US Jewelry Retail Market: Focus on Online Segment
The jewelry industry is highly fragmented in the US. The fastest growing segment is considered to be of branded jewelry. In the US, more than half of the revenue is generated by top few jewelry chains. The largest source of sale of jewelry in the US is non-specialty retailers.
The growth of retail jewelry sales has been cyclical and in 2008 and 2009 it has been negative. Online jewelry sales have been increasing over the years and are expected to increase more in the near future. In the US, the penetration of engagement jewelry in E-Commerce is also increasing. Number of Internet users have been increasing continuously resulting in an increase in the number of online shoppers all over the world.
The global economic slowdown led to low capacity utilization in the global industry for jewelry which resulted in a decline in the margins of jewelry manufacturing. Therefore, the value chain in the jewelry industry is likely to witness consolidation in the near future, leaving only a handful of major players in the position of coping with the competitive pressure.
This report delves into the market dynamics including factors driving online jewelry sales, factors affecting consumer preferences, key issues and trends in the US online jewelry market. Financial comparison on the basis of market cap, revenue, EPS, net income of the largest players in online jewelry market is also given in the report. The current report profiles the four largest players in online jewelry market - Tiffany, Signet, Blue Bile & Zale Corp.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
The growth of retail jewelry sales has been cyclical and in 2008 and 2009 it has been negative. Online jewelry sales have been increasing over the years and are expected to increase more in the near future. In the US, the penetration of engagement jewelry in E-Commerce is also increasing. Number of Internet users have been increasing continuously resulting in an increase in the number of online shoppers all over the world.
The global economic slowdown led to low capacity utilization in the global industry for jewelry which resulted in a decline in the margins of jewelry manufacturing. Therefore, the value chain in the jewelry industry is likely to witness consolidation in the near future, leaving only a handful of major players in the position of coping with the competitive pressure.
This report delves into the market dynamics including factors driving online jewelry sales, factors affecting consumer preferences, key issues and trends in the US online jewelry market. Financial comparison on the basis of market cap, revenue, EPS, net income of the largest players in online jewelry market is also given in the report. The current report profiles the four largest players in online jewelry market - Tiffany, Signet, Blue Bile & Zale Corp.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
1. JEWELRY MARKET
1.1 Introduction to Jewelry
1.2 Channels of Distribution
2. GLOBAL JEWELRY MARKET- AN OVERVIEW
Gold
Diamond
Platinum
Palladium
3. US JEWELRY RETAIL MARKET
Market Value
Distribution Channels
Jewelry Stores
4. US ONLINE JEWELRY MARKET
Overview of Online Sales
Market Value & Growth Rate
5. MARKET DYNAMICS OF ONLINE JEWELRY MARKET
5.1 Key Trends
5.1.1 Factors affecting Online Jewelry Shopping
5.1.2 Change in Consumer Preferences
5.2 Growth Drivers
5.2.1 Increase in the Number of Online Shoppers
5.2.2 Price-Differential
5.2.3 Better Customer support
5.2.4 Convenient Shopping
5.2.5 Jewelry Information
6. KEY ISSUES
6.1 Anti-Internet Shoppers
6.2 Web-Traffic
6.3 Physically Examination of Product
6.4 Access to expertise
6.5 Online Fraud
7. ONLINE JEWELRY - COMPETITIVE LANDSCAPE
Competitive Overview
Financial Comparison
Market Share
8. COMPANY PROFILES
8.1 Tiffany
Company Overview
Key Financials
Business Strategies
Expansion of Global Distribution
Enhance Customer Awareness
Improve Store Productivity
8.2 Blue Nile
Company Overview
Key Financials
Business Strategies
Efficient Marketing
Customer Service & Support
Development of Technology & Systems
8.3 Signet Jewelry Limited
Company Overview
Key Financials
Business Strategies
8.4 Zale Corporation
Company Overview
Key Financials
Business Strategies
Enhance Store Operations
Improve IT System
Efficient Inventory Management
9. MARKET OUTLOOK
9.1 Market Forecast
9.2 Forecast Methodology
9.2.1 Dependent and Independent Variables
9.2.2 Correlation Analysis
9.2.3 Regression Analysis
1.1 Introduction to Jewelry
1.2 Channels of Distribution
2. GLOBAL JEWELRY MARKET- AN OVERVIEW
Gold
Diamond
Platinum
Palladium
3. US JEWELRY RETAIL MARKET
Market Value
Distribution Channels
Jewelry Stores
4. US ONLINE JEWELRY MARKET
Overview of Online Sales
Market Value & Growth Rate
5. MARKET DYNAMICS OF ONLINE JEWELRY MARKET
5.1 Key Trends
5.1.1 Factors affecting Online Jewelry Shopping
5.1.2 Change in Consumer Preferences
5.2 Growth Drivers
5.2.1 Increase in the Number of Online Shoppers
5.2.2 Price-Differential
5.2.3 Better Customer support
5.2.4 Convenient Shopping
5.2.5 Jewelry Information
6. KEY ISSUES
6.1 Anti-Internet Shoppers
6.2 Web-Traffic
6.3 Physically Examination of Product
6.4 Access to expertise
6.5 Online Fraud
7. ONLINE JEWELRY - COMPETITIVE LANDSCAPE
Competitive Overview
Financial Comparison
Market Share
8. COMPANY PROFILES
8.1 Tiffany
Company Overview
Key Financials
Business Strategies
Expansion of Global Distribution
Enhance Customer Awareness
Improve Store Productivity
8.2 Blue Nile
Company Overview
Key Financials
Business Strategies
Efficient Marketing
Customer Service & Support
Development of Technology & Systems
8.3 Signet Jewelry Limited
Company Overview
Key Financials
Business Strategies
8.4 Zale Corporation
Company Overview
Key Financials
Business Strategies
Enhance Store Operations
Improve IT System
Efficient Inventory Management
9. MARKET OUTLOOK
9.1 Market Forecast
9.2 Forecast Methodology
9.2.1 Dependent and Independent Variables
9.2.2 Correlation Analysis
9.2.3 Regression Analysis
LIST OF CHARTS
Introduction to Jewelry
Channels of Distributions
Percentage Change in Global Jewelry Demand- by Volume (2010 v/s 2009)
Global Gold Demand- By Value (2007-2009)
Global Diamond Jewelry Demand by Country (2010E)
Global Platinum Demand (2009-2010) - By Volume
Global Palladium Demand (2009-2010) - By Volume
US Retail Jewelry Market (2005-2015E)
US Jewelry Market –Share by Distribution Channels (2009)
Number of US Jewelry Stores (2000-2009)
US Jewelry Retail Sales Growth v/s Non-Food Retail Sales Growth (1993-2009)
US Jewelry Expenditure Market Share by Ethnicity (2010)
US Online Jewelry Sales (2005-2010E)
US Online Engagement Jewelry Sales (2009)
Gold Retail Sales-By Source of Sales (2007-2009)
Jewelry Purchase – Consumer Preference (2009
Showing different Level of Satisfaction
Global Internet Penetration Rate (2011)
Global Internet Users by Region (2011)
Global Internet Users Growth rate by Region (2000-2011)
Number of Internet Users in the US (2005-2010)
US Online Retail sales (2005-2010)
US Specialty Jewelry Retail Chain’s Market Share (2009)
Tiffany & Co. Revenue (2006-2010)
Tiffany Geographical Revenue Break down (2010)
Tiffany Revenue Break down by Segments (2010)
Blue Nile Revenue (2009-2011)
Signet Jewelers Revenue (2007-2011)
Signet Geographical Revenue Breakdown (2011)
Revenue of Zale Corporation (2006-2010)
Revenue of Fine Jewelry Segment (2006-2010)
US Online Jewelry Sales (2010-2014E)
List of Tables
Survey Based Factors affecting Online Jewelry Shopping
Financial Comparison of Key Players (2010)
Dependent & Independent Variables (2005– 2010)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
Introduction to Jewelry
Channels of Distributions
Percentage Change in Global Jewelry Demand- by Volume (2010 v/s 2009)
Global Gold Demand- By Value (2007-2009)
Global Diamond Jewelry Demand by Country (2010E)
Global Platinum Demand (2009-2010) - By Volume
Global Palladium Demand (2009-2010) - By Volume
US Retail Jewelry Market (2005-2015E)
US Jewelry Market –Share by Distribution Channels (2009)
Number of US Jewelry Stores (2000-2009)
US Jewelry Retail Sales Growth v/s Non-Food Retail Sales Growth (1993-2009)
US Jewelry Expenditure Market Share by Ethnicity (2010)
US Online Jewelry Sales (2005-2010E)
US Online Engagement Jewelry Sales (2009)
Gold Retail Sales-By Source of Sales (2007-2009)
Jewelry Purchase – Consumer Preference (2009
Showing different Level of Satisfaction
Global Internet Penetration Rate (2011)
Global Internet Users by Region (2011)
Global Internet Users Growth rate by Region (2000-2011)
Number of Internet Users in the US (2005-2010)
US Online Retail sales (2005-2010)
US Specialty Jewelry Retail Chain’s Market Share (2009)
Tiffany & Co. Revenue (2006-2010)
Tiffany Geographical Revenue Break down (2010)
Tiffany Revenue Break down by Segments (2010)
Blue Nile Revenue (2009-2011)
Signet Jewelers Revenue (2007-2011)
Signet Geographical Revenue Breakdown (2011)
Revenue of Zale Corporation (2006-2010)
Revenue of Fine Jewelry Segment (2006-2010)
US Online Jewelry Sales (2010-2014E)
List of Tables
Survey Based Factors affecting Online Jewelry Shopping
Financial Comparison of Key Players (2010)
Dependent & Independent Variables (2005– 2010)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
