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Article: Japan's Watchmakers Focus on 'The Bright Spot'.(United States market)(Statistical Data Included)(Industry Overview)
- Article from:
- Jewelers Circular Keystone
- Article date:
- April 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Some of the most noteworthy moves by top Japanese watch brands to expand their business, especially among young adult and female consumers, are occurring in the United States ... but not quite in ways the parent firms in Tokyo had planned.
The U.S. market is the most important and lucrative one for Japan's watches. In the words of Katsuaki Noji, president of Citizen Trading Co., which sells Citizen watches worldwide, it's "the bright spot for all of us"-especially in light of sluggish sales for Japanese brands elsewhere around the globe. The United States accounts for a third of Citizen's total watch business, 23% of Seiko's, and 20% of Casio's (which wants to ...
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