History Repeating Itself ? The End of the AD?

Our grandparents bought their clocks, silverware and watches from jewelry stores (AD's). As competition heated, a lot of companies started importing or taking their manufacturing off shore and found other ways to sell their goods cheaper and through other channels..Timex is a good example as they started selling their watches in department stores and even drug stores(unheard of at that time) at much cheaper prices. This put a lot of pressure on companies like Hamilton who kept their product at