Personal Accessories

Sales of personal accessories grew in 2019, driven by strong demand in Asia Pacific and tourism in Western Europe. The outlook through to 2024 is positive, despite Coronavirus (COVID-19) hitting global demand in 2020. If the pandemic is contained by ...

Premiumisation is a key consumer trend in Australia, but it’s meaning is changing. Where once price and quality were paramount, consumers are moving to more thoughtful and emotional consumption. Simplification and provenance are also key, with ...

Despite economic slowdown and political uncertainty in Western Europe, sales of bags and luggage remain resilient in the region. Luxury players continue to dominate, although competition from fashion players is rising. The democratisation of travel, ...

Jewellery remains dominated by the fine segment, with Asia Pacific now the category’s global growth engine. Jewellery is set for further growth through to 2024, although in the short term, the coronavirus is poised to negatively impact China’s ...

Rimowa has long been considered a luxury brand among the jet set thanks to its high-quality luggage and superior service record. Having been acquired by LVMH in 2016, Rimowa is now attempting to transform the brand from a heritage luggage maker into ...

Asia Pacific remains a key region for watch manufacturers as it offers a diverse range of both developed and emerging markets, allowing brands to offer products at different price points and target a diverse clientele. However, to counter increasing ...

Value sales of watches in Western Europe declined in 2019, dragged down by a weak performance by the basic and mid segments, as consumers move to smartwatches and/or hybrid ones. A positive showing by high-end watches across countries in 2019 and ...

Two main forces drive sales of jewellery in Western Europe: first, sales of higher priced fine jewellery, which is linked to international tourism, and which saw continued steady growth in 2019; second, sales of costume jewellery and less expensive ...

Samsonite International SA continues to solidify its position as world’s leading luggage manufacturer through geographic expansion and product development. Company has made strides in developing its direct-to-consumer (DTC) operations, aided by the ...

The distribution landscape for personal accessories continues to develop rapidly, as both brands and retailers focus on digital in order to keep pace with changing consumer preferences. Industry players recognise the importance of an omnichannel ...

Economic turbulence in Russia and Ukraine has adversely impacted sales of watches in Eastern Europe and demand is increasingly polarising at the expense of the mid watch segment. As one group of consumers looks for the best value for money, another ...

The personal accessories market in Taiwan continued to record healthy current value growth in 2019. Sales were boosted by increasing demand for personal accessories for use in daily wear as well as the growing influence of social media, on which both...

In 2019, personal accessories in Germany continued to register positive current value growth. This can be attributed to the positive current value growth performance in all categories, benefitting from a stable environment at national level. ...

The Polish economy has been developing dynamically in recent years. According to Central Statistical Office (GUS) data, Polish GDP recorded an increase of 5% in 2018. The main driving force of the Polish economy is private consumption, which ...

Personal accessories in Singapore recorded weak retail current value growth in 2019 due to weak consumer sentiment as well as a drop in tourism receipts. For the higher-end brands in the industry, tourism is a key factor contributing to the growth. ...

The United Arab Emirates retail environment has been in difficult economic straits since 2014, although the past few years have seen an improvement, albeit with only slow growth. Difficulties for personal accessories players have arisen due to high ...

The personal accessories market has continued to experience strong current value growth in 2019 as consumers continue to become more fashion conscious due to the rising penetration of social media platforms such as Instagram and Facebook, rising ...

With the Russian economy not showing any signs of recovery, personal accessories maintained roughly the same pace of value growth in 2019 as it had seen in 2018. Low- and middle-income consumers were the most affected by negative economic conditions,...

Personal accessories in the US recorded strong growth in 2019. Bags and luggage sales continued to grow as consumers’ penchant for experiences coupled with an increase in affordable travel options lifted demand for travel bags like luggage and duffel...

Personal accessories in Malaysia continued to register positive growth in 2019, although the industry’s performance was tempered somewhat by waning demand, high levels of competition and widespread price discounting. However, the building trend for ...