Watch and jewellery retailers are expected to experience steady trading conditions over the next five years, with sales rising by an annualised 2.9%. Consumer demand over this period has been driven by a rise in disposable income levels and continued growth across various jewellery categories. Despite this, industry sales have been affected by increasing levels of competition within the industry and from external operators, such as department stores, which influenced the price competitiveness of merchandise.
Retailers in this industry sell watch and jewellery items including rings, bracelets, necklaces and earrings. These may be broadly segmented into either fine or fashion jewellery. Industry retailers consist of independent operators which choose to trade under their own name or retailers which are part of a chain store group and trade collectively under the one brand.
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.