Industry Analysis & Industry Trends
The performance of watch and jewellery retailers has varied considerably over the past five years. Industry revenue grew solidly between 2007-08 and 2009-10, largely due the growing popularity of Pandora merchandise and growth in disposable incomes as a result of stimulus payments by the Federal Government. In fact, Pandora is regarded as the biggest thing to have happened to the industry by far. In contrast, industry revenue contracted in 2010-11 and 2011-12 due to the collapse of global financial markets and the resulting effect on the domestic economy and consumer sentiment. Other factors affecting the performance of watch and jewellery retailers over the past five years include interest rate variations and trends in the world price of gold... purchase to read more
Industry Report - Industry Analysis Chapter
The Watch and Jewellery Retailing industry has posted mixed results over past five years due to changes in the retail landscape and fluctuations in consumer demand. While industry retailers enjoyed solid growth from 2007-08 to 2009-10, due largely to a boost in sales from Pandora branded merchandise, industry revenue declined in both 2010-11 and 2011-12 due to the flow-on effects of the global financial crisis and uncertainty in retail spending across the domestic market. Industry trading conditions are forecast to recover in 2012-13, leading to annualised growth in industry revenue of 2.9% over the five years through 2012-13... purchase to read more