The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreJan 2018
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The personal accessories distribution landscape is evolving rapidly. Both manufacturers and retailers are favouring digital and direct-to-consumer operations across most markets, while repurposing their physical space. The personal accessories industry exemplifies the impact of e-commerce growth and the incorporation of digital features into every aspect of the shopping experience. This briefing aims to shed a spotlight on the key distribution shifts happening within this fast-growing industry.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Distribution of personal accessories remains predominantly physical. The luxury nature of some personal accessories purchases still favours physical distribution, with stores acting as both brand building tools and spaces to develop premium customer service.
Wholesale is suffering globally, with an increasing number of players moving away from B2B and boosting B2C distribution. Better control of brand image and pricing, and tighter control of stocks and margins are the main reasons behind this shift.
The world is expected to see 1.5 billion arrivals by 2022. The growing appeal for “experiences over stuff” is benefiting travel-0related categories, and thus bags and luggage specialist retailers.
Internet retailing remains the fastest growing channel within personal accessories. However, growth is expected to slow down over the forecast period. Digital saturation in some highly developed markets, paired with strong efforts from physical retailers to lure consumers back to stores, will pay off.
Retailers are fully embracing omni-channel strategies. The role of stores has changed and they are no longer a pure transactional space. As such, winning distribution propositions should include the best of both digital and physical retail in a holistic manner.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.