2007 CENSUS REPORT
What is in the forecast for women's accessories? Will consumers spend discretionary income on fashion accessories rather than the endless rotation of electronic and technological gadgets? Which accessories classifications will flourish? Which will face challenges?
One factor is certain: Accessories offer the highest gross margins per square foot at retail. But can they still sustain profitability? Here's what our panel of experts — from investment bankers and analysts to fashion trend forecasters — has to say.
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Below are statistics by classification, with our panelists’ views on trends that will shape 2008.
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TOTAL WOMEN'S ACCESSORIES
U.S. Retail Sales
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$ Billions |
| Projected 2007 |
$31.15 |
| 2006 |
$30.92 |
| 2005 |
$30.15 |
| 2004 |
$28.84 |
| 2003 |
$27.82 |
TOTAL WOMEN'S ACCESSORIES
2005 U.S. Retail Sales All Outlets
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2006 |
2006
% change '06 over '05 |
2007
(Projected) |
2008
(Planned projections) |
| Fashion/Bridge Jewelry |
$8.6 billion |
+4.0% |
+3.5% |
+5.0% |
| Fashion/Sport Watches |
$3.3 billion |
-1.0% |
-1.5% |
flat |
| Handbags |
$6.9 billion |
+8.0% |
+6.5% |
+4.0% |
| Small Leathergoods |
$846 million |
flat |
+1.0% |
+1.0% |
| Belts |
$706 million |
+8.0% |
flat to -2.5 % |
flat |
Hosiery
(sheer & casual combined) |
$4.95 billion |
-0.5% |
sheers +2.5%
casual +6.0% |
sheers flat
casual +4.0% |
| Slippers/Casual
Footwear |
$698.5 million |
+3.5% |
+2.5% |
+2.0% |
| Scarves/Wraps |
$685 million |
+1.5% |
+3.0% |
+3.0% |
| Cold Weather |
$486 million |
+1.5% |
+5.0% |
+1.5% |
| Sunglasses |
$2.1 billion |
+5.0% |
+3.5% |
+4.0% |
| Hats |
$981 million |
+1.5% |
+2.0% |
+1.5% |
| Hair Accessories |
$320 million |
+1.0% |
+6.0% |
+3.0% |
| Rainwear/Umbrellas |
$348 million |
flat |
flat |
flat |
| Total: |
$30.92 billion |
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Accessories magazine's Annual Census Report is a proprietary compilation of industry statistics and trends. Information is gathered via confidential interviews with department and specialty chain store GMMs and DMMs, as well as industry consultants and specific classification associations.
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