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 the cash rate, revenue growth was negatively affected during this period by 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.
Operators have faced challenging conditions over the past five years, hampering revenue growth... 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 40.0% of the market in 2014-15. 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