After rebounding form the recession, the industry will continue to expand in the coming years. Recovering disposable incomes will allow consumers to purchase more luxuries like handbags and accessories. As the purchasing power of Generation Y shoppers grows, operators will develop product lines to cater to this demographic. However, competition from department stores and online retailers will pose a threat to the industry, as consumers flock to these outlets for their lower prices and convenience.
This industry includes specialty retailers that primarily sell leather and faux leather handbags; luggage; costume and novelty jewelry; clothing accessories such as hats, wallets and neckwear, but not including lingerie or swimwear. Stores in this industry may also sell apparel or footwear, but sales from these products are not included in the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.