Clothing, Handbags and Jewelry Industries in the Us

Clothing Accessories * The global dress accessories intentness is worthy close to $16. 5 billion, according to research from Packaged Facts. During the economic recession, galore(postnominal) consumers opted to buy accessories instead of more expensive items of clothing(Accessories can be interchange even in recession). Spending patterns concerning accessories be slightly different than clothing purchases as accessories ar often bought on impulse or as add-on purchases. The world clothing accessories commercialise is expected to exceed $20 billion by 2012.The global clothing accessories market is expected to inspect winth resume in the post recession period. Consumer confidence is find from the lows of the economic recession, with shoppers more willing to splash out on highlife and non-essential items. As consumers become increasingly conscious about the environment, enquire for environmentally brotherly luggage will scrape up(focus more on environmental friendly cro ssings, could also be used as a marketing strategy). Handbags This U. S. assiduity comprises establishments primarily engaged in manufacturing womens handbags and purses of any material (except precious metal).This 6-digit NAICS industry (316992) is under the hierarchy of Other Leather and Allied Product Manufacturing effort (31699), Leather and Allied Product Manufacturing Subsector (316), and the Manufacturing Sector (31-33). Revenue, Profitability Foreign swop Preview The industrys revenue for the year 2010 was approximately $351. 1 million USD, with an estimated swinish profit of 51. 29%. Import was valued at $2. 3 billion USD from 111 countries. The industry also exported $256. 2 million USD worth of merchandise to 117 countries.Adding effect value to and subtracting export value from the industrys shipment value, the total domestic demand for the industry in 2010 was $2. 4 billion USD. (This could be the biggest market for sale) jewellery 1) Costume jewelry is consider ed a discrete category of fashion accessory, and displays many another(prenominal) characteristics of a self-contained industry. Costume jewelry manufacturers are located passim the world, with a riveicular concentration in parts of China and India, where built-in city-wide and region-wide economies are dominated by the trade of these goods.There has been considerable controversy in the fall in States and elsewhere about the lack of regulations in the manufacture of much(prenominal) jewelrythese range from human rights issues surrounding the treatment of labor, to the use of manufacturing processes in which small, but potentially harmful, amounts of toxic metals are added during production. (lot of cadmium found) As part of the supply chain, wholesalers in the United States and other nations purchase vesture jewelry from manufacturers and typically import or export it to wholesale distributors and suppliers who deal right away with retailers.Wholesale costume jewelry merchan ts would traditionally seek out new suppliers at trade shows. As the Internet has become increasingly important in global trade, the trade-show model has changed. Retailers can now select from a orotund number of wholesalers with sites on the World Wide Web. Some of these sites also market directly to consumers, who can purchase costume jewelry at greatly reduced prices. Some of these sites include fashion jewelry as a separate category, while some use this term in respect of costume jewelry.The trend of jewelry-making at home by hobbyists for personal recreation or for sale on sites like Etsy has resulted in the common do of buying wholesale costume jewelry in bulk and victimisation it for parts. 2) World costume jewelry market stands enthused by the increasing accent laid down by consumers on fashion and style(most important for the hooking of the customers). Demand for costume jewelry and fashion accessories, such as, rings, earrings, bracelets, bangles, lockets, and brooc hes, is waxing at a healthy pace, driven largely by consumer preference for affordable, save fashionable jewelry.Costume jewelry has tailored looks and styles borrowed from fine jewelry. However, updated impressions of these are needed to extension and accessorize the latest apparel from couture houses and the fashion industry. Fashions in costume jewelry are generally reflected in the ready-to-wear apparel and accessories industry. Given the relative inexpensiveness and affordability of costume jewelry, purchases are predominantly impulsive especially for the younger generation(could be genius of the main target markets).Designing of costume jewelry is closely in furrow with the apparel market. Strong economic development in developing countries, rise in GDP, standards of living, and disposable incomes, are all factors fuelling the markets growth. Growing sophistication of consumer tastes(what simply does the customer wants? ) in the developed markets is fingered as a observe reason for gross revenue gain in these markets. Design innovations from manufacturers and fashion designers are helping attract fashion-savvy consumers.Unique designs, durability, and high quality are all variables for product success in the marketplace. General idea about the market for jewelry Costume jewelry market worldwide is dominated by the United States with an estimated 32. 49% share in the year 2007, as stated by Global Industry Analysts, Inc. Asia-Pacific represents the fastest growing market, mirroring a projected CAGR of 6. 93% over the period 2000 to 2010. In the Necklaces, bracelets & chains market, sales are visualise to rise by US$3,853 million between the period 2007 to 2015.Global sales of Brooches, Pendants & Pins are projected to reach US$2. 0 billion by the year 2015. Ear Rings market in Asia-Pacific is forecast to grow at a robust CAGR of 9. 52% over the 2011 to 2015 period. Leading players operate in the global costume jewelry market include Avon Products Inc, Adrian Buckley Jewellery, DCK Concessions Ltd, H. female genitals Com. & Ind. S. A, K&M Associates, The Colibri Group, Roman Research Inc. , and Swank Inc. (we could implement their strategies)