Jewellery & Watches Retailing - UK - September 2017
“The UK jewellery and watch market looks set to become increasingly challenging. Prices are rising and domestic demand is softening as a result. Growth in the market is being driven by sales of luxury watches amongst tourists taking advantage of a weak Sterling. However, one in four UK consumers plan to spend more on jewellery and watches in the next year. Retailers set to capture this spending are those targeting affluent, young shoppers but this means the mid to high end of the market is set to become increasingly competitive.”
– Samantha Dover, Retail Analyst
This Report looks at the following areas:
- The ongoing impact of Brexit on the market
- Watches continuing to drive growth, but the market is increasingly competitive
- What are the opportunities in the market?
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