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56 posts categorized "Personal Accessories"

April 15, 2014

Webinar: The Rise of Luxury Spending in Emerging Markets

The-Rise-of-Luxury-Spending-in-Emerging-Markets-Web-BannerDrive Consumer Expenditure by Tapping into Emerging Wealth Markets

April 29, 2014  |  9 a.m. CST/3 p.m. GMT

The global picture of wealth is changing. The number of high-income earners in emerging markets is rising rapidly, yet few companies are taking advantage of this growth to drive profits.

This webinar provides insights into the profiles and spending habits of high income earners and long-term forecasts for wealth distribution, helping you develop a more strategic plan for growth. 

Discover:

  • What markets hold the most opportunities for expansion
  • Pivotal trends shaping the future of the luxury goods market
  • Short and medium term strategies used by the world's most prominent luxury brands for success

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February 24, 2014

Signet’s Acquisition of Zale Alters the Jewellery Landscape

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

View Sulabh Madhwal's profile on LinkedIn

Although Facebook’s purchase of WhatsApp has dominated the business headlines over the past week, Signet Jewelers’ imminent acquisition of close competitor Zale Corp will be a much larger transaction in terms of the acquired company’s revenues. The latter also represents the most significant shift in global jewellery competition since brand Bvlgari was acquired in 2011. Apart from changing the global hierarchy, I expect this acquisition to prompt strategy reforms for leading players across North America. In this opinion piece, I evaluate the development’s effect on three distinct geographical levels.

Global Leadership Race

As of 2012, Chow Tai Fook and Richemont were the two largest jewellery players in the world, with Signet ranked a distant third. However, Signet and Zale combined accounted for a 2% retail value share of global jewellery sales in 2012, propelling the alliance above Richemont into second place.

Even though Signet may not retain its global ranking by value sales in calendar year 2013, it now enjoys an extremely developed distribution network in three substantial jewellery markets (the US, Canada and the UK) as its total number of retail outlets exceeded 3,000 in December 2013. This gives Signet a distinct advantage over several brands, such as Bvlgari and Pandora, which are trying to reduce their dependence on third-party retailers.

Continue reading "Signet’s Acquisition of Zale Alters the Jewellery Landscape" »

February 20, 2014

Changing Dynamics of Precious Metals in Real Jewellery

Datagraphic illustrating the Changing Dynamics of Precious Metals in Real Jewelry

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Fluctuation in unit price of precious metals is one of the primary drivers of jewellery value sales. Gold jewellery accounts for 60% of real jewellery value sales in 2013, and is thus key to the precious metals trade. As gold and platinum further their influence over real jewellery in emerging markets, costume jewellery partnerships will become vital for silver producers over 2014-2018.

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In Search of New Markets for Luxury Jewellery and Timepieces

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

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Total retail sales of luxury jewellery and timepieces - in the 32 markets tracked by Euromonitor – increased 6% last year, at fixed US dollar prices. It was a resilient performance given firstly, the crackdown on gift giving in China – the category’s primary growth engine of the last decade – and, secondly, the economic headwinds buffeting much of Western Europe.

It was still the category’s weakest global performance in four years, however, and a warning that manufacturers and retailers needs to unlock new markets – especially if they are to capitalise on the current period of lower raw material costs.

Untapped markets to watch

Indonesia

Indonesia looks promising. Annual sales of luxury jewellery and timepieces sum under US$100 million, but there is evidence of a growing appetite for prestige necklaces, earrings and bracelets as well as men’s high-end watches. Leading brands Cartier and Rolex have cottoned on, with both building stronger distribution positions last year. It could be the start of a much bigger wave of investment this year.

One of the barriers, however, is legislation that requires foreign brands to sign up with a local business partner. This has held back global brands in the past. The difference now is that the opportunity is looking too good to miss.

Continue reading "In Search of New Markets for Luxury Jewellery and Timepieces" »

February 16, 2014

Diversification Key to the Future of LVMH

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

View Sulabh Madhwal's profile on LinkedIn

Recently released financial results for the 2013 calendar year highlight some of the major strategic issues facing LVMH. Overall company revenues rose by 4% compared to 2012 and the biggest business group, ‘Fashion & Leather Goods’, registered contracting sales over the year. While the company profile LVMH Moët Hennessy Louis Vuitton SA carries a detailed account of possible strategies, we discuss some underlying causes of the company’s weak performance as well as suggestions to counter them.

The Golden Egg Undergoing a Revamp

Flagship brand Louis Vuitton not only accounts for more than a third of LVMH’s personal accessories sales but is historically one of the company’s most profitable brands. As such, a slowdown in its global sales growth has affected the outlook for the entire company. Louis Vuitton’s strategy to return to high single-digit to double-digit growth includes an ongoing change in leadership, restricted outlet expansion and a focus on high-end luxury.

 Brand LV.png

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January 4, 2014

Online Stores Contributing Sales to Watch Brands

The Swatch Group and Fossil Inc. lead the world in sales of analog watches and the key to their success is online stores that contribute a massive amount of sales growth to their companies. Fossil has brought in an additional 3.2 million dollars with their online store, and Swatch has expanded its brand strength to the UK due to online presence. Gek Tan, Personal Accessories Research Analyst at Euromonitor, states that in order to remain competitive in the market, accessories brands will have to adopt an online strategy which includes personalized stores and a social media presence.

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December 31, 2013

Multi-Functional Product Innovation: Bags and Eyewear Charging Mobile Devices

MayLing_ThamAnalyst Insight by May Ling Tham - Head of Personal Accessories and Eyewear

View May Ling Tham's profile on LinkedIn

With technology being an integral part of consumers’ lifestyles, Euromonitor International takes a look at new product developments in bags and eyewear and how tech-savvy features incorporated into these accessories might be the future for the industry.

Smart Bags Charge Mobile Devices While On the Go

While the world obsesses over smart devices, demand for accessories is increasing. No longer are bags being designed with just compartments to slot in laptops and mobiles; they are now also incorporating charging devices to allow consumers to charge their electronics when on the go, while also remaining fashionable.

smart bags.png

Top left to right: Hustle bag from Hustle Group, Mighty Purse from Handbag Butler

Bottom left to right: Power Commute Laptop Messenger Bag and Power Q Laptop Backpack from Timbuk2

Photo Credit: Hustle, Mighty Purse and Timbuk2

Continue reading "Multi-Functional Product Innovation: Bags and Eyewear Charging Mobile Devices" »

December 12, 2013

Holiday Strategies for Personal Accessories – Business Partnerships

 

Personal accessories companies are using partnerships this holiday season to release new product lines and attract consumers. For example, Amazon.com has launched a collection called “Christmas Store in Jewelry” featuring brands such as Kate Spade and Swarovski and Barney’s New York partnered with rapper Jay-Z to release a collection called “A New York Holiday”. Sulabh Madhwal, Personal Accessories Research Analyst at Euromonitor, states that department stores and internet retailers are expected to be the winners this holiday season because of these unique partnerships.

Continue reading "Holiday Strategies for Personal Accessories – Business Partnerships" »

November 30, 2013

Holiday Strategies for Personal Accessories – Attracting Consumers


Personal accessories
manufacturers are focused on launching new products and boosting their traditional retail and advertising presence during the 2013 holiday shopping season. Jewellery company Pandora is leading the way, releasing a new gift set in time for holiday shoppers. Jewellery company Swarovski not only heightened their presence in retail stores and online retailers, but is also running a global campaign featuring supermodel Miranda Kerr. Sulabh Madhwal, Personal Accessories Research Analyst at Euromonitor gives more examples of personal accessories companies utilizing these strategies for the holiday season.

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November 20, 2013

Developments Shaping Costume Jewellery Competition in 2013

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

View Sulabh Madhwal's profile on LinkedIn

Frequent shifts in precious metal prices over 2012 and 2013 have influenced real jewellery prices much more than those of costume jewellery. However, the global economic slowdown has caused leading costume jewellery players to adapt their global strategies. We explore some of these prominent shifts in 2013, as well as the forecast landscape for costume jewellery.

Continue reading "Developments Shaping Costume Jewellery Competition in 2013" »

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Recent Posts

Webinar: The Rise of Luxury Spending in Emerging Markets

Signet’s Acquisition of Zale Alters the Jewellery Landscape

Changing Dynamics of Precious Metals in Real Jewellery

In Search of New Markets for Luxury Jewellery and Timepieces

Diversification Key to the Future of LVMH

Online Stores Contributing Sales to Watch Brands

Multi-Functional Product Innovation: Bags and Eyewear Charging Mobile Devices

Holiday Strategies for Personal Accessories – Business Partnerships

Holiday Strategies for Personal Accessories – Attracting Consumers

Developments Shaping Costume Jewellery Competition in 2013