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 SWOT Analysis Chapter
The Watch and Jewellery Retailing industry is in the mature phase of its life cycle. Over the 10 years through 2018-19, the industry's contribution to the economy (measured by industry value added) is expected to grow by an annualised 1.8%, compared with GDP growth of 2.6% 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 Watch and Jewellery Retailing industry is evident in the modest growth of establishment numbers. 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