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 Locations Chapter
Population levels play a pivotal role in the location of watch and jewellery retailers across Australia. In general, retailers often chose to open stores in locations that support a higher population base. These locations aim to give consumers more choice when making a watch and jewellery purchase. A higher population base also broadens the pool of potential consumers for industry retailers to attract. As a result, New South Wales is expected to account for the majority of industry establishments in 2014-15. Over one-third of Australians reside in New South Wales, which supports the dominance of locations across this state. Victoria will rank second in establishment numbers, followed by Queensland... purchase to read more