Industry Analysis & Industry Trends
The Watch and Jewellery Retailing industry is expected to post static annualised revenue growth over the five years through 2014-15. Industry revenue posted weak growth in 2009-10 before contracting in 2010-11 and 2011-12. Despite growth in discretionary income and a fall in interest rates, revenue growth during this period was negatively affected by a combination of high world gold prices, the flow-on effects from the collapse of global financial markets and a drop in consumer sentiment. Industry trading conditions improved in 2012-13 and 2013-14 and revenue is forecast to rise by 2.2% over 2014-15 to reach $3.4 billion.
Revenue growth during this period has been hampered by the challenging conditions faced by operators... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has low barriers to entry and the trend is steady. Prospective entrants benefit from the industry's low concentration and capital intensity. The top four players account for less than 40.0% of the market, which may attract new operators to the industry. Despite the initial capital investment, daily operations for industry retailers are more dependent on labour input than on capital or technology, further aiding the entry of new players. However, many jewellery store owners have encountered difficulty selling their business as they approach retirement. Part of this difficultly stems from the high capital cost of refitting and rebranding an acquired business... purchase to read more