Summary
Jewelry, watches and accessories witnessed a steady growth in 2014 and sales in the product sector are expected to grow at a CAGR of 1% over the analysis period. Specialist retailers accounted for 59% of sales in 2014 while sales through online channel is also gaining momentum. The retail market for jewelry, watches and accessories is set to grow at a CAGR of 1% over the forecast period to reach EUR7.3 billion by 2019. The sector was affected by ongoing economic uncertainties in the country, where consumers are becoming more cautious about their spending levels. Consumer preferences have shifted towards lower priced products as a result of weakening purchasing power.
Key Findings
- Jewelry, watches and accessories accounts for a small share of the total retail sales in France.
- Specialist retailers were the most preferred channel for customers, having accounted for 59% of jewelry, watches and accessories sales in 2014
- Customers are increasingly browsing online and social media to make informed decisions while buying luxury items.
- Sales through online channel stood at 6.5% of the total sales in the sector in 2014 and are expected to reach 8.8% by 2019.
Synopsis
“Jewelry, Watches and Accessories Retailing in France - Market Summary and Forecasts” ” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2019
What else does this report offer?
- A thorough analysis of consumer trends changing economic and population factors
- Both qualitative and quantitative insights and analysis of the shifting jewelry, watches and accessories retail dynamics from 2009 to 2019
- Sales of jewelry, watches and accessories through the following channels from 2009 to 2019: Clothing, footwear, accessories and luxury goods specialists; department stores; other specialist retailers; online; hypermarkets, supermarkets and hard-discounters; other general and non-specialist direct retailers; duty free retailers
- An overview of key jewelry, watches and accessories retailers operating across France and their presence across distribution channels
Reasons To Buy
- Gain a comprehensive knowledge on jewelry, watches and accessories sector in the French retail market and develop a competitive advantage from the start of your supply chain
- Investigate current and forecast behaviour trends in jewelry, watches and accessories category to identify the best opportunities to exploit
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior
- Understand the fastest growing categories including jewelry, watches and accessories, with insights on performance across key channels from 2009, with forecasts until 2019
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and Technology trends influencing the jewelry, watches and accessories market
- Analysis of key international and domestic players operating in the jewelry, watches and accessories market - including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share
Table Of Contents
1 Introduction
1.1 What is this Report About?
2 Executive Summary and Outlook
3 Market Context
3.1 A slowing economy with new challenges for retailers
3.1.1 Weakening French economy will slow down retailers' growth
3.1.2 Household saving rates remains high
3.1.3 Services sector remains the dominant sector for employment
3.1.4 Threat of deflation is a concern for the French economy
3.1.5 Sluggish growth in household consumption expenditure
3.2 Aging population creating new opportunities for retailers
4 French Shoppers
4.1 The aging population and growing single households have different needs
4.2 Demand for organic and locally sourced food products on the rise
4.3 Private labels face tough challenges from national brands even as consumers purchasing power declines
4.4 Click and drive-through outlets - now a mature retail format in France
4.5 Tourism to boost the luxury market in France
5 Doing Business in France
5.1 Summary
5.1.1 Bureaucracy
5.1.2 Business culture
5.1.3 Geography
5.1.4 Infrastructure and logistics
5.2 Factors influencing investments in France
5.3 Laws to reduce the associated risks at the POS stations
5.4 France passes “anti-Amazon law” in favor of small bookstores
5.5 Sales being state-regulated and restricted to only twice a year
5.6 Taxation in France
5.6.1 Corporate income tax
5.6.2 Withholding tax
5.6.3 Personal income tax
5.6.4 Value added tax (VAT)
6 Retail - Product Sectors
6.1 Product Sector Analysis
6.1.1 Jewelry, Watches and Accessories
6.2 Jewelry, Watches and Accessories Category Overview
6.3 Major Retailers
6.3.1 Jewelry, Watches and Accessories
7 Appendix
7.1 Definitions
7.2 Summary Methodology
7.2.1 Overview
7.2.2 The triangulated market sizing method
7.2.3 Industry surveys in the creation of retail market data
7.2.4 Quality control and standardized processes
7.3 About Conlumino
7.4 Disclaimer
List Of Tables
Table 1: France Jewelry, Watches and Accessories Retail Sales (EUR mn), by Channel Group, 2009-2014
Table 2: France Jewelry, Watches and Accessories Retail Sales Forecast (EUR mn), by Channel Group, 2014-2019
Table 3: France Jewelry, Watches and Accessories Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 4: France Jewelry, Watches and Accessories Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 5: France Jewelry, Watches and Accessories Retail Segmentation, by Channel Group, 2009-2019
Table 6: Key Jewelry, Watches and Accessories Retailers in France
Table 7: France Exchange Rate EUR-USD (Annual Average), 2009-2014
Table 8: France Exchange Rate EUR-USD (Annual Average), 2015-2019 Forecasts
Table 9: Conlumino Retail Channel Definitions
Table 10: Conlumino Retail Category Definitions
List Of Figures
Figure 1: GDP Value (US$ billion), 2008-2014
Figure 2: Growth Rate of GDP (US$ billion, %), 2008-2014
Figure 3: GDP Value and Growth (EUR billion, %), 2008-2014
Figure 4: Forecasts for GDP Value and Growth (EUR billion, %),2014-2019
Figure 5: Gross Domestic Savings Rate (% of GDP), 2004-2014
Figure 6: Share of Employment by Sector (%), 2004 and 2014E
Figure 7: Unemployment Rate(%), 2004-2014
Figure 8: Inflation Growth Rates (%), 2004-2014
Figure 9: Household Consumption Expenditure of France (EUR billion), 2004 and 2014
Figure 10: Household Consumption Expenditure of Major Countries (US$ billion), 2014
Figure 11: Growth of Household Consumption Expenditure (US$, %), 2004-2014
Figure 12: Rural and Urban Populations (millions) 2004, 2014, and 2019
Figure 13: Total Population and Growth Rate (Millions, %), 2004-2019
Figure 14: Population Split by Gender (%), 2014 and 2019
Figure 15: Population Split by Age Group (%), 2014 and 2019
Figure 16: Per Capita Spend on Retail (EUR), 2006 and 2014
Figure 17: Per Capita Spend (EUR) and Total Retail Spend by Age Group (%), 2006 and 2014
Figure 18: Aging consumers and single households are set to grow further
Figure 19: Demand for organic and locally sourced food products on a rise
Figure 20: Click and drive through outlets are on an increase as per March 2014
Figure 21: Tourist arrivals to France, (in thousands), 2009 and 2014
Figure 22: Major Cities with High Spend on Retail
Figure 23: Key Components of Doing Business in France
Figure 24: Share of Jewelry, Watches and Accessories in Total Retail Sales, 2014 and 2019
Figure 25: Retail Sales Value and Growth (EUR billion, %) of Jewelry, Watches and Accessories,2014-2019
Figure 26: Spend per Head on Jewelry, Watches and Accessories,2014 and 2019
Figure 27: Online Spend and Growth (EUR billion, %) in Jewelry, Watches and Accessories,2014-2019
Figure 28: Online Share of total Jewelry, Watches and Accessories Spend,2014 and 2019
Figure 29: Spending per Channel in Jewelry, Watches and Accessories (%),2014 and 2019
Figure 30: France Jewelry, Watches and Accessories Retail Sales and Forecast (EUR mn), by Channel Group, 2009-2019
Figure 31: The Triangulated Market Sizing Methodology
