Industry Analysis & Industry Trends
Operators in the Jewellery and Watch Stores industry sell jewellery items, watches, clocks, silverware, and gift items across varying price points. The performance of the industry is largely dependent on the state of the overall economy. The items are considered to be luxury goods and demand is heavily reliant on the level of disposable income and consumer spending in the economy. Generally, in poor economic conditions, consumers are likely to reduce their purchases of luxury items and consequently, revenue declines. This has largely been the case in the industry over the past five years. Over the five years through 2013-14, total industry revenue is estimated to decline at a compound annual rate of 1.0% to total £4.9 billion... purchase to read more
Industry Report - Industry Investment Chapter
IBISWorld determines the capital intensity of an industry by comparing capital costs (measured as depreciation) to wage costs. The Jewellery and watch Stores industry has a low level of capital intensity, which is characteristic of a retail industry and reflects the labour-intensive nature. Labour costs are incurred through the requirement that employees be well-trained and knowledgeable with excellent customer service skills. Retailers invest in adequate training for staff because they recognise the impact of a good salesperson. Besides their involvement in handling and processing sales, employees are required to restock display shelves, manage inventory and provide customers with advice and assistance... purchase to read more