Personal Accessories

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 ...

Personal accessories saw ongoing value growth in Japan in 2019. Value rose despite falling volumes due to a declining population, the growing prevalence of rental and sharing services in categories such as bags and luggage, and watches, and the ...

The Dutch economy and stable consumer confidence continued to fuel demand for personal accessories in 2019. Dutch consumers were willing to spend on products not only for their primary functionality, but also as fashion accessories. However, current ...

Personal accessories maintained its strong retail value growth in 2019, largely due to price increases due to the devaluation of the Turkish lira and a switch to higher-quality branded goods away from generic products among consumers, despite a ...

Increasing purchasing power amongst mid-income consumers in the Philippines, due to tax reforms resulting in most mid-income consumers being able to earn more due to reduced income tax, continues to support stable demand for personal accessories, in ...

In contrast to the strong consumer confidence seen in the previous two years, which boosted value sales of personal accessories, 2019 saw a sluggish performance. Another slight slowdown expected in the Italian economy in 2019 caused consumers, ...