Industry Analysis & Industry Trends
The Watch and Jewellery Wholesaling industry has lost some of its sparkle over the past five years. Subdued economic conditions and low disposable income growth resulted in weak consumer demand over much of the period. This was particularly evident at the start of the five years through 2016-17, leading to a damaging effect on watch and jewellery sales, which are highly discretionary in nature. Companies in the industry also faced an increasing trend towards wholesale bypass. During the five years through 2016-17, revenue is expected to contract at a compound annual rate of 0.1% as wholesale bypass continues. In 2016-17, industry revenue is anticipated to increase by 1% to £1.6 billion due to stronger demand conditions... purchase to read more
Industry Report - Industry Locations Chapter
Businesses operating in the industry are concentrated in London and the South East. Together, these regions account for 59.8% of industry establishments. The smallest regions for the industry are Northern Ireland, the North East and Wales. IBISWorld expects that the spread of industry activity follows those of downstream markets and upstream suppliers. However, data indicates that access to downstream retailers has a greater influence on the location of jewellery wholesalers than upstream manufacturers (indeed, a large share of jewellery and watches are imported).
London is the largest region in terms of both industry revenue and the number of establishments. Approximately 46.1% of industry establishments are located in this region. It .. purchase to read more