2014-03-21 14:06:02 - Personal Accessories in the US - a new market research report on companiesandmarkets.com
Personal accessories showed lower current value growth in 2013 than in 2012, as unit prices of gold and silver jewellery declined in 2013, after rocketing in 2011. Unit prices of bags and luggage also stabilised in 2013, after rapid growth in 2011 and 2012. At the same time, higher employment and a reduction in mortgage rates allowed those in the upper-income brackets to treat themselves to a new handbag or watch. Confidence grew amongst affluent consumers in 2013, as housing prices rose, leading their single largest investment to increase in value.
The rise of new technology is having a major impact on personal accessories. In the academic arena, the adoption by many schools of tablets such as iPads instead of textbooks
is leading to reduced demand for pens, as students can now take notes on a tablet instead of having to use a pen and notebook. On the positive side, the popularity of smartphones, laptops and tablets was a boon for sales of bags, as Americans looked to bags to protect their expensive electronics. Bag makers tout numerous pockets to house these electronics, as well as offering bags which include charging capability.
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