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71 posts categorized "Personal Accessories"

October 18, 2014

Euromonitor to Speak at UBIFrance 2014

UBIFranceEvent Name: UBIFrance

Location: Singapore

Date:  October 15, 2014 – October 16, 2014

Event Description: The French Trade Commission-Ubifrance in Singapore, is dedicated to accompanying French Companies on their professional project, providing them with essential keys to success in the Singaporean market. This closed door conference has been organized to promote Singapore as a Fashion hub to exclusively invited French apparel and accessories players.

Sulabh MadhwalPresentation Topic: Appreciating Fashion in Singapore

Presenter Name And Title: Sulabh Madhwal, Global Personal Accessories Analyst

View Sulabh Madhwal's profile on LinkedIn

Presentation Date:  October 15, 2014

Presentation Time:  16:00 – 16:30

Presentation Description:  The presentation elaborates on the Fashion landscape and related consumer insights of the APAC region, and specifically Singapore.

October 2, 2014

Smartwatches Not Ready to Take on the Traditional Watch

Sulabh MadhwalAnalyst Insight by Sulabh Madhwal - Personal Accessories and Eyewear Analyst

View Sulabh Madhwal's profile on LinkedIn

Although smartwatches only started seeing increased retail activity in 2013, it has already become a crowded category as of September 2014. Pebble, Samsung, LG, Motorola and Apple are among the electronics players which have announced new smartwatches in 2014, while watch conglomerates Timex, Fossil and Swatch will join them in 2014 or 2015. However, current product avatars of any brand listed above are unlikely to challenge the global growth of traditional watches for the following reasons.

Continue reading "Smartwatches Not Ready to Take on the Traditional Watch" »

August 23, 2014

Winners and Losers in Personal Accessories

Luggage, mid-priced watches and real jewellery will be the highest growing personal accessories categories in 2014, which positions companies such as Pandora, Samsonite and Chow Tai Fook for ongoing success in the coming years. Chinese jewellery manufacturer Chow Thai Fook will fair the best, with sales expected to cross the US$ 10 billion dollar mark in 2014. Leading luxury brands such as Louis Vuitton, Gucci and Coach suffered in 2013 and will continue to suffer in 2014 due to consumer's reluctance to spend on big ticket items.

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August 19, 2014

Who is Winning the Global Battle for Accessories Sales?

Sulabh MadhwalAnalyst Insight by Sulabh Madhwal - Personal Accessories and Eyewear Analyst

View Sulabh Madhwal's profile on LinkedIn

LVMH, Richemont and Swatch Group continue to lead overall personal accessories, but the dynamics are changing in individual categories. We discuss the state of global competition as seen through the new edition of personal accessories published on 11 August 2014.

Top Three Lose Ground in Bags and Luggage

The respective market shares for LVMH, Kering (formerly PPR) and Coach all declined between 2012 and 2013. This was not only due to the slowing demand for luxury brands across the world, but also the rise of leading competitors such as Michael Kors, Samsonite and Prada Group.

Global value sales for bags and luggage will grow at a CAGR of 4% over 2014-2019, with luggage and business bags spearheading growth. Although handbags will remain by far the biggest category in 2019, the growth potential for luggage and business bags is likely to inspire several marketing efforts targeted at the male population.

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July 25, 2014

Why US Still Trumps China in Personal Accessories Strategies

Sulabh MadhwalAnalyst Insight by Sulabh Madhwal - Personal Accessories and Eyewear Analyst

View Sulabh Madhwal's profile on LinkedIn

Owing to the emergence of several metropolitan cities and the subsequent appetite for luxury purchases in China, the country has been the undoubted growth driver of several accessories brands over the past five years. China overtook the US to become the largest personal accessories market by value sales in 2011, and since then has grown at a comprehensively faster pace. However, the US will continue to be the most influential market in the global strategies of most personal accessories players for three major reasons.

Consumer and Marketer Maturity

Nearly all personal accessories categories in the US have a highly evolved pricing structure. As such, the appreciation of private label, mid-priced, affordable luxury and high-end luxury brands is well defined among their respective target audiences. Fossil and JanSport are recognisable examples of mid-priced brands, while Coach and Michael Kors epitomise affordable luxury. On the other hand, most locally-based players in China tend to focus on economically-priced products, while international brands satisfy demand for high-end products. As a result, luxury players Swatch Group, LVMH and Richemont are the biggest international companies in China.

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Euromonitor to Speak at International Jewellery London 2014

IJL_LOGOS_2014Date: August 31 – September 2, 2014

Location: Olympia, London

Conference: IJL is the UK’s premier jewellery event, offering exclusive insight into the trends that will continue to drive the £1.2 billion UK jewellery market for years to come. IJL unites over 600 manufacturers, designers, gem suppliers and allied services with senior level quality buyers.

Discover the latest products and collections and gain insight into the latest trends. Network with the industry and expand your knowledge with our market leading seminar programme.

 

 

 

 

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July 20, 2014

Fashion Speaks: The Growth Potential for Wearable Digital Electronics

Weeteck_loo MayLing_Tham

Euroasia_yvonne kok_LThumbWith Wee Tek Loo, Head of Consumer Electronics and May Ling Tham - Head of Personal Accessories and Eyewear 

Moderated by Yvonne Kok, Head of Industry Research


Wearable devices, such as the Nike Fuel Band and the Samsung Galaxy Gear are manufacturer driven products that do not yet address any major functions better than a smartphone. So far, only fitness tracking devices are driving sales in the category as they serve a practical and motivational purpose. Other devices such as the Galaxy Gear suffer from poor aesthetics and bulky design. Until Apple releases its highly anticipated watch, which has the potential to disrupt the industry in the same way that the iPhone did, many manufacturers of electronics and watches are adapting a wait-and-see approach to wearable devices.

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July 16, 2014

Michael Kors’ Marketing Strategy Pays Off

Euroasia_Chloe.Wu_LThumbWith Chloe Wu, Personal Accessories & Eyewear Industry Analyst

Michael Kors is investing heavily in marketing its new diffusion line and as a result, consumers are associating the company as a lifestyle brand in line with Coach and Tory Birch. The company is also using social media as a way to use consumers to market its brands. It has a blog site called MK Timeless where consumers can upload pictures of their Michael Kors watches and a campaign called Watch Hunger Stop where the company donates money to the World Food Program for every 100 series timepiece purchased. These marketing strategies have paid off for the company with strong brand equity.

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Euromonitor to Speak at International Jewellery London 2014

IJL_LOGOS_2014Date: August 31 – September 2, 2014

Location: Olympia, London

Conference: IJL is the UK’s premier jewellery event, offering exclusive insight into the trends that will continue to drive the £1.2 billion UK jewellery market for years to come. IJL unites over 600 manufacturers, designers, gem suppliers and allied services with senior level quality buyers.

Discover the latest products and collections and gain insight into the latest trends. Network with the industry and expand your knowledge with our market leading seminar programme.

Continue reading "Euromonitor to Speak at International Jewellery London 2014 " »

June 25, 2014

Tiffany & Co: At What Point Does Affordable Luxury Prove Costly?

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

View Rob Walker's profile on LinkedIn

When a luxury brand renowned for high-end products takes a big chunk of its portfolio downmarket, there are risks. The biggest is that its prestigious image becomes diluted and affluent consumers drift away. Tough times call for bold decisions, though. Rewind a year and a half and US luxury jeweller Tiffany & Co found itself in choppy waters. Sales were sinking like a stone in its core home market, and in its New York flagship especially. Revenue in Europe and Asia Pacific was in freefall too.

In a bid to turn things around, Tiffany ramped up its participation in affordable luxury. At its famous New York flagship on Fifth Avenue, well-heeled shoppers could still spend upwards of US$50,000 on a piece of statement jewellery, or US$5-10,000 on a piece of fine jewellery. But, low-priced silver jewellery, typically costing less than US$500 a piece – and led by a new range branded as the Atlas collection – began to grow in visibility. Few retailers anywhere in the world offered products covering such a cavernous price spectrum.

Tiffany & Co: Global Net Sales

Source: Euromonitor International from company press release

Continue reading "Tiffany & Co: At What Point Does Affordable Luxury Prove Costly?" »

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Recent Posts

Euromonitor to Speak at UBIFrance 2014

Smartwatches Not Ready to Take on the Traditional Watch

Winners and Losers in Personal Accessories

Who is Winning the Global Battle for Accessories Sales?

Why US Still Trumps China in Personal Accessories Strategies

Euromonitor to Speak at International Jewellery London 2014

Fashion Speaks: The Growth Potential for Wearable Digital Electronics

Michael Kors’ Marketing Strategy Pays Off

Euromonitor to Speak at International Jewellery London 2014

Tiffany & Co: At What Point Does Affordable Luxury Prove Costly?