › rolex-price-slump-prompts

   • Cached

   Sep 5, 2023 · The New York-based retailer and media business is reducing staff in operations, technology and photography as part of the integration of Crown & Caliber, the company confirmed to Bloomberg, which is reporting that around 25 people, 20% of the company’s workforce, has been cut.