Industry Analysis & Industry Trends
The Watch and Jewellery Retailing industry is expected to post annualised revenue growth of 2.1% over the five years through 2013-14. Despite the steady rise in revenue, industry performance has varied considerably over the past five years. Industry revenue grew solidly in 2008-09 and 2009-10, largely due the growing popularity of Pandora merchandise and growth in discretionary incomes. In fact, Pandora is regarded as one of the biggest things to happen to the industry in recent years. In contrast, industry revenue contracted in 2010-11 and 2011-12 due to the collapse of global financial markets and a drop in consumer sentiment. Industry trading conditions improved in 2012-13, leading to a recovery in revenue levels... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry is characterised by a low level of concentration. The top four players account for less than 30.0% of the market in 2013-14. The majority of industry participants are small-sized operators, with fewer than 20 employees. Barriers to entry are low and do not hinder new operators from entering the industry and gaining market share. Despite low capital intensity, the industry's mature life cycle and exposure to medium competition may have hindered growth in concentration.
Michael Hill's market share concentration has increased over the past five years, while Prouds has suffered possibly due to the softer retail market during this period... purchase to read more