Free press releases distribution network?

More news: Jewelry/Watches
Agency / Source: Report Buyer Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Watches and Jewellery Will Drive Luxury Branded Product Sales Growth - Report Buyer, the online destination for business intelligence, has added a new report showing that global expenditure on luxury branded products will hit £225bn by 2012
Watches and Jewellery Will Drive Luxury Branded Product Sales Growth

 

PRZOOM - /newswire/ - London, United Kingdom, 2007/10/30 - Report Buyer, the online destination for business intelligence, has added a new report showing that global expenditure on luxury branded products will hit £225bn by 2012.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Jewelry/Watches Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

According to the report, as wealth increases across the globe, the demand for luxury products will accelerate with the market, currently worth £131bn, boosted by high demand from emerging economies, wider demand from mature markets and new channels.

“Global Luxury Retailing 2007” predicts that the global market for those typical luxury goods bought through retailers (fashion/clothing, accessories, watches and jewellery, fragrance & cosmetics and homewares), will more than double in growth over the next five years as consumers in emerging markets become wealthier, and luxury brands stimulate higher spend from consumers in mature markets.

The report shows that richer consumers in fast growing economies will account for the greatest growth. Though Japan has been a major market for luxury brands, its weak economy has dampened sales over recent years. However, the Asia Pacific region which includes China and India – but not Japan – will nearly treble in value by 2012 as newly wealthy consumers seek to underline their status with top end goods. The region will account for nearly a quarter of global spending at £57bn overtaking the Americas as the second largest market. Indeed, including Japan, where growth will continue to be muted, this region is in danger of taking Europe’s crown as the most valuable market – accounting for 36.2% of the total by 2012 compared with Europe’s 36.4%.

That said even though Europe, home of the majority of luxury brands, is the most mature market, it still has high growth potential outperforming most other retail sectors. A major factor is luxury tourism – new luxury consumers want to travel and buy from brands’ home countries. Furthermore within Europe eastern European countries will create more demand for luxury goods and Russia will not only become a significant market, but Russians will continue to spend their money throughout Europe. By 2012 the European market is expected to be worth $163bn.

The study forecasts that watches and jewellery will become the second largest sector after fashion and clothing. Clothing commands the largest share of the market – 44.3% in 2007, but it will begin to lose share as other product sectors increase theirs. While accessories have enjoyed strong growth as more and more operators exploit the demand for designer handbags, jewellery and watches will become the next ‘must have’ luxury fashion items.

Brands have been producing new high-end pieces in both jewellery and watches which is stimulating interest. Additionally the high intrinsic value of jewellery and watches, because of the high cost of their components, makes them an attractive luxury investment to a wide range of consumers – not just the fashion conscious or ultra-rich. Furthermore, the higher usage of precious jewellery in developing economies will boost the sector.

Further growth is being generated by brands taking greater control of their distribution channels. Luxury brands have brought more of their retail networks under direct control, ensuring the appropriate delivery of the brand experience and, in the process, increasing sales.

The Internet will be another channel and driver of demand. Many brands have introduced transactional websites over recent years, and more will follow. This will enable brands to access consumers beyond their reach via traditional channels, and generate new revenue streams. This channel is also highly suitable for accessories, watches and jewellery, where fit is not an issue.

Report Buyer product ID: VDT00270

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Jewelry/Watches Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Report Buyer Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Jewelry/Watches articles,
CATCH Visitors via Your Competitors Announcements!


Watches and Jewellery Will Drive Luxury Branded Product Sales Growth

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Jonna Dagliden 
+44 (0) 20 7060 7474 press[.]reportbuyer.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Report Buyer Ltd securities in any jurisdiction including any other companies listed or named in this release.

Jewelry/Watches via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Report Buyer Ltd / Company Profile


Read Jewelry/Watches Most Recent Related Press Releases:

Todd & Marlon Announces Collaboration with Dean Martin
Grown Diamonds Key to Unlocking Future for Diamond Industry Finds Frost & Sullivan
UAE Gems and Jewelry Market to Grow At Over 7% Till 2019 Says TechSci Research
DESiGNERiCA Introduces 3D Printed Earrings in 8 Different Colors
Grown Diamonds Contributing Steadily to the Gems & Jewellery Industry Finds Frost & Sullivan
Asia-Pacific Will Continue to Dominate Global Gems & Jewelry Market through 2019 Reports TechSci Research
Diamond Registry Now Serves China’s High-End Consumer
Malca-Amit Opens China's Largest Private Vault
Freida Rothman Jewelry Launches on Nordstrom.com
Navneet Gems & Minerals Opens A New Office in the UK

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today