Industry Analysis & Industry Trends
After rebounding form the recession, the industry will continue to expand in the coming years. Recovering disposable incomes will allow consumers to purchase more luxuries like handbags and accessories. As the purchasing power of Generation Y shoppers grows, operators will develop product lines to cater to this demographic. However, competition from department stores and online retailers will pose a threat to the industry, as consumers flock to these outlets for their lower prices and convenience... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Handbag, Luggage and Accessory Stores industry is in the mature phase of its life cycle. Industry value added, which measures an industry's contribution to the economy, is forecast to grow at an average annual rate of 4.3% over the 10 years to 2018. While this rate is faster than the growth of the economy during this period (an annualized rate of 2.1%), the industry is rebounding from a low recessionary base, which sets it up for seemingly strong growth.
Accessory stores are facing a saturated market within the United States. Additionally, there is little room for product changes. Handbags continue to dominate the market. The men's accessories market has potential for growth, but full-blown acceptance of these products is uncertain... purchase to read more