The Personal Accessory Retailing industry is expected to post annualised revenue growth of 2.2% over the five years through 2015-16. Trading conditions in the industry have been varied. Luxury products have performed well over the past five years, driven by consumer demand for unique branded merchandise and premiumisation. The revenue and profit of retailers selling luxury accessory items has grown steadily over the past five years, while the mid-priced product market has suffered due to a softer retail environment and mounting competition from department stores and online shopping.
Operators in the industry primarily retail a range of personal accessories including briefcases, handbags, luggage, sunglasses, umbrellas and wigs. These products are sold by retailers through stores or via online websites to consumers. The industry excludes the retail sale of leather clothing and footwear. Pure-play online retailers are also excluded from 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.