October 28th, 2016
The Middle East is well adapted to Western trends, as Middle Eastern countries are very well aware of international brands and their appeal due to social media. However, the strong retail sector and the culture of heading to a shopping mall as a leisure activity are facilitating the development of the retail and personal accessories […]
October 16th, 2016
Digitalisation remains a key factor influencing both innovation and sales across all personal accessories companies, with consumers in Australia quick to take up new technologies having become increasingly dependent on digital technology in their everyday lives. Digitalisation can have both a positive and negative affect on sales in personal accessories, with writing instruments and watches […]
October 19th, 2016
In Q3 2016, the global economic outlook declined as mounting uncertainty in Europe, the UK and the US outweighed any boost from the BRICs. This quarter, fast moving consumer goods (FMCG) forecast growth revisions from Euromonitor International’s Industry Forecast Model generally point to marginal retail sales downgrades through 2020.
October 5th, 2016
Personal accessories in Russia grew last year in local currency, but declined in US dollars. This decline could have been worse, but there are factors at play creating a positive effect in the industry. First, less Russians are leaving the country to buy personal accessories in other countries, and secondly, more tourists are coming […]
August 12th, 2016
Asia Pacific continues to dominate the bags and luggage market in 2016 as Latin America and Europe’s demands continues to decline mainly due to currency depreciation on the back of a strong US dollar. In terms of brands, luxury companies such as Louis Vuitton continue to see strong growth, however some consumers are turning towards […]
July 18th, 2016
The UK’s referendum decision to leave the European Union has sent shockwaves across the world.
July 17th, 2016
2016 is a sluggish year for personal accessories with many macro-economic factors continuing to plague the economy. The personal accessories industry is continuing to consolidate, with key industry players participating in mergers and acquisitions. A prime example of this activity is Tumi’s acquisition by Samsonite in 2015. Technology is also playing a key role […]
July 14th, 2016
In 2016, global sales of personal accessories are set to grow by 2%, based on US$ year-on-year exchange rates. Personal accessories is forecast to enjoy a CAGR of 4% from 2016-2021 to reach US$633,415 million based on constant 2016 prices. Jewellery continues to be the best performing category, buoyed by growth in Asia Pacific, especially […]
July 12th, 2016
Despite a sluggish Swedish economy the local watch market has flourished as watches grew by 7% CAGR at constant 2016 prices over the review period.
July 11th, 2016
According to Euromonitor International’s latest research, eyewear is valued at US$121 billion globally in 2016, up by a modest 0.5% on the previous year.