|
The
luxury goods industry faces unprecedented change. The pace at which a company
identifies and acts upon changes in the marketplace will separate the future
market leaders from the rest.
With the introduction of
the LGI Network's retail measurement services (RMS),
broad and detailed consumer purchase information is now available to the
industry for the first time. Access to timely information is critical to
effective decision making. LGI's information will provide an alternative to the
the intuition-driven decision making retailers, brands and industry suppliers
rely on today. Each party will dramatically improve its decision making --
leading to more efficient and profitable businesses. As always, the consumer
marketplace will reward those companies that understand and deliver what it
wants - and punish those that do not. Companies that embrace the information
that LGI provides will gain a distinct competitive advantage.
| 2007
U.S Fine Watch Market Annual Report
|
 |
|
August
2008 Wrap Up :
|
|
Overall August 2008
exhibited growth of over 5% on a same store dollar basis ending at $430.6
million. In unit terms, the market grew fractionally, up .8% on a same store
basis with just under 497,000 units sold. The average MSRP in August 2008 was
$867 up 9.5% versus August 2007's average MSRP of $792.
On Same Store unit basis all price points grew with the exception of the $50 to
$499 price point which declined 1.3%. The $10,000+ price point increased the
most up over 13% on a same store unit comparison. This was closely followed by
the $500 to $999 price point which was up over 12%.
On Same Store unit basis all price points grew with the exception of the $50 to
$499 price point which declined 1.3%. The $10,000+ price point increased the
most up over 13% on a same store unit comparison. This was closely followed by
the $500 to $999 price point which was up over 12%.
LGI has historically reported same store growth in order to enable retailers to
more easily compare their own operations to these figures. While we will
continue to adhere to this same-store approach, its worth noting that in recent
months the closing down of several large institutional retailers and several
thousand small independent store-fronts has lead to a more challenging overall
performance picture.
Performance variations from these overall market numbers for specific brands
and models as well as characteristics such as case materials, diamonds and
target gender of the product are quite interesting and indicative of the way
consumers view the market and overall economy. This has a direct impact on the
products consumers eventually purchase. Detailed information on these items and
more can be accessed through LGI Network's Time Tracker service. Please contact
VJ Geronimo (Tel: 973 659 0333 Ext 105) to learn more about how retailers can
obtain free access to this information.
Click on the link below to see LGI's current month Sales Intelligence Overview
report which contains sell through data grouped by both Geography and
Pricepoint.
August 2008 Sales Intelligence Overview by Geography and Pricepoint Reports
Click here for Sales Intelligence Overview Report Archives
To find out how you can
access timely market, category and brand performance information, please
contact , VJ Geronimo at LGI
Network. Tel No: 973 659 0333 Ext 105
|
|
|
|
