World

Pandora A/S is a Danish jewellery manufacturer with a well-established global presence in the fine jewellery segment. Western Europe and North America lead the company’s sales, but it has also achieved significant penetration in Asia Pacific. In…

In this half-year (H1-2021) update briefing, we investigate the latest developments in the global luxury goods industry, with a focus on the macro-economic and demographic changes and what these mean for our view of a likely outlook in the short to…

Sales of personal accessories continue to fall, as the effects of the COVID-19 pandemic lead to further disruption, national lockdowns, social distancing, store closures and travel restrictions, causing global demand to suffer. The discretionary…

Jewellery sales in Western Europe slumped in 2020, with Coronavirus (COVID-19), and the measures taken to try and control its spread, having a negative impact on fine jewellery sales in particular. The closure for extended periods of non-essential…

While just a few global players own many of the top-selling personal accessories brands, the industry remains highly fragmented, with unbranded and private label products holding a significant share of sales. With the global trend towards increased…

Luxury and fashion players are facing a deeply transformed consumer and retail landscape post-Coronavirus (COVID-19). Survival and recovery strategies are likely to revolve around agile adaptability and a careful review of legacy standard operating…

The COVID-19 pandemic has brought about significant changes in business models and consumer behaviour, as well as altering the ways and the geography many of us live, work, study and play. Understanding what changes will stick after the pandemic…

The COVID-19 pandemic has accelerated the shift to e-commerce, exemplified by the US fashion industry, which is embracing the rapid digital evolution across every aspect of businesses. This report reviews the results of Euromonitor International's…

While the global luxury goods market contracted notably, Asia showed signs of recovery as early as Q2 2020, minimising the impact of the coronavirus (COVID-19) pandemic. This report analyses the background to the quick recovery of personal luxury…

While growth slowed in the region in 2019, hit by falling sales in China, Coronavirus (COVID-19) meant that most of the region went in decline in 2020. The overall fall in Asia Pacific jewellery sales was very deep in 2020, with retail closures,…

The coronavirus (COVID-19) pandemic has triggered the most severe global recession since World War II. In Q4 2020, the end of the pandemic started as countries began administering effective vaccines among the population; however, vaccine distribution…

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…

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 revenues are expected to post some of the sharpest declines among all fmcg industries. The industry is concurrently facing pressure from three main factors: consumers’ diminished disposable income, retail closures (and sluggish…

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…

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…