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Global Jewelry Retailing: Market Size, Retailer Strategies and Competitor Performance
Verdict Research Limited, Oct 2010, Pages: 161
After shrinking during the recession, the global jewelry and watch market is recovering in 2010 and is poised for further expansion, driven by growth in the luxury segment and the Asia Pacific region. Global Jewelry Retailing outlines the size and key drivers of the global jewelry sector and contains chapters on ten leading jewelry retailers accouting for almost a quarter of global sales.
Features and benefits:
Make informed regional investment decisions with data on expenditure per region for 2005-2010e and forecasts to 2015 with accompanying analysis.
Benchmark your company's performance by accessing profiles of ten key jewelry retailers including key operating statistics and global market shares.
Make informed product investment decisions by uncovering how the luxury and mass market segments will drive the total global jewelry retailing market.
Maximise the effectiveness of marketing investments by uncovering the strategies being used by the most prominent players in global jewelry retailing.
Highlights:
In 2009 the global jewelry retailing market contracted by 0.6% as consumers scaled back discretionary purchases. The outlook is more positive, especially for the luxury segment which is set to increase in value by over 8% in 2010, compared with over 3% for the mass market.
Asia-Pacific (excluding Japan) has overtaken the Americas as the leading region for jewelry and watch retailing. The importance of developing operations in fast growth markets is well recognized by leading companies and those that built presence in Asia-Pacific have performed far better that those that did not.
Richemont, the global jewelry and watch market leader, now achieves a third of its sales from Asia Pacific excluding Japan, up from a fifth five years ago. Its operating margin only dropped slightly during the recession thanks in part to continuing strong sales of Cartier in Greater China where it now has almost 400 stores.
Your key questions answered:
- What markets hold the most potential for the precious jewelry and watches sector and should I enter them or invest more in them?
- What is my company’s relative performance in the global jewelry sector and what is an achievable market share objective for my company?
- What companies could my company partner with in the jewelry and watches sector and what do I need to know to improve my pitch to them?
- What branded jewelry concessions should I seek and which jewelry and watches brands should receive premium placement in my store?
- How did Bulgari, Damas Int, Gitanjali, LVMH, Richemont, Signet Group, Swatch Group, Tiffany & Co, Tsutsumi and Zale Corporation perform last year?
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