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The Jewelry District

Episode 36: Guest Jeffrey Cohen

The Jewelry District

JCK

Business News, Fashion & Beauty, Business, Arts, News

4.9 • 50 Ratings

🗓️ 21 January 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

In This Episode In this edition of The Jewelry District, you’ll hear JCK editor-in-chief Victoria Gomelsky and news director Rob Bates talk with Jeffrey Cohen, president of Citizen Watch America. He’ll tell us how he got into the watch industry; highlight the importance of innovation and a digital-first, data-driven movement; and give his thoughts on the watch industry going into 2021.

Show Notes00:25 Victoria and Rob introduce their guest, Jeffrey Cohen, president of Citizen Watch America.03:34 Jeffrey drives home the importance of the brand itself over country of origin.05:50 2020 forced Jeffrey to become even more digital-first with his brands than ever before.11:17 Disney, Marvel, Frank Sinatra, and the Grammy Awards: Jeffrey shares watch news on all.14:53 Jeffrey reveals what Citizen Watch America's data is saying about its watch brands.19:16 Victoria wonders if trade shows will be returning in the future.

Episode CreditsHosts: Rob Bates and Victoria GomelskyEditor: Olivia BrileyProducer and engineer: Natalie ChometPlugs: jckonline.com, @jckmagazine

Show Recap

Introducing Jeffrey CohenVictoria and Rob introduce their guest, Jeffrey Cohen, president of Citizen Watch America. He’s been in that role for over a decade now, and he oversees not just Citizen Watch America but a total of five brands, including Bulova, Accutron, Alpina, and Frederique Constant. His father owned a high-end luxury retail store, which first got him interested in watches, and in 1982, he became a regional sales rep at Movado. In 2010, he joined Citizen.

What’s In A Name? Rob asks about the name Citizen, and Jeffrey explains its importance: having a watch for all people to enjoy. Rob asks if working for a Japanese company is any different from working for an American one. Jeffery says no and emphasizes the importance of the brand over country of origin. He most greatly values innovation, and tells the JCK editors about a watch’s movement that was just 1 mm thick and the innovation that went into creating it.

Digital-First OperationsJeffrey says that his consumers easily transitioned to online purchasing, but also explains what his company needed more of to make its website work. Victoria also asks about Jeffrey’s direct-to-consumer ambitions, and Jeffrey explains how Citizen has become a digital-first brand. The terminology it uses is "Citizen First," where its consumers get the best experience possible. Jeffrey then explains how he keeps his brands separate.

Collaboration With Disney and MarvelVictoria asked how the Swiss brands Alpena and Frederique Constant are doing, and Jeffery explains how Alpena and Frederique Constant's independent retailers did very well during the holiday season. Victoria also asks what we can expect to see from Citizen this year. Jeffrey talks about its collaborations with Disney and Marvel, as well as innovation coming out of the Bulova brand and its Frank Sinatra collection. He also discusses the upcoming 2021 Grammy Awards and Citizen's involvement.

Data, Data, DataJeffrey says Citizen has been using data for years now, but that the pandemic really pushed it to become a digital-first company. CRM is what it primarily uses to create additional sales for the company. Jeffrey says the watch industry's consumer is getting younger, and for Bulova, its Latino community of consumers is growing. Rob then asks about the gray market and how that affects the business.

Will Trade Shows Return? Victoria asks about what used to be Baselworld and the show model that 2020 disrupted, and if Jeffrey thinks we’ll be returning to that model in the future. Jeffrey says it’s hard to predict when trade shows will be back up and running—but he thinks it’s a question of expense. Rob asks about smartwatches, and Jeffery says that his watches provide style, design, and quality that people are still looking for. They talk a tad about the appearance of a Bulova watch on the popular Netflix show The Queen’s Gambit. And Jeffrey tells us what sold-out watch he’s wearing right now.

Transcript

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0:00.0

Welcome to the Jewelry District, a podcast by JCP Magazine and JCP online.

0:15.5

Today, JCPay's Rob Bates and Victoria Gamalski talk with Jeffrey Cohen, president of Citizen Watch America.

0:25.3

Hey, everyone. Welcome to the jewelry district. This is Victoria Gimelski, editor-in-chief of JCP

0:31.9

and J-K in from my home office in Los Angeles, and I'm with.

0:37.2

Rob Bates, news director of J-C and JCPay Online, calling in from chilly crowded New York.

0:44.2

So it's been a while since we've had a guest on talking about the watch industry, and it feels

0:49.8

fitting after a year where times seem to have stood still for a while that we re-examine the

0:55.3

watch business. Our guest today, we'd like to welcome Jeffrey Cohen, president of Citizen Watch

1:01.0

America. He's been in that role for over a decade now since 2010. And for those of you don't

1:06.8

know, he oversees actually five brands, not only Citizen, but also Bolivah, Acutron, Alpina,

1:12.6

and Frederic Constant. So a couple of names from American Watch history, and then, of course,

1:18.6

to Swiss brands and Citizen, the leader in Japanese watchmaking. So welcome, Jeffrey. It's

1:24.4

wonderful to have you. Thank you for having me, Victoria. It's really,

1:28.0

it hasn't been a while since we've had a nitty-gritty watch conversation. So I'm excited about this. Watches have been a favorite beat of mine for, gosh, over 20 years now. So I take it, you've been even longer. Tell us about how you got into watches. What's your background in this business? Well, I've been working in the watch industry for now it's almost 40 years.

1:47.0

So, you know, we into watches. What's your background in this business? Well, I've been working in the watch industry

1:44.6

for now. It's almost 40 years. So, you know, retail was really in my blood. My father was an

1:51.5

entrepreneur. He owned retail stores. And I've been working in his store since I was eight years

1:56.1

old. But one thing I was always doing was admiring people's watches as they were coming in.

2:34.5

What kind of store did he own? He had retail clothing stores. It was called Carson's Carol and Sons. My mother was Carol and we were the three sons. But you didn't sell watches or he didn't sell watches? No, but we had a high-end clientele, so we had a lot of people coming in with some very nice watches and I would always ask them how much these watches cost, and it was a little out of my price range. So where'd you go from there? Did you immediately know you wanted to go into retail, or was there something? I knew I didn't want to go into retail after working in the retail stores for so many years, but I wanted to work for a great brand. So in 1982, I became a regional sales rep at Movado. And I was with Movado a long time over 26 years

2:40.5

and then became Movadovand president worldwide before I left in 2009. So I kind of grew up in the

2:46.4

business. And what drew you to Citizen? Well, they came after me very hard in 2010,

2:52.2

looking to replace their current president and CEO of the company.

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