Personal Accessories

Personal accessories sales declined steeply in 2020, as the COVID-19 pandemic led to national lockdowns, social distancing, store closures and travel restrictions, thereby causing global demand to suffer. The discretionary nature of personal ...

Swarovski AG is a family-owned business focused on the production and retail of crystal-covered jewellery and accessories. With more than 125 years of business operation, the company is well established globally, with nearly 3,000 physical and 34 ...

Fossil Group's sales have declined across its stable of owned and licensed brands in recent years, as consumers’ shift from traditional watches to smartwatches has coincided with weakening foot traffic to shopping malls and department stores. With ...

In early November 2020 Euromonitor International published revised forecasts for personal accessories for 2020 to 2025 that considered the implications of the novel coronavirus COVID-19. Overall COVID-19 is expected to suppress global demand for ...

Channel shifts accelerated by the Coronavirus pandemic has led to significant changes taking place across the fashion retail landscape with retailers being forced to adapt to these new consumer demands and behavioural shifts. This report examines the...

Pandora A/S is a leading jewellery player globally, known for its personalised demi-fine pieces. In 2020, the company celebrated the 20th anniversary of its Pandora Moments Charm, and focused on its Programme NOW, designed to navigate the challenges ...

The coronavirus (COVID-19) pandemic has triggered the most severe global recession in nearly a century. Businesses are operating in a world of anxieties and uncertainties, not knowing what will be the new normal or when output and consumer spending ...

Worries about Coronavirus (COVID-19) and economic downturn have forced consumers to re-evaluate their life priorities and habits. With that the narrative in health, beauty and fashion has also changed to reflect newly emerged consumer priorities and ...

Personal accessories in Germany had been recording positive growth since 2014 due to a favourable economic environment and particularly strong growth within the luxury segment. However, this positive momentum in the industry has been completely lost ...

Consumer confidence was only just starting to increase in Switzerland pre-COVID-19 with the market making a tentative recovery following a period of decline due to economic instability. Local consumers were already therefore cautious in their ...

South Africa was already experiencing ongoing economic instability pre-COVID-19, with many local consumers continuing to suffer from declining disposable incomes, the rising cost of living and restricted access to credit. This scenario had resulted ...

The personal accessories industry is very sensitive to economic downturns and specific factors that negatively affect consumer purchasing power and confidence. This generally results in decreasing demand, changing preferences and spending shifting to...

Due to several factors including economic constraints, the discretionary nature of many of its product categories, their relative uselessness during quarantines, and their dependence on store-based retail channels, in addition to the decimation of ...

After years struggling to overcome the legacy of the 2015-2016 crisis, Brazilian macroeconomic indicators were finally gaining traction that allowed projections to consider a natural and gradual reheating of the economy, with a positive development ...

The COVID-19 outbreak led to a reduction in personal accessories sales, across all categories, in 2020, as the Romanian government implemented quarantine and social distancing measures to contain the pandemic. If the pandemic is contained in the ...

The extent of the impact of the COVID-19 pandemic in 2020 on the personal accessories category has, thus far, been varied. While there are sales declines expected to be recorded by the end of the year in all areas, some declines are likely to be far ...

The combination of retail closures and the rapid deterioration of the country’s economy discouraged spending on personal accessories in the second quarter of 2020, as these products were generally perceived as non-essential. Moreover, the closure of ...

Coronavirus (COVID-19) has had a significant impact on all categories of personal accessories in Malaysia. The closure of non-essential retail stores, such as leisure and personal goods specialist retailers and department stores, and the restricted ...

Personal accessories sales are expected to decline in 2020 due to the economic impact of the COVID-19 pandemic. Decreasing disposable income, allocation of funds to goods of prime necessity and rising unemployment will be some of the reasons behind ...

Personal accessories is being impacted by COVID-19 in 2020 due to reduced consumer spending power, reduced footfall in shopping malls and department stores, restrictions on travel, and disruptions in supply chains. This is showing declines across all...