Personal preference: Volatile consumer sentiment has constrained revenue growth

The Personal Accessory Retailing industry has faced mixed trading conditions over the past five years. The luxury product segment has performed well, driven by premiumisation and consumer demand for unique branded merchandise. However, revenue growth across the mid-priced product market has been affected by a softer retail environment and mounting competition from department stores and online shopping. The weak performance of smaller retailers selling more affordable industry goods has offset much of the gains made by luxury product retailers. However, the increasing volume of online sales generated through the internet sites owned by the industry’s bricks-and-mortar operators has aided industry revenue growth. Revenue is forecast to rise at an annualised more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • While luxury products have performed well, the mid-priced product market has faced increasing competition
  • Fashion-forward brands catering to current market trends have performed well
  • The forecast rise in the Australian dollar will make internationally sourced products more affordable
  • Industry Report - Industry Locations Chapter

    The geographic spread of industry establishments is broadly in line with population trends. As a result, New South Wales has a higher proportion of stores compared with Victoria and Queensland, which have a smaller population base. Furthermore, the location of industry retailers is driven by the discretionary income of each respective region or each states potential exposure to consumers with a high level of discretionary income. A key example of this is Louis Vuitton, which operates stores in the CBDs of Sydney, Brisbane, Cairns, Melbourne and Perth. Along with being capital cities, these destinations are also popular with tourists, boosting the potential for operators to generate sales from international travellers. In ...purchase to read more.

    Additional Insights for the Personal Accessory Retailing Industry

    IBISWorld has determined the most important Key Success Factors for the Personal Accessory Retailing 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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    What's in this report

    What is the Personal Accessory Retailing Industry?

    Industry operators primarily retail a range of personal accessories including briefcases, handbags, luggage, sunglasses, umbrellas and wigs. These products are sold through stores or online to consumers. The industry excludes the retail sale of leather clothing and footwear. Online-only 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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
  • The retail market
  • Demand trends
  • Competition and profit
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Operating landscape
  • Demand trends
  • Profit and competition
  • Store count and staff
  • Table: Personal Accessory Retailing Industry Revenue Outlook

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

  • 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 55 and over
  • People aged 35 to 54
  • People aged 15 to 34
  • Corporate or business clients
  • Chart: Major Market Segmentation for the Personal Accessory Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    Strandbags Group Pty Limited, Luxottica South Pacific Holdings Pty Ltd, Louis Vuitton Australia Pty Ltd, Woolworths International (Australia) Pty Limited, CBCH Group Pty Ltd,
  • Table: Strandbags Group Pty Limited - financial performance
  • Table: Luxottica South Pacific Holdings Pty Ltd - financial performance
  • Table: Louis Vuitton Australia Pty Ltd - financial performance
  • Table: Woolworths International (Australia) Pty Limited - financial performance
  • Table: CBCH Group Pty Ltd - financial performance

  • 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
    Table: Industry Data for the Personal Accessory Retailing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A store that has a physical store location, as opposed to an online retailer that operates through a website.
  • Ecommerce
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Personal Accessory Retailing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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