Outlook in 2013 and Beyond<\/strong>
\nLooking ahead in 2013 and beyond, Euromonitor said it expects the luxury watch sector to grow in constant value terms, at a stronger rate than during its research period.<\/p>\nEuromonitor forecasts that, owing to the double-dip recession, jewellery is expected to fare better than watches as consumers consider it more of an investment, especially with the price of precious metals increasing.<\/p>\n
The Luxury watch sector is expected to post a low constant value compound annual growth rate of 1% between 2012 and 2017, as the economy shows no signs of recovery.<\/p>\n
Euromonitor also said that luxury brands may begin to offer more by way of diffusion watch lines, but in a very limited and less obvious way than in the practices taken from luxury fashion brands will continue to be selective in terms of where and with whom they retail their products, with stockists and marketing chosen to keep the exclusivity factor intact.<\/p>\n
\nRead a more detailed version of the report exclusively in the April issue of WatchPro magazine.<\/em><\/strong>
\n <\/p>\n","protected":false},"excerpt":{"rendered":"A report by Euromonitor International focused on luxury jewellery and timepieces in the UK reveals the sector’s sales slowed in 2012, despite value growth of 5%, totalling £1.12 billion. The Euromonitor findings show 2012 UK watch sector growth was slightly lower than 2011’s growth. Economic uncertainty impacted consumer’s confidence in 2012, with shoppers reconsidering their […]<\/p>\n","protected":false},"author":1,"featured_media":3105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_hide_updated_date":false},"categories":[2,1,16],"tags":[2569,2570,2181,2571,601],"newspack_lstngs_evt":[],"newspack_lstngs_gen":[],"newspack_lstngs_mkt":[],"newspack_lstngs_plc":[],"acf":[],"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"WATCHPRO","distributor_original_site_url":"https:\/\/www.watchpro.com","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts\/3104"}],"collection":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/comments?post=3104"}],"version-history":[{"count":0,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts\/3104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/media\/3105"}],"wp:attachment":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/media?parent=3104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/categories?post=3104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/tags?post=3104"},{"taxonomy":"newspack_lstngs_evt","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_evt?post=3104"},{"taxonomy":"newspack_lstngs_gen","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_gen?post=3104"},{"taxonomy":"newspack_lstngs_mkt","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_mkt?post=3104"},{"taxonomy":"newspack_lstngs_plc","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_plc?post=3104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}