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Watch & Jewellery Wholesaling in the UK - Industry Market Research Report

Jewellery wholesaling market in the United Kingdom to grow 1.8% CAGR between 2014-19


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2014-04-18 11:51:04 - Watch & Jewellery Wholesaling in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

The Watch and Jewellery Wholesaling industry has lost its shine during the past five years. Since 2008-09, a financial crisis, recession and government austerity measures have resulted in sharp rises in unemployment and paralysed consumer confidence. This has had a damaging impact on watch and jewellery sales, which are highly discretionary in nature.

Companies in the industry also faced an increasing trend of wholesale bypass over the period. During the five years through 2013-14, revenue is expected to contract at a compound annual rate of 0.9%. In 2013-14, industry revenue is anticipated to contract by 1.1% to £1.5 billion as these trends continue.

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