Overview

Mixed bag: Competition hurts mid- and low-end retailers, while luxury brands' revenue grows

IBISWorld’s Personal Accessory Retailing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • While luxury products have performed well, the mid-priced product market has suffered
  • Fashion forward brands are expected to have performed well over the past five years
  • A rise in the Australian dollar will make internationally sourced products more affordable

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    Industry Analysis & Industry Trends

    Personal Accessory Retailing industry's performance has been mixed over the past five years. While luxury products have performed well, driven by consumer demand for unique branded merchandise and premiumisation, the mid-priced product market has suffered due to a softer retail environment and mounting competition from department stores and online shopping. Much of the luxury product retailers' revenue growth has been offset by the poor performance of smaller retailers selling more affordable industry goods. However, the increasing volume of online sales generated via the internet sites owned by the industry's bricks-and-mortar operators has aided industry revenue growth. Over the five years through 2016-17, industry revenue is expected to grow at an annualised 3.6%...

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    Industry Report - Industry Analysis Chapter

    The Personal Accessory Retailing industry has faced challenging trading conditions over the past five years. Widespread uncertainty regarding the domestic economy, due to financial market instability, has negatively affected consumer spending over the period. Budget and middle-market operators have implemented price discounts to generate consumer interest. Retailers of luxury personal accessories have fared better, largely due to their higher product margins, strong reputations and loyal customer bases. Nonetheless, earlier revenue losses are expected to be regained over the second half of the five years through 2016-17, fuelled by industry operators’ increasing online sales activity. Industry revenue is expected to increase at an annualised 3.6% over the five years through 2016-17. Ind..

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    Additional Insights for the Personal Accessory Retailing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Personal Accessory Retailing Industry are

  • Ensuring pricing policy is appropriate
  • Having a clear market position
  • Production of goods currently favoured by the market
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household discretionary income in the Personal Accessory Retailing industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Personal Accessory Retailing Industry?

    Operators in the industry primarily retail a range of personal accessories including briefcases, handbags, luggage, sunglasses, umbrellas and wigs. These products are sold by retailers through stores or via online websites to consumers. The industry excludes the retail sale of leather clothing and footwear. Pure-play online retailers are also excluded from the industry.

    Industry Products
    Handbags, wallets and purses
    Luggage and other travel goods
    Sunglasses
    Other personal accessories
    Industry Activities
    Briefcase retailing
    Handbag retailing
    Luggage retailing
    Sunglasses retailing
    Umbrella retailing
    Wig retailing
    Leather goods retailing (except clothing and footwear)

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Real household discretionary income
  • Demand from department stores
  • Demand from online shopping
  • Trade-weighted index

  • Current Performance
  • Weak retail market
  • Demand trends
  • Competition and profit
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Personal Accessory Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Personal Accessory Retailing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Cut and Sewn Textile Product Manufacturing
  • Leather and Leather Substitute Product Manufacturing
  • Photographic and Optical Goods Manufacturing
  • Textile Product Wholesaling

  • Products & Services
  • Handbags, wallets and purses
  • Sunglasses
  • Luggage and other travel goods
  • Other personal accessories
  • Chart: Personal Accessory Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • Business or corporate sector
  • Chart: Major Market Segmentation for the Personal Accessory Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Personal Accessory Retailing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Personal Accessory Retailing Industry

  • Industry Globalization
    Major Companies
    Luxottica South Pacific Holdings Pty LtdStrandbags Group Pty LimitedCBCH Australia Pty LtdWoolworths International (Australia) Pty Limited
  • Table: Luxottica South Pacific Holdings Pty Ltd - financial performance
  • Table: Strandbags Group Pty Limited - financial performance
  • Table: CBCH Australia Pty Ltd - financial performance
  • Table: Woolworths International (Australia) Pty Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Personal Accessory Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Personal Accessory Retailing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Bricks-And-Mortar
  • A store that has a physical store location, as opposed to an online retailer that operates through a website.
  • E-Commerce
  • The sale and purchase of goods transacted through the internet.
  • Point Of Sale (Pos)
  • The actual place where goods are sold and purchased, as opposed to the place of manufacture, packing or labelling.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Personal Accessory Retailing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Personal Accessory Retailing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Personal Accessory Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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