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.
July 10th, 2016
Outlook for the personal accessories industry in 2016 is looking up, with an estimated growth rate of 2%. With the strengthening US dollar, demand in North America for personal accessories is gaining traction as the economy is showing signs of improvement following the recession.
June 23rd, 2016
Michael Kors ended its fourth quarter in the fiscal year, proving speculations wrong on its impending downturn due to rampant expansion in the past five years.
June 1st, 2016
TimeCrafters 2016, America’s luxury watch show took place at Park Avenue Armory in New York City from 12-15 May 2016. This fourth annual event featured the best of 2016 collections, a watchmaking workshop, tours and panel sessions.
May 21st, 2016
The Hong Kong watch market has been in decline due to a decrease in demand for high mechanical watches. Due to the higher unit price of high mechanical watches, they account for 68% of the market value of watches in Hong Kong.