Industry Analysis & Industry Trends
The Online Jewelry and Watch Sales industry performed well over the past five years due to consumers' mounting affinity for quick and easy online shopping. As disposable incomes rebounded, industry revenue has grown more strongly. With the economy continuing along its upward trajectory, consumer demand for discretionary items like jewelry will grow steadily. However, the industry's players will feel intensifying internal competition as the number of online jewelers grows and restrains profit growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Online Jewelry and Watch Sales industry is in the growth stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to the economy, is forecast to grow at an average annual rate of 10.1% over the 10 years to 2020. Meanwhile, US GDP is anticipated to grow at a much more subdued 2.2% per year on average, indicating the industry's growing presence in the economy. The industry has primarily been driven by consumers' shopping habits shifting to the cyber sphere. In addition to the convenience offered by online shopping, many websites also offer price comparison services, which are particularly enticing when budgets are tight (as was the case during the recession).
Moreover, the industry has expanded in terms of participants... purchase to read more