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75 posts categorized "Personal Accessories"

December 20, 2014

Opportunities and Relationships Between Personal Accessories and Beauty and Personal Care

Put together, personal accessories and beauty and personal care sales will exceed US$1 trillion in 2015. The two industries are related in more ways than one, not least because of both targeting similar consumer profiles. Although leading brands such as L'Oréal, Gillette or Louis Vuitton are unlikely to venture outside their core industries, brands such as Avon and Tiffany & Co might be ideal candidates to expand their relatively small presence in personal accessories and beauty and personal care respectively.

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December 15, 2014

Rationalising Intel’s Collaboration with Luxottica on Smart Glasses

Chloe WuAnalyst Insight by Chloe Wu - Personal Accessories and Eyewear Analyst

It has not been more than a year since Google Glass was first sold commercially to the public, and, despite an overall tepid reaction towards Google Glass, Luxottica is now forging ahead with yet another attempt at smart glasses.

This time, the eyewear juggernaut has teamed up with semiconductor giant Intel to produce smart eyewear. Essentially, Intel will provide engineering know-how, so that Luxottica can focus on industrial design, thereby keeping costs down and shortening the time to market.

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December 14, 2014

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Euromonitor analysts discuss the key events impacting foreign investment, population, tourism, tax rates, social media, politics, consumer confidence and other factors impacting consumer spending trends in Asia Pacific countries moving into 2015. Watch the video for complete insights.

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November 12, 2014

Appreciating Fashion in Singapore

UBIFranceSlide

Singapore has emerged as a leading fashion hub in Asia Pacific and has a highly evolved competitive landscape as brands are expected to cater to citizens as well as sizeable populations of foreign residents and tourists. Purchase decisions are increasingly influenced by brand perception as female consumers consistently look to premium international brands for personal accessories and footwear. This is an excerpt of the presentation that Sulabh MadhwalSulabh Madhwal, Personal Accessories Analyst, gave at UBIFrance this year.

 

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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.

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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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Recent Posts

Opportunities and Relationships Between Personal Accessories and Beauty and Personal Care

Rationalising Intel’s Collaboration with Luxottica on Smart Glasses

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Appreciating Fashion in Singapore

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