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 - Industry SWOT Analysis Chapter
The Watch and Jewellery Retailing industry is in the mature phase of its life cycle. Over the 10 years through 2019-20, industry value added is expected to grow by an annualised 0.4%, compared with annualised growth in Australian GDP of 2.7% per annum. The slower rise in value added for fine watch and jewellery retailers relative to the overall economy is characteristic of an industry operating in maturity.
The mature status of the industry is evident in establishment numbers, which are projected to contract over the decade through 2019-20. An increase in cost pressures and continued price-based competition from industry heavyweights is expected to have influenced the profitability and viability of industry operators... purchase to read more